News Highlights: Top Company News of the Day - Tuesday at 1 PM ET
January 09 2024 - 12:30PM
Dow Jones News
Boeing Stock Is Falling Again. More Loose Parts Were Found on MAX 9 Jets.
The National Transportation Safety Board confirmed that part of
the Alaska Air plane fuselage blew off at 16,000 feet.
Rent the Runway to Cut About 10% of Corporate Jobs, Lose Operating Chief
The fashion subscription company has established another
restructuring plan that includes cutting about 10% of its corporate
roles, or 37 employees.
Volkswagen, BMW Sales Jump But Industry Foresees Bumpier Roads
Volkswagen and BMW sales rose last year but analysts predict a
tougher road ahead for the European car industry.
Accenture Acquires Marketing and Tech Agency Work & Co.
Accenture Song, the creative services division of consulting
giant Accenture, has struck a deal to acquire Work & Co., a
digital design and technology agency.
Tinder Owner Match Draws Elliott Investment
The activist has a roughly $1 billion stake and intends to meet
with Match to discuss ways to improve the online dating company's
performance.
Microsoft's OpenAI Investment Could Face EU Probe
The EU is considering whether to launch a review of Microsoft's
investment in ChatGPT maker OpenAI under the bloc's merger
regulations, a month after the U.K. said it was also considering
whether the tech partnership could have an impact on
competition.
SandboxAQ Buys Good Chemistry, Melding AI and Quantum Tech for Drug Discovery
The deal, worth around $75 million, highlights growing
commercial demand for new ways of simulating and designing drugs as
well as developing new materials.
Instagram and Facebook Will Stop Treating Teens Like Adults
The effort to curb harmful material and reduce unwanted
interactions with teen social-media accounts come as states are
suing parent company Meta.
Hewlett Packard Enterprise Near Deal to Buy Juniper Networks
The deal could be unveiled this week, valuing Juniper at roughly
$13 billion.
Lexington Partners Collects Nearly $23 Billion for Secondhand Private-Equity Stakes
The firm's latest fundraising haul is its largest to date and
exceeded a $15 billion goal.
(END) Dow Jones Newswires
January 09, 2024 13:15 ET (18:15 GMT)
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