News Highlights: Top Company News of the Day - Tuesday at 3 PM ET
10 January 2024 - 7:30AM
Dow Jones News
Alaska Airlines Blowout Reveals Cockpit Door Vulnerability on Boeing Jet
The door was designed to open during a decompression incident
but the plane's manual didn't say so. Many experts didn't know
either.
X Introduces Shows With Don Lemon, Tulsi Gabbard, Jim Rome Amid Video Push
Platform CEO Linda Yaccarino is drawing on her TV roots to try
to turn around the business.
Rite Aid Approved to Sell Elixir Business for $575 Million
Bankrupt drugstore chain sells its pharmacy-benefit manager
business to a strategic buyer.
Rent the Runway to Cut About 10% of Corporate Jobs, Lose Operating Chief
The fashion subscription company has established another
restructuring plan that includes cutting about 10% of its corporate
roles, or 37 employees.
Volkswagen, BMW Sales Jump But Industry Foresees Bumpier Roads
Volkswagen and BMW sales rose last year but analysts predict a
tougher road ahead for the European car industry.
Accenture Acquires Marketing and Tech Agency Work & Co.
Accenture Song, the creative services division of consulting
giant Accenture, has struck a deal to acquire Work & Co., a
digital design and technology agency.
Tinder Owner Match Draws Elliott Investment
The activist has a roughly $1 billion stake and intends to meet
with Match to discuss ways to improve the online dating company's
performance.
Microsoft's OpenAI Investment Could Face EU Probe
The EU is considering whether to launch a review of Microsoft's
investment in ChatGPT maker OpenAI under the bloc's merger
regulations, a month after the U.K. said it was also considering
whether the tech partnership could have an impact on
competition.
SandboxAQ Buys Good Chemistry, Melding AI and Quantum Tech for Drug Discovery
The deal, worth around $75 million, highlights growing
commercial demand for new ways of simulating and designing drugs as
well as developing new materials.
As Retailers Cite Rising Theft and Shrinkage, Analysts Want More Details
Retailers say a surge in theft has hurt their bottom lines, but
investors and analysts are looking for more specifics in coming
financial reports.
(END) Dow Jones Newswires
January 09, 2024 15:15 ET (20:15 GMT)
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