News Highlights: Top Company News of the Day
January 05 2024 - 6:15AM
Dow Jones News
Tesla to Recall Over 1.6 Million EVs in China Over Autosteering, Door Latch Concerns
Tesla is recalling more than 1.6 million electric vehicles in
China in another blow to the company's ambitions for the Chinese
market.
Chinese Financial Conglomerate Zhongzhi Declares Bankruptcy
The bankruptcy follows a calamitous year in which Zhongzhi
sparked fears that the world's second-largest economy was facing a
"Lehman moment."
You Can Buy Gold Bars at Costco. But Are They Worth It?
The retailer says that its periodic offers sell out quickly. And
some say it's a pretty good deal, all things considered.
Shares in European Drinks Makers Drop on China Investigation
Shares in European drinks makers tumbled after the Chinese
government launched an anti-dumping investigation into brandy
imported from the European Union in an escalation of trade tensions
between the regions.
Exxon Mobil Expects Up to $2.6 Billion in Upstream Impairments
Exxon Mobil is expecting up to $2.6 billion in impairments in
the fourth quarter for its upstream business, mostly related to
idled assets in California.
Netflix Eyes Ways to Make Money From Videogames, in Potential Pivot
Ideas include charging extra for some games as well as
incorporating ads and in-game purchases.
New Management at Lucky Bucks Sues Former Executives, Alleges Fraud
The slot machine operator formerly known as Lucky Bucks is suing
members of its former management and their affiliates, seeking the
return of approximately $200 million and accusing them of
defrauding the company.
Berkshire Buys More Liberty SiriusXM Tracking Stock
The Warren Buffett-led company paid about $82 billion for voting
and nonvoting shares, which trade at a discount to the value of
Liberty's stake in Sirius XM Holdings.
SpaceX Sues Labor Board Over Employee Firings
At issue is the company's decision to fire several SpaceX
employees who circulated a letter critical of Elon Musk in
2022.
Supermarket Giant Drops Pepsi and Lay's Over Price Increases
Carrefour stopped selling PepsiCo products in France, Italy,
Spain and Belgium because of what it called unacceptable price
increases.
(END) Dow Jones Newswires
January 05, 2024 07:00 ET (12:00 GMT)
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