News Highlights: Top Company News of the Day - Monday at 7 PM ET
23 January 2024 - 11:30AM
Dow Jones News
United sees bigger-than-expected first-quarter loss after 737 Max groundings - but here's why the stock is rallying anyway
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.
Billionaire Howard Lutnick Is Taking On Exchange Giant CME
Cantor Fitzgerald's CEO previously helped transform the bond
market. Now he plans to introduce a new market for interest-rate
futures.
Iluka Extends Pause on Some Synthetic Rutile Output; Reports Annual Sales Drop
The miner said sales of its core mineral sands products-zircon,
rutile and synthetic rutile-fell by 22% in 2023, and that total
mineral sands revenue was 19% weaker year-on-year.
Australia Sanctions Russian Individual for Medibank Cyberattack
Australia has sanctioned a Russian individual for his role in a
cyberattack on health insurer Medibank, the first time that
Australia's cyber sanctions framework has been used, officials
said.
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.
(END) Dow Jones Newswires
January 22, 2024 19:15 ET (00:15 GMT)
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