News Highlights: Top Company News of the Day - Thursday at 9 AM ET
12 January 2024 - 1:15AM
Dow Jones News
Boeing Stock Stabilizes on 737 MAX 9 Progress. Don't Expect the Plane to Fly Soon.
Alaska Air said Wednesday it will keep Boeing 737 MAX 9 planes
grounded through Saturday, which affects 110 to 150 flights a
day.
Amazon Misses EU Deadline for Concessions Over iRobot Deal
Amazon.com missed a deadline to offer remedies to the European
Union over its $1.7 billion acquisition of Roomba maker iRobot.
Chesapeake, Southwestern to Merge as New Gas Behemoth
The $7.4 billion all-stock transaction will create one of the
U.S.'s largest natural-gas producers and is the latest in a flurry
of energy deals.
Hertz cites weak demand, high damage costs in decision to downsize EV fleet
EV demand remains weak and collision and damage costs are
high.
Hewlett Packard Hopes Time Is on Its Side With Juniper
Tech deals are taking longer to close, which may give HPE time
to get investors on board with the acquisition.
Microsoft Stock Closer to Toppling Apple. Wall Street's Betting It Will Happen.
The battle is on for which tech giant is the most valuable
listed U.S. company.
Google Trims Hundreds of Jobs as It Marshalls Resources for AI
The cuts affect employees in divisions including hardware and
internal software tools.
Citigroup Taking Charges on Argentina, Russia and Its Restructuring
The bank's profit will be hit by $1.3 billion in reserves and
$780 million in severance charges.
KB Homes Reports Lower Revenue But Sees Demand Picking Up Ahead
KB Home's fourth-quarter home deliveries surpassed expectations,
but dropped 10% from a year ago. And the average home selling price
fell to $487,300, from $510,400 a year ago.
Seven & i to Acquire Most of Sunoco's Convenience Store, Gasoline Retail Businesses
Seven & i Holdings' U.S. subsidiary will acquire most of
Sunoco's convenience store and gasoline retail businesses for $950
million.
(END) Dow Jones Newswires
January 11, 2024 09:00 ET (14:00 GMT)
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