News Highlights: Top Company News of the Day - Thursday at 7 AM ET
25 January 2024 - 11:15PM
Dow Jones News
Apple's Smartphone Shipments in China Fell in Fourth Quarter
Apple's smartphone shipments in China fell in the final quarter
of 2023, hurt by weaker consumer demand and rising market share for
rival Huawei Technologies, data from research firm IDC showed.
Red Sea Attacks Push BHP to Divert Shipping
The mining giant's decision is the latest sign of how Houthi
attacks in the region have upended global trade.
Insurers Rake In Profits as Customers Pay Soaring Premiums
The shares of Travelers and Allstate have climbed to records
after big rate increases.
Tesla Makes It Harder for Investors to Ignore Its Problems
CEO Elon Musk wants people to think of Tesla as a tech company,
but auto-company snags keep getting in the way.
FAA Puts Limits on Boeing 737 Output, Clears Path for Grounded Jets to Fly
The agency will allow Alaska Airlines and United Airlines to
inspect jets and fly them again after a door-plug blowout.
Hewlett Packard Enterprise Suffered Cyber Breach Over Months Last Year
In a regulatory filing, the company said it suspected the
Russia-sponsored Midnight Blizzard group of the intrusion, which it
said had been addressed.
Nokia Starts to See Green Shoots Despite Ongoing Challenges
Nokia expects the challenging network industry environment to
continue through the first half of 2024 as operator spending
remains muted, but said the situation should improve later in the
year.
Chinese EV Maker Stocks Fall as Tesla Outlook Weighs
Shares of Chinese electric-vehicle markers were lower after
Tesla's latest results and its outlook for 2024 reaffirmed investor
worries about slowing demand in China.
Hyundai Motor Posted Solid Profit Growth, Flags Tough Business Conditions
Hyundai Motor posted solid net profit growth in the final
quarter of 2023, but flagged possibly tough business conditions
amid economic uncertainties in emerging markets.
SK Hynix Returned to Operating Profit for Fourth Quarter
The South Korea memory-chip maker returned to an operating
profit in the final quarter of 2023 on brisk demand for
artificial-intelligence chips and other higher-end products.
(END) Dow Jones Newswires
January 25, 2024 07:00 ET (12:00 GMT)
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