News Highlights: Top Company News of the Day - Wednesday at 7 AM ET
17 January 2024 - 11:15PM
Dow Jones News
Maersk, Hapag-Lloyd Form Shipping Alliance
Danish shipping giant A.P. Moeller-Maersk and Germany's
Hapag-Lloyd are teaming up to form a new vessel-sharing agreement
from next year, shaking up the global lineup of shipping
alliances.
BP Veteran Named as CEO, Signaling Commitment to Renewable Shift
The U.K. energy company appointed Murray Auchincloss as chief
executive, turning to a company veteran to continue the oil giant's
shift toward renewable energy.
Tesla cuts prices in Germany after reductions in China, report says
Tesla cut the prices of its Model Y in Germany, just a week
after cutting prices in China, according to a report.
Chinese EV Shares Slump, Pressured by Tesla Price Cuts, Weak Sales
Shares of Chinese electric-vehicle makers fell sharply amid
intensified competition after Tesla cut prices again in China and
weak sales in January so far.
Hyundai Sells China Plant for Half Price
Hyundai Motor sold a factory in Chongqing for less than half the
amount sought initially, as it pushed to streamline operations in
China.
Fashion Giant Faces New IPO Hitch: China's Cybersecurity Police
Beijing is scrutinizing Shein's data handling for potential
national security risks, a move that could delay its planned share
sale.
Walt Disney Nominates 12 to Board of Directors, Says CEO Iger's Compensation Doubled in 2023
The rise in Iger's compensation was mainly due to stock awards,
the company said in a separate filing.
More Companies Decide Silence Is Golden When Going Green
Climate-conscious companies worldwide are retreating from
publicizing green goals, amid heightened scrutiny from authorities
and investors over inflated claims, a new report showed.
McDonald's and Its Rivals Have Big Plans. Inflation Is Bringing Growth.
Sales of fast food are a relative sweet spot for a restaurant
industry struggling with inflation, so companies are trying to cash
in.
Judge Blocks JetBlue's $3.8 Billion Acquisition of Spirit
The judge agreed with the Justice Department that the deal would
eliminate a competitor important to price-conscious travelers.
(END) Dow Jones Newswires
January 17, 2024 07:00 ET (12:00 GMT)
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