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News Highlights: Top company news of the day

Dow Jones Newswires ·  Jan 15, 2022 08:15

Netflix Raises Prices on U.S., Canada Plans

The streaming platform's standard plan for U.S. users now costs $15.49 a month, up from $13.99.$Netflix(NFLX.US)$

Ex-Owner of Ann Taylor Has Bankruptcy Plan Voided Over Legal Protections

A federal judge in Virginia rejected a debt-repayment plan for the former owner of Ann Taylor, Lane Bryant and other brands, voiding the broad legal protections bestowed on its former top executives.

AT&T, Dish Spend Billions on Spectrum for 5G Services

The Federal Communications Commission's most recent auction of wireless spectrum licenses will require military cooperation.$AT&T(T.US)$

Boeing Engineer Who Oversaw 737 MAX Design to Retire

Michael Teal, who was the chief project engineer during the 737 MAX's development, is stepping down on April 1 after 35 years at the aerospace giant.$Boeing(BA.US)$

Walmart Shuffles Executives, Names New Merchandising Chief

The retailer is shuffling its executive ranks after the holiday season, with its chief merchandising officer retiring and its chief customer officer leaving the company.$Walmart(WMT.US)$

Pandemic Profits Begin to Ebb at America's Biggest Banks

$JPMorgan(JPM.US)$ earned a record $48.3 billion in 2021, but profit in the fourth quarter fell 14% as some of the forces that pushed bank results higher have started to weaken.

Wells Fargo's Quarterly Profit Soars 86%

The bank's revenue rose 13%, beating expectations. It also released money it had set aside for pandemic loan losses.$Wells Fargo & Co(WFC.US)$

Village Roadshow, Producer on 'Joker' and 'The Matrix,' Explores Strategic Options

The film-and-TV producer and financier has tapped investment bank PJT to explore a variety of options and has considered a sale.

Google Misled Publishers and Advertisers, Unredacted Suit Alleges

$Alphabet-A(GOOGL.US)$misled publishers and advertisers for years about the pricing and processes of its ad auctions, creating programs that deflated sales for some companies while increasing prices for buyers, according to newly unredacted allegations in a lawsuit filed by states.

Howard and Grazer's Imagine Entertainment in Talks to Sell Stake

London-based Centricus is in talks to purchase more than 70% of Imagine, known for movies such as "Apollo 13" and "Cinderella Man."

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