Micron Stock Rises on Earnings. The Chip Maker Predicts AI Will Drive Record Demand for Memory. 
 

For the current quarter, the company offered a revenue forecast of $5.3 billion at the midpoint of its range

 
Toyota Motor to Recall 1 Million Toyota, Lexus Models Over Airbag-Related Sensor 
 

The automaker said six Toyota models and five Lexis models from 2020 to 2022 are included in the recall.

 
Southwest Airlines Pilots Strike Tentative Deal for 50% Pay Raise 
 

Southwest is the last of the four biggest U.S. carriers to negotiate a new contract with its pilots; members set to vote on the deal in January

 
ADT Names Jeff Likosar as Interim Financial Chief 
 

ADT named Jeff Likosar as interim finance chief after current financial chief Ken Porpora stepped down.

 
GM Buys Out Half of Its Buick Dealers 
 

Those leaving the network chose not to sell electric vehicles; about 1,000 Buick dealers remain.

 
General Mills Cuts Sales Guidance. Consumers Keep Showing 'Value-Seeking Behaviors.' 
 

The maker of Cheerios beats quarterly earnings estimates but falls short on sales.

 
Winnebago's Sales and Earnings Fall. The RV Industry Has Yet to Recover. 
 

Winnebago reports fiscal first-quarter earnings of $1.06 a share on revenue of $763 million. Analysts expected earnings of $1.18 a share on revenue of $724 million.

 
Bird Electric Scooter Company Files for Bankruptcy After 2021 SPAC 
 

The vehicle-rental provider was valued at $2.5 billion in 2019.

 
Her Brand Had $100 Million Ambitions. Now It's Being Sold in a Fire Sale. 
 

Something Navy, the clothing line built around fashion influencer Arielle Charnas, is being acquired after a year of store closures and mounting debt.

 
Rite Aid Banned From Using AI Facial Recognition in FTC Settlement 
 

Rite Aid has been banned from using facial-recognition technology for surveillance purposes for five years as part of a settlement with the Federal Trade Commission.

(END) Dow Jones Newswires

December 20, 2023 17:15 ET (22:15 GMT)