News Highlights: Top Company News of the Day
December 20 2023 - 8:15AM
Dow Jones News
Japan Clears the Way for Tourists to Get an Actual Uber
One of the world's biggest taxi markets is finally opening its
gates wider to Uber after a decade of pushing by the U.S.
ride-hailing company.
Walgreens's Ambitions Lean on Its Technology. First, It Has to Build Up Its IT Department.
The pharmacy chain's new chief information officer, Neal Sample,
will deal with a unit that has seen significant changes in
leadership over the past year.
Tesla Supplier Panasonic Drops Plan for Oklahoma EV Battery Factory
The Japanese company is already building another plant in Kansas
but has been hit by higher-than-expected construction costs.
Starbucks CEO Takes On Chain's Social Media Controversy Over Israel-Hamas War
"We see protestors influenced by misrepresentation on social
media of what we stand for," CEO Laxman Narasimhan said in a
letter.
Universal Eyes European Theme-Park Challenge to Disney
The company has bought land north of London while weighing
opening a competitor to Paris Disneyland.
U.S. Leads Bid to Secure Red Sea, but Shipping Firms Remain on Edge
Regional politics and well-armed Houthi adversaries in Yemen are
among the challenges facing the U.S.-led naval force.
Bird Electric Scooter Company Files for Bankruptcy After 2021 SPAC
The vehicle-rental provider has secured a bankruptcy loan from
Apollo Global and its existing second-lien creditors.
Court Rejects Claims Linking Tylenol to Autism, ADHD
A judge ruled that plaintiffs in hundreds of lawsuits don't have
admissible evidence to support claims that acetaminophen raises
risks for fetal development.
FedEx 2Q Profit Rises Despite Continued Demand Woes
Revenue fell to $22.2 billion from $22.8 billion a year earlier,
missing the $22.36 billion expected by analysts polled by
FactSet.
Volkswagen Job Cuts to Help Save Flagship Brand $4.37 Billion Next Year
Volkswagen has reached a deal with workers that will help its
flagship brand save up to $4.37 billion next year by reducing the
size of its workforce.
(END) Dow Jones Newswires
December 20, 2023 09:00 ET (14:00 GMT)
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