Goldman CEO David Solomon Takes $10 Million Pay Cut for 1MDB Scandal
His 2020 pay was slashed by 36%, punishment for the bank's admission last year that it broke U.S. laws in its dealings with an investment fund.
Sheldon Adelson's Casino Empire Installs New Leadership
Rob Goldstein, a deputy to the gambling magnate, was appointed chief executive. Patrick Dumont, Mr. Adelson's son-in-law, was named president.
Walgreens to Name Starbucks Executive Roz Brewer as CEO
The Starbucks operating chief would be the only Black female leading a Fortune 500 company today.
Microsoft Cloud, Videogaming Help Fuel Record Sales
The software giant's profit and sales jumped, propelled by pandemic-fueled demand for videogaming and accelerated adoption of its cloud-computing services.
Starbucks Notches Improved Sales, Says COO Will Exit
Roz Brewer was focused on diversifying the coffee giant's staff.
Trucker TFI International Aims to Boost Margins at UPS Freight
TFI International plans to spend $50 million to $75 million to upgrade the UPS Freight fleet and renegotiate prices for the carrier's shipping customers.
Verizon Internet Outage Disrupts Usage in Northeast
A midday network slowdown marred service around New York, Philadelphia and Washington, D.C.
GE Reports Surge in Year-End Cash Flow
The boost in cash came from orders in its power and renewables divisions, along with improved financial efficiency.
LVMH Gets Boost From Vuitton, Dior
Surging revenue at the big fashion brands bolstered the luxury-goods company's results, offsetting other businesses such as Champagne.
Commerce Nominee Pledges Tough China Stance
Rhode Island Gov. Gina Raimondo was less forthcoming in Senate hearings about the Biden administration's stance on the blacklisting of Huawei Technologies.
(END) Dow Jones Newswires
01-26-21 1915ET
