News Highlights: Top Company News of the Day - Tuesday at 1 PM ET
24 January 2024 - 5:30AM
Dow Jones News
Johnson & Johnson to Pay $700 Million to Settle Baby Powder Probe
The agreement in principle addresses an investigation brought by
more than 40 states into the marketing of its talcum-based baby
powder.
Verizon's stock rockets as earnings bring a big wireless surprise
Verizon saw its best performance in four years on one metric
tracking consumer wireless account growth.
Netflix to Pay $5 Billion for 'WWE Raw' Rights in Live Events Push
The multiyear deal will give the streaming giant exclusive
rights to the hit wrestling show in the U.S. as well as
international distribution rights in several countries.
P&G Earnings Show Some Consumers Are Getting Used to Higher Prices
The consumer-products giant said that sales volume increased for
categories including hair care and family care in the latest
quarter.
3M's stock suffering biggest selloff in 5 years after 2024 profit warning
3M's stock tanked Tuesday, after the consumer, industrial and
healthcare-products company provided a 2024 profit outlook that was
well below forecasts, which overshadowed fourth-quarter results
that topped expectations.
GE's stock drops after downbeat outlook for last full quarter before breakup
The aerospace, power and renewable energy company's
disappointing profit outlook for the current overshadowed a
fourth-quarter earnings beat that was fueled by strength in the GE
Vernova businesses.
Halliburton's stock rises despite earnings miss as CEO cites strong outlook for oilfield services
Halliburton increased its dividend and expressed a strong
outlook for its oilfield services.
RTX's stock rises as Q4 earnings move aerospace company past Pratt & Whitney engine trouble
RTX Corp.'s stock was rallying Tuesday toward its largest
one-day gain in more than three years. The company moved past
trouble at its Pratt & Whitney unit, with no additional costs
for a powder-metal problem discovered earlier this year.
EU Probes Lufthansa's Stake Acquisition in ITA Airways
A deal could hand ITA Airways too much sway at Milan's Linate
airport, according to the commission, making it harder for rivals
to provide passenger air transport services from the hub close to
the city center.
Amazon Fined in France Over Alleged Employee Surveillance
France's privacy watchdog fined Amazon.com's local warehouse
management business, saying the company had put in place an
"excessively intrusive" system to keep track of staff
performance.
(END) Dow Jones Newswires
January 23, 2024 13:15 ET (18:15 GMT)
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