News Highlights: Top Company News of the Day
Peloton Warns of Layoffs, Changes to Production
The company says it is reviewing costs after a report of a
production halt sent its shares tumbling.
Netflix Shares Sink as Company Sees Subscriber Growth Slowing
Netflix said it expects to add a much smaller number of
subscribers this quarter than it did a year ago as it adjusts to
growing competition and lasting disruptions from the coronavirus
pandemic, sending the video streamer's shares down sharply.
Jamie Dimon Gets $3 Million Raise to $34.5 Million for 2021
The nation's biggest bank reported $48.3 billion in net income
last year, a third more than the old record.
Rio Tinto Reviewing Serbia's Move to Revoke Lithium Project Licenses
Rio Tinto said it was reviewing the legal basis and implications
of a decision by Serbia's government to revoke licenses for the
mining company's lithium project.
TikTok Is Testing a Paid Subscription Model
The buzzy video-sharing app said it is testing a subscription
service, a concept that could allow creators to charge people to
view their content.
Bonuses Are Up on Wall Street, but Not the Mood
Pay rose twice as fast as revenue at Wall Street's biggest banks
for a year that generated widespread burnout among staff.
Twitter Embraces NFTs With New Profile-Picture Feature
The platform will start letting subscribers to its Blue service
use nonfungible tokens as their profile images, jumping into a
digital-goods business that has exploded in the past year.
Discount Tire's Tech Revamp Positions It for Shift to EVs, CIO Says
New IT system will provide greater visibility about the regions
where demand for electric-vehicle tires is highest, says CIO Gary
Union Pacific Says Covid-19 Left Railroad Understaffed
CEO Lance Fritz says the company underestimated the loss of
manpower as the Omicron variant spread.
Merrick Garland to Meet With Boeing Crash Victims' Families
The attorney general plans to speak with relatives of those
killed in two 737 MAX crashes who say prosecutors should have
conferred with them before striking a $2.5 billion settlement with
the plane maker.
(END) Dow Jones Newswires
January 20, 2022 23:15 ET (04:15 GMT)
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