News Highlights: Top Company News of the Day - Wednesday at 9 AM ET
25 January 2024 - 1:30AM
Dow Jones News
Regional Banks Had Another Bad Quarter
The 2023 bank crisis is over, but the worst may be yet to come
for some regional and community lenders.
AT&T posts subscriber beats, but stock slips after earnings
AT&T expects to see further improvements to free cash flow
in the year ahead as its wireless and fiber businesses continue to
grow.
Alibaba Shares Rise as Co-Founders Buy Stock
Jack Ma and Joe Tsai bought about $200 million of the company's
stock in the latest quarter, giving the Chinese tech giant some
welcome news amid a monthslong slide.
J&J Can't Promise Wall Street No More Tears
Some investors struggle with owning the shares because of
uncertainty over ongoing baby powder lawsuits.
Apple Plans New Fees and Restrictions for Downloads Outside App Store
Meta, Spotify and other companies are weighing new options for
customers as Apple makes changes to comply with a new European
law.
Netflix Delivers Another Smackdown
The streaming leader cemented its position with a strong boost
in subscribers while the advertising contribution remains
small.
SAP Launches AI-Focused Restructuring
SAP said it would undertake a roughly EUR2 billion restructuring
this year that will affect 8,000 jobs as it ratchets up its focus
on business-related AI.
Siemens Energy First Quarter Beats Forecasts
Siemens Energy forecast an underlying profit margin of between
negative 2% and positive 1% for the fiscal year, after it reported
preliminary first-quarter results that it said exceeded market
expectations.
Country Garden Seeks to Raise Over $500 Million in Asset Sales
Troubled Chinese property developer Country Garden Holdings is
seeking to sell a host of properties in Guangzhou city to raise up
to $534.5 million, amid its efforts to restructure billions of
dollars in offshore debt.
Shein Faces Scrutiny From All Sides. Its IPO May Hit Snags.
The online fast-fashion company is dealing with a range of
issues both in China and in the U.S.
(END) Dow Jones Newswires
January 24, 2024 09:15 ET (14:15 GMT)
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