News Highlights: Top Company News of the Day
GameStop, Meme Stocks Hit by Market Turmoil
AMC Entertainment, GameStop and other stocks popular with
individual investors sold off Monday.
Rio Tinto, Oyu Tolgoi Partners Reach Agreements to Advance Copper Project
Rio Tinto has reached agreements with Turquoise Hill Resources
and Mongolia's government on the Oyu Tolgoi copper mine expansion
in South Gobi desert that have led the partners to approve the
start of underground operations.
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.
IBM Sales Surge. Changes Are Beginning to Pay Off.
The tech giant reported strong fourth-quarter results, including
its best quarterly sales growth in more than a decade.
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
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.
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.
Bob Dylan Sells Entire Recorded Music Catalog to Sony Music
The company didn't disclose a price for the deal, which it said
includes the rights to multiple future releases.
Judge Rejects Trade-Secret Theft Lawsuit Against H.I.G. Capital
A federal judge rejected allegations that private-equity firm
H.I.G. Capital gained access to confidential information of
TransPerfect Global Inc. and used it to try to poach clients from
the translation company.
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
(END) Dow Jones Newswires
January 24, 2022 21:15 ET (02:15 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.