News Highlights: Top Company News of the Day - Tuesday at 1 PM ET
17 January 2024 - 5:30AM
Dow Jones News
Goldman Scores a Win With Sharply Higher Earnings
The strength wasn't in Goldman's traditional powerhouses,
investment banking and trading.
Uber Is Closing an Alcohol-Delivery Business It Bought for Over $1 Billion
Drizly will shutter in March after it was acquired by Uber in
2021.
Boeing's stock enters bear market as FAA probe opens 'a whole new can of worms'
Boeing's stock kept falling Tuesday, enough to enter
"bear-market" territory, after a downgrade by Wells Fargo, which
said there's a good chance the FAA's investigation won't be
"clean."
Elon Musk Seeks Greater Control Over Tesla Ahead of AI Advancements
The billionaire said in a post to X that he feels uncomfortable
making the auto company a champion of artificial intelligence
without holding about 25% of the company.
Shell Suspends Red Sea Shipments Amid Fears of More Houthi Attacks
"We'll have to see whether this becomes a longer-standing
issue," CEO Wael Sawan told The Wall Street Journal in Davos.
Wood Pellet Maker Enviva Misses Bond Payment
The largest U.S. wood pellet exporter is skipping a $24 million
payment due to its bondholders Tuesday, as it continues
restructuring discussions in the wake of a disastrous bet on future
pellet prices.
Synopsys to Acquire Ansys in $35 Billion Deal
The deal adds simulation software to Synopsys's chip-design
offerings and expands the industries it targets.
Morgan Stanley Earnings Didn't Look That Bad. The Stock Is Tumbling.
The company says results were affected by a settlement with
regulators over block-trading fraud charges and by a charge related
to an FDIC special assessment.
Diddy and Diageo Are Breaking Up
The liquor maker said Combs has withdrawn all of his allegations
about Diageo and will voluntarily dismiss his lawsuits against the
company with prejudice.
Restaurant Brands Aims for Better-Looking Burger Kings in Carrols Deal
Burger King-owner Restaurant Brands International will acquire
Carrols Restaurant Group for about $1 billion in cash.
(END) Dow Jones Newswires
January 16, 2024 13:15 ET (18:15 GMT)
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