News Highlights: Top Company News of the Day - Tuesday at 5 AM ET
23 January 2024 - 9:30PM
Dow Jones News
Ericsson Warns of Further Market Decline
Ericsson expects challenges in the mobile-network industry to
continue this year as customers remain cautious about spending and
as the investment pace normalizes in its key Indian market.
Sanofi to Buy Rare-Disease Assets From Inhibrx
Sanofi plans to buy assets from U.S. biopharmaceutical company
Inhibrx in a deal valued at up to $2.2 billion.
Tencent's Riot Games to cut around 530 jobs, or 11% of its workforce
Videogame maker Riot Games will try to narrow its focus after
making what executives said were several years of "big bets" and
expansion.
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.
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.
Lockheed Martin Earnings Are Coming as Global Conflict Rises
For the fourth quarter of 2023, Wall Street expects defense
giant Lockheed to report earnings per share of about $7.29.
P&G Earnings Will Give a Peek at How Shoppers Are Doing
Analysts are expecting earnings to rise from the year-ago
quarter. J.P Morgan is worried about China and the Mideast.
United sees bigger-than-expected first-quarter loss after 737 Max groundings. 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.
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.
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.
(END) Dow Jones Newswires
January 23, 2024 05:15 ET (10:15 GMT)
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