News Highlights: Top Company News of the Day
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
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
Citigroup's Quarterly Profit Falls 26%
The bank has been shedding many international consumer
operations in an attempt to simplify its business and boost
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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