News Highlights: Top Company News of the Day
Chevron Rakes in $15.6 Billion in Annual Profits as Oil Prices Climb
The oil giant had a dramatic turnaround in 2021, as fossil fuel
demand recovered from pandemic-induced lows.
Citigroup Fined for Misconduct in Asian Stock Trading
Hong Kong's Securities and Futures Commission says its
investigation found "pervasive dishonest behavior" among the bank's
Google to Invest Up to $1 Billion in Deal With India's Bharti Airtel
The investment is part of Google's efforts to build its presence
in one of the world's last great untapped digital markets.
Citigroup to Sell Taiwan Consumer-Banking Business to DBS
The deal is the latest in a series of divestitures as Citigroup
shrinks its international retail footprint to focus more on serving
businesses and affluent clients.
SoftBank Operating Chief to Leave as Stock Hits a Rough Patch
SoftBank said Chief Operating Officer Marcelo Claure, who helped
clean up problems at the firm's investments including WeWork and
Sprint, is leaving the company.
UniCredit Net Loss Widens, Underlying Earnings Impress
UniCredit reported a bigger net loss in the fourth quarter,
mainly due to integration costs and higher investment losses, but
its underlying earnings beat expectations as did revenue.
H&M to Focus on Growth as Sales Make Full Recovery
H&M said it will focus on growth again, after reporting a
better-than-forecast fourth-quarter net profit as sales returned to
Volvo Beats Forecasts, Cautions on Supply Headwinds
Volvo posted forecast-beating fourth-quarter earnings on strong
demand but cautioned that production stoppages due to component
shortages and supply-chain disruptions will continue.
Robinhood's Stock Is in Show-Me Mode
Over the course of a wild year, Robinhood's business stabilized
by some key measures, but that might not translate into its stock
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
(END) Dow Jones Newswires
January 28, 2022 07:15 ET (12:15 GMT)
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