News Highlights: Top Company News of the Day - Monday at 3 PM ET
23 January 2024 - 7:15AM
Dow Jones News
Sunoco to Buy NuStar Energy in $7.3 Billion Deal
Fuel distributor Sunoco has agreed to buy liquids terminal and
pipeline operator NuStar Energy in a stock-swap transaction valued
at about $7.3 billion, including assumed debt.
WeWork Wrestles to Amend Leases as Landlords Seek Clarity on Restructuring Plan
The co-working company has achieved at least $3.7 billion in
savings through rejecting and amending leases, but talks for
further concessions are dragging on.
Marriott and Hilton added thousands of hotel rooms in 2023 amid travel rebound
Both Marriott and Hilton said that they see the increase in room
and travel demand continuing through 2024.
FAA Calls for Door-Plug Checks on Another Boeing Jet
The Federal Aviation Administration is recommending that
airlines check a second type of Boeing jet that uses the same kind
of door plug as the one that blew out of an Alaska Airlines flight
earlier this month.
Forward Air to Complete Omni Acquisition at Lower Price Tag
An amended agreement will give Omni shareholders $20 million in
cash and 35% of common equity, instead of the $150 million cash and
37.7% equity previously agreed.
Charles Schwab Just Survived a Year From Hell. The Trouble Isn't Over Yet.
Executives said financial results should improve in the year
ahead. Many employees, still stung by layoffs, remain uneasy.
Gucci Owner Buys Fifth Avenue Property in New York City for $963 Million
The announcement comes as Kering and the wider luxury-goods
industry grapple with slowing sales globally after years of strong
results following the pandemic.
To Inflate Building Values, Office Landlords Offer Cash Gifts, Discounted Loans
SL Green says that skepticism about the value of its 245 Park
Ave. sale is misplaced.
Obesity Drugs Lead to Muscle Loss-Pharma Companies Want to Fix That
Companies are investigating ways to prevent people from losing
muscle when on popular weight-loss drugs like Novo Nordisk's Wegovy
and Eli Lilly's Zepbound.
Palantir's Momentum Hurt by Slowing Growth in Government Deals
Individual investors had bolstered the company's share price in
their enthusiasm for its new AI data platform.
(END) Dow Jones Newswires
January 22, 2024 15:00 ET (20:00 GMT)
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