News Highlights: Top Company News of the Day - Wednesday at 5 PM ET
25 January 2024 - 9:30AM
Dow Jones News
Tesla Projects Slower Growth in 2024
The electric-car maker reported net income doubled in the fourth
quarter, largely due to a one-time tax, while operating profits
were down.
IBM Reports Mixed Earnings, Surge in AI Demand
CEO Arvind Krishna said in an interview that he sees no systemic
issues and feels "really good about 2024."
Boeing chief says company flies 'safe planes' as he meets U.S. lawmakers
Boeing's chief executive on Wednesday said the company doesn't
fly airplanes that aren't safe, as he arrived on Capitol Hill for
meetings with U.S. lawmakers amid scrutiny of the aviation
giant.
Abbott Laboratories Stock Is Down. Earnings and Sales Aren't the Problem.
Abbott, a maker of healthcare products, posted fourth-quarter
earnings in line with expectations, and beat sales estimates.
Pro Take: Johnson & Johnson's $700 Million Settlement Puts It on a New Path to Address Mass Lawsuits
The company pivots toward tackling mass lawsuits against its
talc-based baby powder via settlements with each litigating group
after two failed attempts to address them through its unit
bankruptcy.
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.
Kimberly-Clark Stock Falls After Earnings. At Least There Was Another Dividend Hike.
Consumer-products company Kimberly-Clark lifts its dividend once
again, but investors are focused on the numbers that missed
estimates.
Chipotle to Offer New Benefits to Draw Younger Workers for Burrito Season
The company wants to hire 19,000 workers and entice them with
financial incentives and free mental-health counseling.
AT&T earnings pressure stock, but company wins cheers for 'financial progress'
AT&T expects to see further improvements to free cash flow
in the year ahead as its wireless and fiber businesses continue to
grow.
DuPont stock dives as weak China, inventory cuts prompt profit warning
Shares of DuPont de Nemours Inc. tumbled Wednesday, toward their
worst day in nearly four years, after the materials science company
issued a profit warning, as the weaker demand seen at the end of
2023 is expected to continue.
(END) Dow Jones Newswires
January 24, 2024 17:15 ET (22:15 GMT)
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