AT&T, Dish Spend Billions on Spectrum for 5G Services 

The Federal Communications Commission's most recent auction of wireless spectrum licenses will require military cooperation.

Boeing Engineer Who Oversaw 737 MAX Design to Retire 

Michael Teal, who was the chief project engineer during the 737 MAX's development, is stepping down on April 1 after 35 years at the aerospace giant.

Walmart Shuffles Executives, Names New Merchandising Chief 

The retailer is shuffling its executive ranks after the holiday season, with its chief merchandising officer retiring and its chief customer officer leaving the company.

Pandemic Profits Begin to Ebb at America's Biggest Banks 

JPMorgan Chase earned a record $48.3 billion in 2021, but profit in the fourth quarter fell 14% as some of the forces that pushed bank results higher have started to weaken.

Wells Fargo's Quarterly Profit Soars 86% 

The bank's revenue rose 13%, beating expectations. It also released money it had set aside for pandemic loan losses.

Village Roadshow, Producer on 'Joker' and 'The Matrix,' Explores Strategic Options 

The film-and-TV producer and financier has tapped investment bank PJT to explore a variety of options and has considered a sale.

Google Misled Publishers and Advertisers, Unredacted Suit Alleges 

Google misled publishers and advertisers for years about the pricing and processes of its ad auctions, creating programs that deflated sales for some companies while increasing prices for buyers, according to newly unredacted allegations in a lawsuit filed by states.

Howard and Grazer's Imagine Entertainment in Talks to Sell Stake 

London-based Centricus is in talks to purchase more than 70% of Imagine, known for movies such as "Apollo 13" and "Cinderella Man."

Citigroup's Quarterly Profit Falls 26% 

The bank has been shedding many international consumer operations in an attempt to simplify its business and boost profitability.

Warburg Seeks Up to $2 Billion Fund to Extend Hold for Duravant 

The continuation transaction is expected to close in early February, sources with knowledge of the offering said.


(END) Dow Jones Newswires

January 14, 2022 15:15 ET (20:15 GMT)

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