News Highlights: Top Company News of the Day - Thursday at 11 AM ET
26 January 2024 - 3:30AM
Dow Jones News
Microsoft Cuts 8% of Videogaming Staff
The layoffs follow the company's acquisition of Activision
Blizzard in October.
Humana Reports Steep Losses, Signals More Trouble for Next Year
The insurer's announcement will likely hit the entire sector
because it suggested issues extend through the Medicare
business.
American Airlines stock soars as focus on flight reliability fuels big profit beat
American Airlines' stock took flight Thursday after the air
carrier beat fourth-quarter profit expectations by a wide margin
and provided an upbeat 2024 outlook, while recording best-ever
flight-reliability measures over the holiday period.
Southwest's Cutting Boeing's 737 MAX 7 Planes From Its Fleet
In its earnings, Southwest posted a loss of 37 cents a share,
similar to last year's loss and well below the 12 cents profit
analysts surveyed by FactSet had expected.
Comcast sheds fewer internet subscribers than expected while beating on earnings
Broadband subscriber losses have been a notable story for cable
stocks lately.
Alaska Airlines Warns of $150 Million Hit From Boeing Grounding
The company says the grounding of its Boeing fleet after a
midflight door-plug blowout will weigh on its ability to increase
flying capacity.
Dow swings to net loss as sales fall at all of its operating businesses
Chemicals company swings to a loss as sales fall and it books a
noncash charge to de-risk its pension plan.
Bud Light's Comeback Tour Will Hit the Super Bowl, Its Biggest Stage Yet
Bud Light is returning to the Super Bowl with a 60-second ad
representing the beleaguered beer's biggest bid to recover from a
consumer boycott last year.
Apple's Smartphone Shipments in China Fell in Fourth Quarter
Shipments were hurt by weaker consumer demand and rising market
share for rival Huawei Technologies.
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.
(END) Dow Jones Newswires
January 25, 2024 11:15 ET (16:15 GMT)
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