News Highlights: Top Company News of the Day
22 December 2023 - 9:15AM
Dow Jones News
Big Media Deals Aren't Living Up to the Hype
The chiefs of Warner Bros. Discovery and Paramount met this week
and discussed a potential merger. But results from such big deals
over the past decade haven't been impressive.
Bezos' Rocket Startup and Cerberus Compete to Buy SpaceX Rival
Blue Origin and Cerberus made buyout bids for a rocket-launch
venture owned by Boeing and Lockheed Martin.
Carnival Stock Is Rising on Record Revenue and Strong Demand
The cruise line posts a better-than-expected fiscal fourth
quarter, including highest-ever revenue for the period, and notes
bookings are strong.
IRS Offers Deal to Employers Who Regret Claiming Pandemic Tax Credit
The Internal Revenue Service will accept 80% repayment of the
employee retention tax credit, or ERC, in exchange for amnesty from
civil penalties.
CarMax Stock Is Soaring. Buybacks Resumed, and Earnings Beat.
Used-car retailer CarMax resumed stock repurchases after pausing
for a year. Third-quarter earnings topped views, but sales came in
light.
Paychex Stock Is Worst S&P 500 Performer After Mixed Earnings Report
Shares of the payroll services company are on track for their
worst day in more than three years.
Tesla Probed by Norwegian Roads Agency Over Suspension Failures
Tesla faces another potential recall after Norway's
traffic-safety regulator launched an inquiry into suspension
failures, the latest blow to hit the EV maker after it recalled 2
million vehicles earlier this month over problems with its
driver-assistance system.
Harbour Energy Buys Wintershall Dea Upstream Assets for $11.2 Billion
Harbour Energy said it would buy most of the upstream assets of
oil-and-gas producer Wintershall Dea for $11.2 billion from its
shareholders BASF and LetterOne.
Why Peacock Is Giving Fans a Taste of the NFL Without Commercials
The streamer is expecting a lot of new viewers and wants to give
them an experience that will persuade them to become paying
subscribers.
Wells Fargo Workers in Albuquerque Vote to Form Union, a First for a Megabank
Workers voted 5-3 in favor of unionizing, and those in other
branches have said they intend to hold votes. An Alaska branch is
expected to vote Thursday.
(END) Dow Jones Newswires
December 21, 2023 17:00 ET (22:00 GMT)
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