News Highlights: Top Company News of the Day
January 19 2022 - 3:15PM
Dow Jones News
Flight Disruptions Ease as 5G Goes Live
Stable weather and changes following wireless carriers'
temporary concession to address air-safety concerns helped blunt
cancellations on the first day of the new services' rollout.
GM Plans to Expand Use of Fuel Cells
General Motors Co. said its plans to broaden electrification,
expanding use of fuel cells.
Starbucks Drops Covid-19 Vaccination, Testing Requirements
The coffee chain was set to implement the requirement for its
U.S. workers next month, but is rescinding it in light of the
Supreme Court recent ruling against a federal mandate for
companies.
The CEO Who Fired 900 People on Zoom Is Back
Better.com's Vishal Garg took a break in December after a video
showing him letting go hundreds of employees remotely went
viral.
Unilever Walks Away From Glaxo Consumer-Healthcare Deal
Unilever, maker of Dove soap and Ben & Jerry's ice cream,
said it won't boost its $68 billion offer for GlaxoSmithKline's
consumer healthcare business, effectively ending its effort to buy
the maker of Aquafresh toothpaste and Advil pain relievers.
Morgan Stanley Profit Rises 9%
The bank joined its peers in posting gains in investment banking
but a decline in trading revenue.
Bank of America's Quarterly Profit Rises 28%
Higher interest income and record investment banking revenue
pushed the lender to higher earnings, bucking the trend at some
other large U.S. banks.
Sony Braces for Microsoft's 'Pay-to-Win' Strategy
Sony shares dropped nearly 13% after Microsoft's announced
megadeal for Activision. Its investors are right to be
concerned.
State Street Profit Rises on New Business, Market Gains
The financial holding company's net income rose 30% to $697
million in the fourth quarter.
Microsoft's Activision Deal to Power Its Netflix-of-Gaming Aspirations
With its $75 billion deal for Activision Blizzard, Microsoft
aims to shake up the gaming industry by building out its library of
blockbusters and bolstering its efforts to entice consumers onto
its cloud-gaming service.
(END) Dow Jones Newswires
January 19, 2022 15:00 ET (20:00 GMT)
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