News Highlights: Top Company News of the Day
IBM Sales Surge as Turnaround Takes Hold
The tech giant reported strong fourth-quarter results, including
its best quarterly sales growth in more than a decade.
GameStop, Meme Stocks Hit by Market Turmoil
AMC Entertainment, GameStop and other stocks popular with
individual investors sold off Monday.
Meta Unveils New AI Supercomputer
When the AI Research SuperCluster is fully built it will be the
fastest AI supercomputer in the world, the Facebook parent
Peloton Stock Rises Almost 10% After Activist Letter, 'Billions' Appearance
Peloton Interactive shares rose after The Wall Street Journal
reported Blackwells Capital wants the company to fire its chief
executive and explore a sale.
Google Deceived Users About Location Tracking, States Allege
The company tracks people's movements using information from its
search engine, Maps app, Wi-Fi and Bluetooth services even after
users turn off location tracking, a lawsuit filed by Washington,
D.C., alleges. Google disputed the allegations.
Kohl's Shares Surge 30% on Takeover Bids for Retailer
Starboard and Sycamore have made separate approaches for the
department-store chain, according to people familiar with the
Palin's Case Against New York Times Delayed by Positive Covid-19 Test
Jury selection was scheduled to begin Monday in Manhattan
federal court. U.S. District Judge Jed Rakoff said he was
postponing the trial until Feb 3.
Tesla Countersues JPMorgan in Fight Over Warrants
The electric-car maker alleges the bank's dislike of Elon Musk
is behind its $162 million lawsuit in November.
Ford Shuts Off Orders for New $20,000 Maverick Pickup
With more-affordable vehicles in short supply, the auto maker
said demand for the new pickup truck has surged and it is straining
to fill a backlog of orders.
Evergrande Asks Overseas Creditors for More Time
The Chinese property developer pleaded for time to get a grip on
its complicated financial situation and warned that drastic legal
action could be destabilizing.
(END) Dow Jones Newswires
January 24, 2022 17:15 ET (22:15 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.