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News Highlights: Top Company News of the Day

01/20/2022 | 07:16pm EDT
Netflix Shares Sink as Company Sees Subscriber Growth Slowing 

Netflix said it expects to add a much smaller number of subscribers this quarter than it did a year ago as it adjusts to growing competition and lasting disruptions from the coronavirus pandemic, sending the video streamer's shares down sharply.

Rio Tinto Reviewing Serbia's Move to Revoke Lithium Project Licenses 

Rio Tinto said it was reviewing the legal basis and implications of a decision by Serbia's government to revoke licenses for the mining company's lithium project.

TikTok Is Testing a Paid Subscription Model 

The buzzy video-sharing app said it is testing a subscription service, a concept that could allow creators to charge people to view their content.

Bonuses Are Up on Wall Street, but Not the Mood 

Pay rose twice as fast as revenue at Wall Street's biggest banks for a year that generated widespread burnout among staff.

Jamie Dimon Gets $3 Million Raise to $34.5 Million for 2021 

The nation's biggest bank reported $48.3 billion in net income last year, a third more than the old record.

Whitehaven Cuts Fiscal-Year Coal Output Estimate Amid Heavy Rain, Pandemic 

Whitehaven Coal said it will likely produce less coal than expected this fiscal year because of disruptions from heavy rainfall and the Covid-19 pandemic.

Discount Tire's Tech Revamp Positions It for Shift to EVs, CIO Says 

New IT system will provide greater visibility about the regions where demand for electric-vehicle tires is highest, says CIO Gary Desai

Union Pacific Says Covid-19 Left Railroad Understaffed 

CEO Lance Fritz says the company underestimated the loss of manpower as the Omicron variant spread.

Merrick Garland to Meet With Boeing Crash Victims' Families 

The attorney general plans to speak with relatives of those killed in two 737 MAX crashes who say prosecutors should have conferred with them before striking a $2.5 billion settlement with the plane maker.

Senate Panel Approves Antitrust Bill Restricting Big Tech Platforms 

Apple, Amazon and Google say the bipartisan legislation barring tech platforms from favoring their own products could disrupt popular services for businesses and consumers.

(END) Dow Jones Newswires

01-20-22 1915ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -5.41% 2109.01 Delayed Quote.-23.03%
APPLE INC. -2.41% 139.58 Delayed Quote.-19.41%
JPMORGAN CHASE & CO. 1.08% 125.935 Delayed Quote.-25.90%
NETFLIX, INC. -3.73% 180.4 Delayed Quote.-68.89%
RIO TINTO PLC -0.38% 5541 Delayed Quote.13.70%
S&P 500 -1.13% 3929.48 Real-time Quote.-16.63%
THE BOEING COMPANY -4.05% 118.9687 Delayed Quote.-40.05%
UNION PACIFIC CORPORATION -0.44% 215.89 Delayed Quote.-15.22%
WHITEHAVEN COAL LIMITED 0.97% 5.2 Delayed Quote.97.32%
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