McKinsey's Leader Survives, but Voting Reveals Cracks at Elite Consulting Firm 

Top partner Bob Sternfels has survived a protest vote to keep his job, highlighting fissures in an unusual management structure.

Barbie Owner Mattel Draws Activist Seeking Changes at Toy Maker 

Activist investor Barington Capital wants the company to consider strategic alternatives for its American Girl dolls and Fisher-Price toys.

Apple Sales Rise in Holiday Quarter, Ending Streak of Declines 

Revenue for the crucial iPhone business grew nearly 6%, even as China sales continue to be a concern for investors.

Amazon Profit Surges on Strong Holiday Shopping 

The e-commerce company extended a rebound as its cloud-computing arm also performed well.

Facebook Parent Meta Initiates Dividend as Growth Continues 

The company's sales increased to $40.11 billion in the three months through December, up 25% compared with the year-earlier period.

Growth in Cloud Spending Reflects Early-Stage AI Efforts 

Tech giants this week reported a marked increase in cloud revenue due to AI services. CIOs say that is mainly from exploratory efforts.

Intel Delays $20 Billion Ohio Project, Citing Slow Chip Market 

Construction on two factories now is slated to be finished in late 2026 as the company also waits for government incentives.

Ad Agency Publicis Health to Pay $350 Million Over Opioid Marketing 

New York's attorney general says Publicis is the first advertising agency to settle claims it contributed to fueling the opioid crisis.

Union Says Strike Against Anheuser-Busch Appears Unavoidable 

The International Brotherhood of Teamsters said its negotiations with the Bud Light brewer have hit a snag and that the 5,000 workers it represents will strike come March unless progress is made.

Zoom to Cut About 2% of Workforce in Latest Tech Layoff 

Zoom Video Communications will cut almost 2% of staff, the latest in a string of tech-industry layoffs in recent weeks.

(END) Dow Jones Newswires

02-01-24 2115ET