Meta Stock Rises After Posting Upbeat Outlook for Coming Year 
 

The social-media giant, which saw its third consecutive quarter of declining sales, said its costs are set to decline and its global users increased.

 
Amazon Cited for Hazards at Three Additional Warehouses 
 

Labor Department review of workplace practices at Amazon warehouses has resulted in six citations for the tech giant.

 
Airbus Revives Order From Qatar Airways Following Paint Dispute 
 

Airbus agreed to revive orders for close to 75 aircraft from Qatar Airways after reaching a settlement with the Middle East airline over a dispute about chipping paint on its A350 wide-body models.

 
FTC Loses Antitrust Challenge to Facebook Parent Meta 
 

A federal judge declined to halt Meta's acquisition of the virtual-reality startup Within Unlimited, delivering a setback to antitrust enforcers at the Federal Trade Commission seeking to block the deal.

 
Military Chip Maker Mercury Systems Up For Sale 
 

Shortages have crimped weapons production while the Pentagon looks to reduce reliance on imports from Asia.

 
FedEx Is Laying Off More Than 10% of Management Ranks 
 

The company is reducing the size of its officer and director ranks and consolidating some teams and functions as it faces a shipping slowdown.

 
Match Group is laying off 8% of its workforce 
 

Match Group Inc. plans to cut its employee base by 8%, the online-dating company disclosed on its earnings call Wednesday.

 
Peloton Narrows Losses as Sales Fall Less Than Forecast 
 

The maker of connected fitness equipment reported a 30% drop in quarterly sales, though it reduced the amount of cash being burned by its operations.

 
BP 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.

 
Marlboro Maker's Sales Fall as Smokers Switch to Cheaper Cigarettes 
 

Altria Group said cigarette sales volume declined 12% and low-cost brands picked up market share on Marlboro.

(END) Dow Jones Newswires

February 01, 2023 19:15 ET (00:15 GMT)