News Highlights: Top Company News of the Day
Activision Blizzard's Workplace Problems Spurred $75 Billion Microsoft Deal
After a California lawsuit and a Wall Street Journal report, the
company's stock was falling, board members were getting anxious-and
the tech giant was ready to take a gamble.
China Notifies Firms of Tougher Investment Rules for Big Tech
The new regulations are likely to curb domestic technology
giants from growing even bigger through acquisitions, according to
people familiar with the issue.
Sony Shares Fall Sharply on News of Microsoft Deal for Activision Blizzard
Sony Group's shares fell nearly 13% in Tokyo on concerns about
tough new competition for its videogame business from the newly
announced combination of Microsoft and Activision Blizzard.
Apple Says Senate Tech Bill Would Hurt Its Privacy Push
The iPhone maker said a proposal in Congress would weaken a
privacy-protection tool it rolled out last year, adding that the
change could benefit "irresponsible" companies profiting from user
BHP Metallurgical Coal Operations Disrupted by Australia Covid-19 Surge
BHP Group said a surge in Covid-19 cases in Australia is causing
a shortage of workers at its coal pits that will likely constrain
how much steelmaking coal the miner can produce in its fiscal
EQT Aims to Raise Almost $23 Billion for Buyout Fund
EQT AB expects to raise at least EUR20 billion, equivalent to
about $22.81 billion, for a 10th buyout fund to further expand its
U.S. presence, according to Per Franzen, a partner and global head
of private capital's advisory teams.
Richemont Climbs as Sales Rise Suggests Earnings Upgrades
UPDATED: Richemont shares surged after the luxury-goods group
posted consensus-beating quarterly sales, with analysts predicting
upgrades to the company's earnings estimates for fiscal 2022.
ASML Posts Profit Gain, Cautions on First-Quarter Sales
UPDATED: ASML posted a net profit of $2 billion for the fourth
quarter and forecast sales growth of 20% in 2022 despite lower
sales guidance for the first three months of the year due to the
delayed recognition of shipments.
Airlines Cancel Some Flights Ahead of U.S. 5G Wireless Launch
The flight suspensions occurred even as AT&T and Verizon
agreed to limit signals within 2 miles of runways to address
BJ's Wholesale Club to Move Credit Cards to Capital One, a Blow to ADS
The warehouse club sued Alliance Data Systems, saying the card
issuer isn't moving fast enough to transfer accounts.
(END) Dow Jones Newswires
January 19, 2022 05:15 ET (10:15 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.