An activist investor wants Peloton Interactive to fire its chief executive and explore a sale after the stationary-bike maker's stock plummeted more than 80% from its high, as growth slowed, The Wall Street Journal's Cara Lombardo reports. Blackwells Capital LLC has a significant stake of less than 5% in Peloton and is preparing to push the company's board to fire CEO John Foley and pursue a sale, according to people familiar with the matter. It believes Peloton could be an attractive acquisition target for larger technology or fitness-oriented companies, the people said. Reference Link

Wynn Resorts is looking to unload its online sports-betting business at a steep discount as the fledgling niche faces painful losses from stiff taxes and costly promotions needed to lure customers, New York Post's Josh Kosman reports. The Las Vegas-based casino giant is quietly shopping its Wynn Interactive unit - operator of the WynnBet online gaming app - and has slashed the asking price to $500 million after floating a $3 billion valuation less than a year ago, a source close to the situation told The Post. Reference Link

After relocating to Zurich last spring to run Credit Suisse as chairman, Antonio Horta-Osorio flew to London and Lisbon for work meetings and business events, then spent time with his family at homes there, The Wall Street Journal's Margot Patrick and Emily Glazer report. On multiple occasions, a private plane paid for by Credit Suisse dropped him off on a Thursday and returned empty to Switzerland, according to people familiar with the travel. By Monday, a plane picked Horta-Osorio up for work in Zurich. The empty flights were identified in a company review of his travel, which also identified Covid-19 quarantine breaches in Switzerland and the U.K., the authors note. The travel review became fodder for Credit Suisse officials who pushed for Horta-Osorio's departure, and caused his fellow board members to refuse to back him, people familiar with the board said. The bank announced his resignation earlier this week. Reference Link

Lufthansa is in talks to buy 40% stake in state-owned Alitalia's successor ITA Airways, according to Reuters, citing two people familiar with the negotiations. The talks about a tie-up between Germany's partly state-owned Lufthansa and ITA Airways are still ongoing with all outcomes possible, one of the sources said on condition of anonymity, adding the stake price was still under negotiation. The second source said Lufthansa and ITA were in talks over a 40% stake sale, but it could take longer than a few days to reach a comprehensive deal, the report notes. Reference Link

Vodafone (VOD) and Iliad are in talks to strike a deal in Italy that would combine their respective businesses in a bid to end cut-throat competition in the euro zone's third-biggest economy, Reuters' Pamela Barbaglia and Elvira Pollina report, citing people familiar with the matter. Discussions between the two companies are ongoing and both parties are actively studying ways to clinch a tie-up of their respective businesses in Italy, the sources said. Iliad, which will make its wireline broadband debut in Italy on Jan. 25, is working with investment bank Lazard (LAZ) on its strategic plans in Italy, one of the sources said. Reference Link

Renault (RNLSY), Nissan (NSANY) and Mitsubishi (MMTOF) plan to triple their investment to jointly develop electric vehicles, Reuters' Norihiko Shirouzu reports, citing two people familiar with the matter. As established automakers face pressure from new competitors and an expected shift in demand toward EVs, the French-Japanese alliance is seeking to deepen cooperation, the report notes. The three are expected to announce on Thursday a plan to invest more than $23 billion over the next five years on EV development, the sources said. By 2030, the alliance is expected to come up with more than 30 new battery EVs underpinned by five common platforms, they said. Reference Link

Vodafone Group (VOD) has recently explored a potential purchase of Three UK from CK Hutchison (CKHUY), Bloomberg's Ruth David and Vinicy Chan report, citing people familiar with the matter. Vodafone expressed interest late last year in acquiring its smaller rival, according to the people. The approach didn't lead to an agreement, and it isn't currently in active negotiations with CK Hutchison, the sources said. Reference Link

Key Apple (AAPL) iPhone assembler Hon Hai Precision (HNHPF) may achieve an "unprecedented" performance in the first quarter, Bloomberg's Debby Wu reports, citing Chairman Young Liu. "Our performance in the first quarter may surpass how we did in the past few years, and it is likely that some staff at key sites will only get two days off during the lunar new year holidays," Liu said in prepared remarks for the company's annual party on Sunday. Reference Link