Snap Warns of Sales Drop After Revenue Growth Stalls 
 

Snapchat's parent company is struggling to revive growth amid upheaval in digital advertising market.

 
Mondelez International 4Q Sales Climb on Higher Prices 
 

Oreo maker forecasts 2023 revenue growth as it focuses on chocolates, biscuits and baked snacks.

 
AMD's Profit Plunges Amid Weaker PC Sales 
 

The chip maker reported a 98% decline in net income for the fourth quarter as operating expenses more than doubled and sales linked to its PC clients were cut in half.

 
J&J Faces Longer Path to Resolving Talc Lawsuits 
 

The company's court loss over baby-powder litigation could force it to defend thousands of lawsuits case by case, just as it navigates the biggest restructuring in its 137-year history.

 
Event Software Company Cvent Explores Sale 
 

The company has attracted interest from Blackstone Inc. and others for a sale that could value Cvent at upwards of $4 billion, according to people familiar with the matter.

 
GM's Profit Soars as Supply-Chain Problems Ease 
 

The auto maker said it is investing $650 million in a mining company to jointly develop a lithium-extraction project in Nevada.

 
PayPal to lay off 7% of employees as part of cost-cutting push 
 

Chief Executive Dan Schulman announced the layoffs, which will affect about 2,000 PayPal employees, in an email to the staff Tuesday afternoon.

 
Warner Bros. Discovery's DC Superheroes to Take On Marvel 
 

DC Studio executives have outlined an ambitious slate of five films and five new series based on DC Comics titles.

 
Celsius Used Customer Funds to Prop Up Token and Cover Shortfalls, Examiner Finds 
 

Celsius Network used customer funds to cover shortfalls in its obligations to pay lofty yields and to prop up the value of its CEL token while some company insiders were cashing out, according to an examiner's probe into the crypto lender's practices before its collapse.

 
Exxon Vaults to Record Annual Profit of $55.7 Billion 
 

Only Apple and Microsoft so far have surpassed Exxon's fiscal 2022 profit as the oil giant capitalized on high commodity prices.

(END) Dow Jones Newswires

January 31, 2023 19:15 ET (00:15 GMT)