News Highlights: Top Company News of the Day - Tuesday at 5 PM ET
January 09 2024 - 4:30PM
Dow Jones News
Alaska Airlines Blowout Reveals Cockpit Door Vulnerability on Boeing Jet
The door was designed to open during a decompression incident
but the plane's manual didn't say so. Many experts didn't know
either.
BlackRock to cut 3% of its staff amid a 'rapidly changing' market environment
Investment-management giant BlackRock Inc. plans to lay off
around 3% of its staff, or around 600 employees, the company said
on Tuesday, amid what executives described as a "rapidly changing"
economic backdrop and shifts in client demands.
Article on Ackman's Wife Triggers Tensions Between Business Insider and Owner
Axel Springer said it is reviewing motivations and procedures
behind an article detailing plagiarism accusations against Neri
Oxman, who has apologized for some instances BI cited.
X Introduces Shows With Don Lemon, Tulsi Gabbard, Jim Rome Amid Video Push
Platform CEO Linda Yaccarino is drawing on her TV roots to try
to turn around the business.
Rite Aid Approved to Sell Elixir Business for $575 Million
Bankrupt drugstore chain sells its pharmacy-benefit manager
business to a strategic buyer.
Sonos Names Apple Executive Saori Casey as Next Finance Chief
Casey has served in her role at Apple for nearly 13 years,
according to LinkedIn.
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.
(END) Dow Jones Newswires
January 09, 2024 17:15 ET (22:15 GMT)
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