News Highlights: Top Company News of the Day
December 29 2023 - 6:30AM
Dow Jones News
JD.com Wins Antimonopoly Suit Against Alibaba
Chinese e-commerce giant JD.com said it won a lawsuit against
rival Alibaba Group, which was fined over monopolistic
practices.
The New Star on the Political Scene: The Chip Industry
Increasing attention from politicians is posing opportunities
and challenges for tech companies that have become part of a
geopolitical conversation.
Huawei Expects 9% Revenue Growth This Year
Huawei Technologies projected that its revenue grew about 9% in
2023, reflecting the company's return to a more normal course after
years of dealing with U.S. sanctions.
Apple Supplier Luxshare's Shares Rise as It Takes Over Rival's iPhone Plant
Shares of Apple supplier Luxshare rose sharply as the Chinese
company swooped in to take a majority slice of a Taiwanese rival's
iPhone assembly plant.
Boeing 737 MAX Planes Inspected for Loose Bolts, FAA Says
Boeing 737 MAX airplanes are being inspected for potential loose
bolts in the rudder control system.
Millions of Portable Blenders Recalled Over Fire, Laceration Risks
The recalled BlendJet 2 products were sold at retailers
including Walmart, Costco and Target.
Suntory Exits Nonalcoholic Drinks Business in Indonesia
Suntory Beverage & Food is exiting its nonalcoholic beverage
business in Indonesia after 12 years of selling bottled tea, jelly
drinks and other products in the country.
Altice USA Sells Cheddar News to Media Company Archetype
The news service geared toward millennials has been sold by
owner Altice USA to media company Archetype, which also owns
military-focused publications such as Army Times and Defense News
and lifestyle magazine Sunset Magazine.
Apple Is Being Overtaken by Chinese Smartphone Rivals-in Cars
Huawei, Xiaomi introduce electric vehicles designed to work with
their phones.
A Top Penn Entertainment Shareholder Seeks Board Seats
The hedge fund HG Vora, founded by Parag Vora, is in talks with
the casino operator.
(END) Dow Jones Newswires
December 29, 2023 07:15 ET (12:15 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.