Apple to Halt Watch Sales as It Prepares to Comply With U.S. Import Ban 
 

The ban stems from a federal trade ruling over a blood-oxygen sensor on some versions of the device.

 
Amazon in Talks to Invest in Diamond Sports 
 

The e-commerce giant would partner with Diamond on streaming as part of a deal under discussion.

 
Adobe Scraps $20 Billion Acquisition of Figma 
 

Adobe has called off its planned $20 billion acquisition of the collaboration-software company Figma, weeks after a U.K. regulator warned that the deal would likely harm innovation.

 
Nippon Steel to Acquire U.S. Steel for $14.1 Billion 
 

The deal would combine steel giants in America and Japan. Shares of U.S. Steel surged on the announcement.

 
Trevor Milton Gets Four Years in Prison for Deceptions on Zero-Emission Trucks 
 

The Nikola founder was convicted on several fraud charges last year. Witnesses testified that he lied to ordinary investors about nearly every aspect of the company.

 
Musk's X Faces Probe in Europe Over Handling of Illegal Content, Disinformation 
 

The investigation is the first test of the EU's new online-content law and comes amid heightened scrutiny over social-media content related to the conflict in Israel and Gaza.

 
The Suez Canal Becomes a New Front in Israel-Hamas Conflict 
 

Oil giant BP has joined cargo shipowners in diverting vessels from the critical Middle East route after attacks by Yemen's Houthi rebels.

 
IBM to Buy Assets From Germany's Software 
 

IBM said it will buy Software's webMethods and StreamSets divisions for $2.3 billion.

 
Southwest Hit With $140 Million Penalty for 2022 Holiday Meltdown as It Prepares for Next Christmas Weekend 
 

'It will never happen again. I promise you that,' Chief Executive Bob Jordan said.

 
Vans, North Face Parent VF Warns Cyberattack May Snarl Holiday Deliveries 
 

Apparel and footwear maker VF said Monday a ransomware attack on its computer systems could materially affect its ability to fulfill customer orders, less than one week from Christmas Day.

(END) Dow Jones Newswires

December 18, 2023 17:15 ET (22:15 GMT)