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News Highlights: Top Company News of the Day

01/25/2022 | 07:16pm EDT
Canadian National Railway Names New CEO, Averts Proxy Fight 

The railroad operator selects Tracy Robinson, and U.K.-based activist investor TCI Fund Management Ltd. agrees to drop its proxy effort.

Microsoft Earnings, Revenue Show Strong Growth 

The software giant's cloud business has benefited as the pandemic has forced people to work remotely.

Companies Prepare for Fallout From Cyberattacks Against Ukraine 

Businesses including utilities, manufacturers and financial-services companies are bracing for potential spillover from cyberattacks against Ukraine, as U.S. officials warn of Russia-linked hacks that could ripple outward.

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.

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.

(END) Dow Jones Newswires

01-25-22 1915ET

Stocks mentioned in the article
ChangeLast1st jan.
AEROJET ROCKETDYNE HOLDINGS, INC. 0.20% 40.1 Delayed Quote.-14.35%
AMERICAN EXPRESS COMPANY -2.63% 154.69 Delayed Quote.-6.33%
BERKSHIRE HATHAWAY INC. -0.78% 460878.76 Delayed Quote.3.07%
CANADIAN NATIONAL RAILWAY COMPANY -1.08% 141.6 Delayed Quote.-7.81%
LOCKHEED MARTIN CORPORATION 1.57% 439.275 Delayed Quote.21.84%
MCDONALD'S CORPORATION 2.63% 244.24 Delayed Quote.-11.22%
MICROSOFT CORPORATION -0.88% 258.0891 Delayed Quote.-22.50%
RIPPLE (XRP/BTC) -0.07%End-of-day quote.-21.94%
RIPPLE (XRP/EUR) -5.09% 0.3785 End-of-day quote.-49.43%
RIPPLE (XRP/USD) -4.06% 0.4044 End-of-day quote.-52.43%
TESLA, INC. -6.36% 631.6302 Delayed Quote.-36.14%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -2.78% 56.95 Delayed Quote.-18.81%
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