Big Tech Didn't Quite Clear the Bar 
 

Results from Apple, Amazon and Google proved to be disappointing and indicate that a tough year is still ahead for the tech giants.

 
Activist Investor Nelson Peltz Steps Up Pressure on Disney Board 
 

Mr. Peltz's open letter calls for the removal of a director and criticizes the pay given to executives like CEO Bob Iger, who has realized $1.1 billion in total compensation since 2007.

 
Ryan Cohen Buys Nordstrom Stake 
 

The activist investor plans to urge Nordstrom to refresh its board and replace the former CEO of Bed Bath & Beyond as a director.

 
Adani Group Selloff Deepens 
 

Shares in Adani Group companies fell further Friday, extending a weeklong selloff that has wiped out more than $100 billion in market value and forced its flagship business to cancel a share sale.

 
Ford Posts $1.3 Billion Profit in Fourth Quarter, Misses Full-Year Profit Guidance 
 

Supply-chain disruptions slowed production at the car maker and caused it to miss its annual goal.

 
Starbucks Reports Record Quarterly Revenue 
 

The coffee giant missed profit expectations and noted inflationary challenges.

 
Qualcomm Posts 12% Drop in Sales 
 

The designer of mobile-phone chips gave a muted outlook as it posted a 12% drop in sales, reflecting softness in the global smartphone market.

 
Meta Platforms Shares Surge on Cost Cuts, Stock Buyback 
 

The stock is on pace for its largest percent increase since July 2013, when it rose nearly 30%.

 
Google Parent Alphabet Posts Drop in Ad Revenue Amid Slowdown 
 

CEO Sundar Pichai said the search giant would release some AI models in coming months as the technology hits an "inflection point."

 
McDonald's Ruling Shifts Oversight Liability Focus to Corporate Officers 
 

A derivative lawsuit in Delaware seeks to hold the company's directors and officers liable for failing to sufficiently intervene in a sexual-harassment scandal. It is the latest in a growing number of such claims.

(END) Dow Jones Newswires

February 03, 2023 03:15 ET (08:15 GMT)