News Highlights: Top Company News of the Day - Wednesday at 11 AM ET
18 January 2024 - 3:15AM
Dow Jones News
New CNN Boss Shakes Up News Operations, Explores Digital Subscription Model
CEO Mark Thompson is combining all of CNN's newsgathering
divisions into one unit, exploring subscription programs for
news.
Verizon to Book $5.8 Billion Charge on Business Unit
Verizon Communications is taking a $5.8 billion
goodwill-impairment charge related to its Verizon Business Group,
which has been grappling with falling results.
Charles Schwab's profit halved but beats analyst estimates
Charles Schwab cited "softer volumes" during the quarter.
Prologis Profit Rises as Occupancy Holds Steady
CEO Hamid Moghadam says the logistics-property giant sees
uncertainties in the economic and geopolitical environment
ahead.
Lithium Miner Albemarle Is Cutting Jobs Amid EV Slowdown. The Stock Is Up.
Wednesday, lithium miner Albemarle announced head count
reductions and less capital spending. Electric-vehicle demand isn't
keeping up with lithium supply.
A $60-Plus Billion Pay Package? Musk Gives Tesla's Board a Nightmare Task
Corporate-governance tensions are unavoidable in owner-managed
companies, but they needn't be inflamed on social media.
High Court Hears Plea From Businesses to Reverse a Ruling They Once Backed
The Reagan-era Chevron decision that reined in judges has given
federal agencies too much leeway, challengers say.
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 Price Cuts Send European, Chinese Auto Stocks Lower
Shares of European and Chinese automakers fell after Tesla
continued to cut prices, amid heightened global competition and
uncertain demand in the electric-vehicle market.
(END) Dow Jones Newswires
January 17, 2024 11:00 ET (16:00 GMT)
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