News Highlights: Top Company News of the Day
December 27 2023 - 8:30AM
Dow Jones News
New York Times Sues Microsoft and OpenAI, Alleging Copyright Infringement
The Times said the tech companies used its content without
permission to create their AI products, benefiting from billions of
dollars of investment by the news outlet.
Williams Cos. to Buy Gulf Coast Natural Gas Storage Portfolio for $1.95 Billion
Energy infrastructure company Williams Cos. has inked a deal to
buy a portfolio of Gulf Coast natural-gas storage assets from an
affiliate of commodities-trading company Hartree Partners for $1.95
billion.
Hapag-Lloyd to Continue Avoiding Red Sea Route
German shipping company Hapag-Lloyd said it will continue to
avoid the Red Sea because it considers the area is still too
dangerous despite the U.S. and allies deploying naval ships to
deter further strikes by Houthi militants.
The Chip Wars Are Metastasizing
The fight for chip tech supremacy has begun to migrate into a
new area: how to package chips together to achieve better
performance.
Tesla Has a Plan to Stay in the China EV Race
Tesla is preparing to launch a revamped version of its popular
Model Y SUV at its plant in Shanghai, according to a report.
Boart Longyear Agrees to Takeover by American Industrial Partners
Drilling services company Boart Longyear has agreed to a
takeover by American Industrial Partners Capital Fund VIII in a
deal that values its stock at around US$371 million.
SoftBank Shares Hit Over Two-Month High on T-Mobile Stock Gains
SoftBank Group's shares rose on potential investment gains the
conglomerate could record as it receives additional shares of
T-Mobile US.
NIO Shares Jump on Launch of New Flagship EV
NIO's Hong Kong-listed shares rose sharply after the Chinese
electric-vehicle maker launched a new model amid stiffening
competition in its home market.
The Bud Light Boycott Was Just the Beginning of a Crazy Year for Beer
A Bud Light boycott in 2023 reshuffled the beer industry,
vaulting Modelo Especial to the top spot in America. At the same
time, many people simply stopped drinking beer altogether.
Apple Appeals U.S. Ban That Halted Watch Sales
A federal trade agency's ruling forced the iPhone maker to stop
selling its two most popular watch models.
(END) Dow Jones Newswires
December 27, 2023 09:15 ET (14:15 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.