News Highlights: Top Company News of the Day
26 January 2022 - 7:30AM
Dow Jones News
3M's N95 Mask Sales Climb, Lifting Revenue as Omicron Drives Demand
The manufacturer says new government guidance raised awareness
of the product to help fight the Covid-19 variant's spread.
Warren Buffett's Berkshire Hathaway Will Host Annual Meeting in Person
The conglomerate's annual shareholder meeting, which
pre-pandemic would regularly bring tens of thousands of people
together in Omaha, Neb., will be held in person for the first time
since 2019.
FTC Sues to Block Lockheed Martin Acquisition of Aerojet Rocketdyne
The Federal Trade Commission says the proposed $4.4 billion
purchase would allow the defense giant to control access to parts
needed to build missile engines.
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.
AmEx Has Runway as Travel Recovers
After benefitting from more online at-home spending, a big
resumption of travel-and-entertainment would be an upside for
American Express.
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.
GM Plans Multibillion-Dollar EV Push With Michigan Plants
The Detroit auto maker doubles down on electric-truck production
and plans an battery-cell factory with LG Energy Solution, creating
4,000 new jobs in the Great Lakes state.
Casino Operator Bally's Shares Jump on Standard General Buyout Offer
The stock soars more than 20% after Standard General offers to
buy the shares it doesn't already own in a deal that values the
company at $2.07 billion.
Kroger Workers Approve New Contract After Nine-Day Strike
More than 8,000 unionized workers ratify a contract that gives
them wage increases and better healthcare and pension benefits.
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.
(END) Dow Jones Newswires
January 25, 2022 15:15 ET (20:15 GMT)
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