News Highlights: Top Company News of the Day - Thursday at 1 AM ET
18 January 2024 - 5:15PM
Dow Jones News
Hyundai and Kia Emerge as Tesla's Biggest U.S. Rivals
A pair of allied Korean carmakers are pushing to launch electric
vehicles ahead of competitors.
Spotify Dominates Audio Streaming, but Where Are the Profits?
The company has expanded beyond music to stay ahead but has
struggled to make money.
Children on Instagram and Facebook Were Frequent Targets of Sexual Harassment, State Says
A 2021 Meta Platforms presentation estimated 100,000 child users
were harassed daily, according to unredacted portions of a New
Mexico lawsuit.
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 Reviews Nickel Plans Amid Market Rout
BHP Group, the world's largest miner by market value, has joined
several other producers in saying it will rethink plans for its
nickel business to help it ride out the industry downturn.
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.
Mr. D.I.Y. Plans $300 Million IPO of Thai Unit
Malaysia's Mr. D.I.Y., one of the largest home-improvement
retailers in Southeast Asia, plans to raise up to $300 million by
listing its Thai subsidiary, people familiar with the matter
said.
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.
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.
(END) Dow Jones Newswires
January 18, 2024 01:00 ET (06:00 GMT)
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