News Highlights: Top Company News of the Day
26 January 2022 - 3:30AM
Dow Jones News
Kroger Workers Approve New Contract After Nine-Day Strike
More than 8,000 unionized workers ratified a contract that gives
them wage increases and better benefits, another win by employees
as companies struggle with staffing.
GE's Sales Decline 3%, Hit by Supply-Chain Woes
The conglomerate projected a return to sales growth this year as
its aviation business begins to recover.
AMC in Advanced Talks to Refinance Debt as Meme-Stock Luster Fades
Shares and bonds of AMC Entertainment have sunk this year,
reversing most of their gains since the cinema chain became a
meme-stock favorite and coming as the company steps up efforts to
ink a refinancing deal.
Johnson & Johnson Posts Higher Quarterly Sales Despite Some Pandemic-Related Pains
The health company finished 2021 with its strongest quarter to
date for Covid-19 vaccine sales, contributing to year-over-year
revenue growth across its operations as it prepares to separate its
consumer-health division.
Google Overhauls Cookie Replacement Plan After Privacy Critiques
The Alphabet unit's new proposal aims to give marketers
less-granular information about web users than under its initial
proposal, with implications for rivals and marketers.
Verizon's Profit Inches Up After TracFone Takeover
The largest mobile network operator in terms of subscribers
added 553,000 postpaid phone connections in the December
quarter.
Experian to Allow Consumers to Create Their Own Credit Reports
Millions of consumers don't have reports and are shut off from
affordable lending.
Raytheon Stock Falls as Fourth-Quarter Revenue and Outlook Miss Forecasts
The defense company's outlook for 2022 came in below analysts'
forecasts.
American Express Boosts Forecasts as Credit Card Spending Sets Record
For the full year, American Express expects to generate revenue
growth in the range of 18% to 20% and earnings per share of $9.25
to $9.65.
Elon Musk Urges McDonald's to Accept Dogecoin for Payment
The Tesla CEO tweeted that he would eat a Happy Meal on TV if
the fast-food giant began accepting the cryptocurrency.
(END) Dow Jones Newswires
January 25, 2022 11:15 ET (16:15 GMT)
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