News Highlights: Top Company News of the Day - Tuesday at 5 PM ET
24 January 2024 - 9:15AM
Dow Jones News
Netflix Places Big Bet on Live Events and Reports Strong Subscriber Growth
Netflix is ramping up its investments in live programming with a
deal for WWE wrestling rights, as it continues to add new customers
at a rapid clip. Shares rose about 4% after hours.
Southwest Airlines Flight Attendants Authorize Strike
TWU Local 556 said that more than 98% of its voting members
approved the strike, the first such vote in the union's
history.
Wayfair Layoffs Focused on Remote Workers
Wayfair employees who work remotely were more likely to be laid
off in the latest round of job cuts at the online furniture seller,
executives told staff.
Billionaire's Lofty Dreams for the Los Angeles Times Come Crashing Down Amid Layoffs
The publisher of California's most-prominent newspaper, which
lost three of its top editors in recent days, is shrinking the
newsroom by around 20% in the latest round of cuts.
Apple said to be scaling down self-driving Apple car features
Apple has switched to developing a car with basic self-driving
features, more in line with Tesla's features.
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.
Private-Equity-Owned Medical Apparel Seller Careismatic Files for Bankruptcy
Medical scrubs designer and distributor Careismatic Brands filed
for bankruptcy to eliminate $833 million in debt, a restructuring
prompted by falling demand and higher interest rates.
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.
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.
(END) Dow Jones Newswires
January 23, 2024 17:00 ET (22:00 GMT)
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