News Highlights: Top Company News of the Day - Wednesday at 7 PM ET
18 January 2024 - 11:15AM
Dow Jones News
Sheryl Sandberg to Leave Meta Platforms Board After 12 Years
Sandberg said she will not stand for re-election to the board in
May, and that she will serve as an adviser to the company.
BHP Downgrades Full-Year Coal Targets, Reviewing Nickel Plans
BHP Group said it expects to produce less coal used to make
steel this fiscal year, and at a higher cost, following a
challenging first half for its coal-mining operations in
Australia.
Samsung's Galaxy S24 Phones Go Heavy on Industry's Next Big Hope: Generative AI
The features have long-term promise, though experts question the
immediate pull on consumers.
Apple Loses Attempt to Delay U.S. Watch Ban
The tech giant will have to disable the pulse-oximeter feature
on its watch to continue U.S. sales.
Boeing 737 MAX 9 Part in Plane Blowout Was Made in Malaysia, Official Says
New details emerge about the manufacturing process in the
harrowing Alaska Airlines flight.
Discover shares drop as company sets aside extra $1B in case of souring credit
Shares of Discover Financial Services slid after hours on
Wednesday after the credit-card giant reported fourth-quarter
profits that missed expectations and said it had set aside more
money to cushion against potentially tougher conditions for
consumers.
Eaton Names Johnson Controls Finance Chief as Next CFO
Olivier Leonetti will join the power management company on Feb.
5, succeeding Thomas Okray, who is leaving for personal
reasons.
Sovereign-Wealth Giant Pursues Goldman Sachs, KPMG and Others Over SVB Collapse
Norway's $1.5 trillion sovereign-wealth fund is going after SVB,
its management and the defunct bank's Wall Street advisers.
Instacart Spikes as Analyst Suggests an Uber Takeover
Instacart shares have been under pressure since the company
joined the public market.
Future FinTech CEO Denies SEC's Manipulative-Trading Allegations
The chief executive of Future FinTech Group, Shanchun Huang,
denied allegations from the U.S. Securities and Exchange Commission
that he artificially inflated the company's share price before
taking over as CEO.
(END) Dow Jones Newswires
January 17, 2024 19:00 ET (00:00 GMT)
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