News Highlights: Top Company News of the Day
Apple's stock flirts with best day in four months as analyst explains why bears should show caution
"Sentiment and positioning are both so one-sidedly negative"
that positive iPhone demand signals could lift stock "quickly
higher," says Mizuho.
Talks Resume in Detroit Amid Threat of Expanding Strike
Wages remain focal point, and investors already are sizing up
the potential hits to the automakers' bottom lines.
Nikola Stock Soars 32% After Announcing New COO
The electric truck start-up appointed Mary Chan to the position.
She previously held roles at GM and Dell.
Tesla, Saudi Arabia in Early Talks for EV Factory
The kingdom is trying to boost foreign investment but has a
contentious history with Elon Musk.
Instacart Starts Trading Tuesday. Valuation Is Key.
Confidence in the gig economy combined with the success of
advertising will help decide the grocery-delivery company's future
as it goes public.
CEO of Naspers and Prosus Steps Down
Bob van Dijk's departure ends a near decadelong tenure that saw
the company wrestle with the complications stemming from its
multibillion-dollar stake in Tencent.
Clorox Says Cyberattack Hurt Product Availability, Will Weigh on Quarter
The bleach and cleaning-wipe maker said that it believes the
cyberattack is now contained but that it will cause a material
impact to current-quarter financial results.
Arm IPO Excites Wall Street, but Challenges Loom
The British supplier of designs for chips, long seen as the
industry's Switzerland, is challenged with growing beyond its
dominance in mobile phones without upsetting existing
Martin Sorrell's S4 Capital Lowers Expectations, Citing 'Challenging' Macro Backdrop
The company has cut about 500 jobs over the past year, with
plans for more cost control "given the current market conditions,"
China's Moutai Wants to Satisfy All Your Cravings
The company is diversifying from liquor into chocolates and
other goodies. The new offerings might not stick, but its core
brand is so valuable that may not matter.
(END) Dow Jones Newswires
September 18, 2023 17:15 ET (21:15 GMT)
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