News Highlights: Top Company News of the Day - Monday at 5 PM ET
23 January 2024 - 9:15AM
Dow Jones News
United Airlines stock rallies after full-year forecast beats expectations
Shares of United Airlines Holdings Inc. rallied after hours on
Monday after the airline forecast full-year profit that was better
than expected, following a jump in sales for both its premium-cabin
offerings and its cheaper basic economy fares.
Amazon Hopes to Dominate the World of Streaming Ads. It Faces Some Challenges Along the Way.
The e-commerce giant must provide more high-quality content and
court advertisers that don't sell products on its platform, experts
say.
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.
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.
Exxon Sues Two ESG Investors
The oil giant says Arjuna Capital and Follow This want Exxon's
oil-and-gas business to shrink, putting them at odds with
shareholders.
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.
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.
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.
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.
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.
(END) Dow Jones Newswires
January 22, 2024 17:00 ET (22:00 GMT)
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