Biogen to Sell Biosimilar-Venture Stake to Partner Samsung Biologics 
 

The deal for its 50% ownership of the joint venture would bring the company at least $2.25 billion.

 
Mondelez Mulls More Price Hikes for Snacks as Inflation Eats Into Profits 
 

As the global supply chain continues to struggle, shortages are causing suppliers to raise prices, says Chief Executive Dirk Van de Put.

 
Robinhood's Stock Drops 12% After Loss Is Worse Than Analysts Expected 
 

Higher technology and administrative costs hurt the brokerage's fourth-quarter results.

 
SK Hynix's Annual Revenue at Record High 
 

SK Hynix's fourth-quarter net profit jumped 88% on brisk global demand for memory chips that also produced record annual revenue for the company.

 
Citigroup to Sell Taiwan Consumer Banking Business to DBS 
 

DBS Group Holdings will acquire Citigroup's consumer-banking business in Taiwan in a deal the Singapore lender said will make it Taiwan's largest foreign bank by assets.

 
Home Depot Names Ted Decker as CEO 
 

Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020.

 
Visa stock gains as quarterly revenue tops $7 billion for the first time 
 

Visa Inc. topped $7 billion in quarterly revenue for the first time, buoyed by a quicker-than-expected resumption in travel spending and sustained growth in categories like e-commerce that had been strong throughout the pandemic.

 
Apple Posts Record Quarterly Results Despite Parts Shortages 
 

Apple posted record quarterly results even as supply shortages hindered sales, and Chief Executive Tim Cook said those constraints are improving.

 
Robinhood Meme-Stock Negligence Suit Is Rejected by Judge 
 

The ruling comes ahead of the first anniversary of trading restrictions on GameStop and AMC Entertainment shares.

 
LVMH 2021 Earnings Surged as Top Line Keeps Gaining Pace 
 

LVMH Moet Hennessy Louis Vuitton said revenue growth continued to accelerate at the end of 2021, leading to a much higher profit.

(END) Dow Jones Newswires

January 27, 2022 23:15 ET (04:15 GMT)