Samsung Posts Weakest Earnings in Over a Decade

The South Korean tech giant's net profit fell 73% in the fourth quarter, leading to weak earnings for 2023. 


 
Universal Music Group Poised to Stop Licensing Music to TikTok

Universal's current contract with the social-media app is set to expire Wednesday, and no new agreement has been reached. 


 
Elon Musk's $55.8 Billion Tesla Pay Package Struck Down by Judge

The Delaware judge cited Musk's "extensive ties" with directors who determined his most recent pay deal, which shareholders approved in 2018. 


 
The Companies Calling Workers Back to the Office Five Days a Week

UPS, Boeing and other employers are insisting on full-time attendance as some bosses lose patience with remote work. 


 
Walmart Announces 3-for-1 Stock Split

The retail giant said it will conduct the stock split to make shares affordable for purchase by its associates. 


 
Oreo-maker Mondelez calls for slower growth this year

Global snacks giant Mondelez International Inc. late Tuesday called for slower growth this year, hedging that its outlook comes amid "greater-than-usual volatility as a result of geopolitical uncertainty." 


 
Google's Ad Sales Fall Short of Wall Street's Lofty Expectations

The miss sent shares tumbling despite strong growth in other areas of the search giant's business. 


 
Microsoft Earnings Jump as AI Demand Boosts Cloud Unit

The company posted $21.9 billion in net income for the December quarter, a 33% gain and the strongest profit growth in more than two years. 


 
PayPal to Cut Global Workforce by 9% as Part of Turnaround Plan

The digital payments company's head-count reduction comes on top of a prior round of layoffs of 7% last year and will be made through direct cuts and the elimination of open roles. 


 
Starbucks Sales Lose Steam as U.S., Chinese Competitors Offer Discounts

The company's quarterly revenue hits a record, but below analysts' projections. CEO Laxman Narasimhan says the brand remains strong.


(END) Dow Jones Newswires

01-30-24 2315ET