News Highlights: Top Company News of the Day
December 22 2023 - 12:15PM
Dow Jones News
Cummins to Pay $1.7 Billion to Settle Claims it Skirted Engine-Emissions Rules
The fine would mark largest payout for Clean Air Act
violation.
Bristol Myers to Buy Karuna Therapeutics for $14 Billion
The cash deal would help Bristol establish a beachhead in
neuroscience drugs, including a schizophrenia treatment up for
approval.
Lionsgate to Separate Studios Business in $4.6 Billion SPAC Deal
Lions Gate Entertainment has agreed to separate its studios
business and merge it with Screaming Eagle Acquisition, a
special-purpose acquisition company.
Tencent Rocked by China's New Boss Level
Beijing's internet clampdown isn't done yet, wiping tens of
billions of dollars off the value of games companies, but the
damage is hard to quantify.
Adidas and Puma shares, plus Dick's and JD Sports, slump after Nike's warning
Nike cut its guidance and outlined plans to make $2 billion
worth of cost savings over the next three years
A 'Recipe for Disaster': Insiders Warned Meta's Privacy Push Would Shield Child Predators
The company's own child-safety experts sounded the alarm about
efforts to encrypt messages on Instagram and Facebook. This month,
it started doing it anyway.
New Yelp Has Earned Its Extra Stars
The online review pioneer has made its advertising business more
cost effective, helping the stock make its best run in years.
China's Sportswear Giants Take a $25 Billion Tumble
A nationalist buying frenzy has faded, hurting shares of Li Ning
and Anta.
White House Says $14.1 Billion U.S. Steel Sale Deserves 'Serious Scrutiny'
Under the deal, Japan's Nippon Steel would acquire one of
America's most storied industrial enterprises.
Airline Passengers Are Still Losing It
Throwing punches and opening doors: In-flight disruptions are
still happening at worrisome levels, regulators and airlines
say.
(END) Dow Jones Newswires
December 22, 2023 13:00 ET (18:00 GMT)
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