News Highlights: Top Company News of the Day
January 01 2024 - 10:15AM
Dow Jones News
Trane Technologies Affiliates to Remain in Chapter 11, Judge Rules
A bankruptcy judge is allowing U.S. affiliates of Irish air
conditioning manufacturer Trane Technologies to remain in
bankruptcy, denying a request from asbestos-injury claimants to
dismiss the cases created through a controversial strategy known as
the Texas Two-Step.
Carmakers Are Drowning in Cash
More stock buybacks are in the cards after another profitable
year for companies that make gas guzzlers, but that won't cure
their EV-related pains.
Fisker's stock soars as EV maker to announce plan to boost sales, deliveries
Fisker's stock surged Friday, after the electric vehicle maker
said it will announce in January a plan to accelerate sales and
deliveries.
UnitedHealth Group to Sell Operations in Brazil
UnitedHealth Group has agreed to sell its operations in Brazil
to a private investor.
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.
(END) Dow Jones Newswires
January 01, 2024 11:00 ET (16:00 GMT)
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