News Highlights: Top Company News of the Day - Sunday at 9 PM ET
15 January 2024 - 1:15PM
Dow Jones News
Chevy Blazer Troubles Add to GM's EV Growing Pains
General Motors halted sales of the new SUV, citing software
problems. The automaker also has had issues with its other new
electric vehicles.
Renting Clothes Was Supposed to Be the Future of Fashion. Then Shoppers Got Bored.
Rent the Runway and Stitch Fix are adapting their business
models to retain consumers as needs and tastes have changed.
Biggest U.S. Renewable Project Under Way, Finally
The sluggish timeline for a New Mexico wind and power
transmission project is a problem for the Biden administration as
it seeks 100% clean electricity by 2035.
The CEO Who Gave 60,000 Employees His Cellphone Number
In his quest to transform Adidas, Bjørn Gulden is pushing staff
at the sneaker and apparel maker to break rules and ignore
consultants.
'This Has Been Going on for Years.' Inside Boeing's Manufacturing Mess.
Outsourcing worried engineers and sparked battles over quality
before a door plug blew out on an Alaska Airlines plane
midflight.
Citigroup Plans to Cut 20,000 Jobs
The reductions will amount to about 10% of the bank's workforce,
excluding a Mexico business, marking the next phase of its most
dramatic restructuring plan in decades.
Americans' Finances Defied the Skeptics, Bank Earnings Show
JPMorgan, Bank of America, Wells Fargo and Citigroup together
earned $104 billion in 2023, up 11% from a year earlier.
UnitedHealth's stock suffers biggest drop in 7 months as costs disappoint
Shares of UnitedHealth Group Inc. slumped Friday, after the
health insurer reported a jump in medical costs relative to revenue
in the fourth quarter, but earnings that continued to beat
forecasts.
Delta CEO highlights 'testy' geopolitical environment behind lowered earnings guidance
For 2024, Delta expects earnings of $6 to $7 a share, below the
target of over $7 a share the company outlined at an investor day
in December 2022.
BlackRock to Buy Infrastructure Firm for $12.5 Billion
The acquisition of Global Infrastructure Partners, a
private-equity firm focused on infrastructure, would be BlackRock's
largest in 15 years.
(END) Dow Jones Newswires
January 14, 2024 21:00 ET (02:00 GMT)
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