Wall Street Journal
Commercial News
1/22/21
WSJ.com: US Business
Intel to Outsource More Production The chip maker, which is reviewing its production strategy, reported a slight drop in earnings for 2020, but sales hit a record high of $77.9 billion. Biden Moves to Set Covid-19 Workplace-Safety Rules The president is pursuing an emergency temporary standard that would set requirements for employers, a step up from the Trump administration?s voluntary guidance. Google Escalates Dispute With Australia by Threatening Search Shutdown Google said it would have no real choice but to shut down its search engine in Australia if a proposed law requiring tech giants to pay publishers for news isn?t changed. IBM Pledges to Return to Growth in 2021 International Business Machines expects to return to revenue growth this year after reporting a 4.6% decline in 2020 as corporate customers? focused on preserving cash during the coronavirus pandemic. Want to Be a Hollywood Player? Covid and Streaming Have Changed All the Rules Movie studios have quickly embraced streaming in the pandemic, and that?s shaking up who?s in charge, how contracts are set up and how stars get paid. Jobless Claims Remained Elevated Last Week About 900,000 workers filed for unemployment benefits last week as the labor market struggles to recover this winter. Buttigieg Pledges to Support Biden's $2 Trillion Infrastructure Plan President Biden?s nominee to lead the Transportation Department told a Senate panel that he would pursue the administration?s goals to drive federal spending on roads, rails and bridges. |