News Highlights: Top Company News of the Day
February 01 2023 - 07:15AM
Dow Jones News
BP's CEO Plays Down Renewables Push
Chief Executive Bernard Looney has said he is disappointed in
the returns from some renewable investments and plans to pursue a
narrower green-energy strategy, according to people familiar with
Meta Is Expected to Post Earnings Drop From Digital Ad Woes
The Facebook and Instagram parent has been leaning more heavily
on artificial intelligence to revive its fortunes.
Intel CEO Takes Pay Cut as Chip Maker Targets Cost Reductions
Intel CEO Pat Gelsinger and other managers are taking pay cuts,
days after the company's quarterly earnings disappointed Wall
Salesforce, Disney, Others Attract an Activist 'Swarm'
Instances in which companies attract more than one activist
investor are expected to grow.
Bloomberg Looks to Make More Documentaries, Talk Shows
The news publisher is launching climate, science and sports
shows on its rebranded streaming platform.
China EV Makers Jump in Hong Kong, Extending Wall Street Rally
Shares of Chinese electric car makers jumped in Hong Kong on
Wednesday, extending soaring overnight gains on Wall Street, driven
in part by expectations of recovering sales in the world's largest
Snap Warns of Sales Drop After Revenue Growth Stalls
Snapchat's parent company is struggling to revive growth amid
upheaval in digital advertising market.
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.
Mondelez Expects Fewer Price Increases This Year
The maker of Oreo cookies and Sour Patch Kids candy said it
doesn't plan to raise prices further in the U.S. if costs remain
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.
(END) Dow Jones Newswires
February 01, 2023 07:00 ET (12:00 GMT)
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