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News Highlights: Top company news of the day

Dow Jones Newswires ·  Feb 8, 2022 22:38

Lyft's Revenue Jumps 70% as Higher Fares Offset Fewer Riders

The ride-hailing company said the Omicron surge will likely affect revenue growth in the first quarter.$Lyft Inc(LYFT.US)$

Chipotle CEO Says Another Menu-Price Increase Likely

The burrito chain said it raised prices again, a moved that helped boost sales in recent months, and is likely to increase them further as it looks to build hundreds more stores this year.$Chipotle Mexican Grill(CMG.US)$

KKR Looks for Around $2 Billion for Portfolio Company Internet Brands

KKR & Co. is seeking to raise up to $2 billion for a secondary single-asset deal that would give the asset manager more capital and time to support portfolio company Internet Brands.$KKR & Co(KKR.US)$

CBA's First-Half Net Profit Up 21%; Unveils A$2 Billion Buyback

Commonwealth Bank of Australia posted a 21% rise in half-year net profit as it unveiled a A$2 billion on-market share buyback.

Omnicom Gets Boost From Helping Marketers Reach Consumers Directly

$Omnicom Group(OMC.US)$ said its precision marketing group, which helps its clients reach consumers directly through digital platforms, underpinned revenue gains in the fourth quarter and in 2021 as a whole.

Australian Company to Build EV Charging-Station Factory in Tennessee

The factory announcement is one in a series of developments that the White House said is taking place to support the build-out of a national network of charging stations for electric vehicles.

Apple Will Let Businesses Use iPhones to Take Customer Payments

Payment processor Stripe will be the first platform to offer the feature to its customers, which include $Shopify(SHOP.US)$'s point-of-sale app.$Apple(AAPL.US)$

Peloton CEO to Step Down, Company to Cut 2,800 Jobs

The once-hot bike maker named former $Spotify Technology(SPOT.US)$ CFO Barry McCarthy to succeed John Foley and overhauled its board after a slowdown in demand caused its value to plummet.$Peloton Interactive(PTON.US)$

Pfizer Forecasts $54 Billion in 2022 Sales From Covid Vaccine, Treatment

The drugmaker is on the hunt for deals to bolster its pipeline of experimental products as it forecast strong sales of its Covid-19 vaccine and treatment.$Pfizer(PFE.US)$

Harley-Davidson Stock Surges on Surprise Fourth-Quarter Earnings

The motorcycle company earned an adjusted 15 cents a share in the fourth quarter. Analysts forecast a loss of 34 cents.

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