News Highlights: Top Company News of the Day - Thursday at 7 AM ET
January 11 2024 - 6:15AM
Dow Jones News
Amazon Misses EU Deadline for Concessions Over iRobot Deal
Amazon.com missed a deadline to offer remedies to the European
Union over its $1.7 billion acquisition of Roomba maker iRobot.
Chesapeake Agrees to $7.4 Billion Southwestern Energy Merger
The all-stock transaction will create one of the U.S.'s largest
natural-gas producers.
Hewlett Packard Hopes Time Is on Its Side With Juniper
Tech deals are taking longer to close, which may give HPE time
to get investors on board with the acquisition.
Google Trims Hundreds of Jobs as It Marshalls Resources for AI
The cuts affect employees in divisions including hardware and
internal software tools.
Citigroup Taking Charges on Argentina, Russia and Its Restructuring
The bank's profit will be hit by $1.3 billion in reserves and
$780 million in severance charges.
KB Homes Reports Lower Revenue But Sees Demand Picking Up Ahead
KB Home's fourth-quarter home deliveries surpassed expectations,
but dropped 10% from a year ago. And the average home selling price
fell to $487,300, from $510,400 a year ago.
Seven & i to Acquire Most of Sunoco's Convenience Store, Gasoline Retail Businesses
Seven & i Holdings' U.S. subsidiary will acquire most of
Sunoco's convenience store and gasoline retail businesses for $950
million.
Fast Retailing's Net Profit Boosted by Global Revenue
Fast Retailing's fiscal first quarter net profit jumped thanks
to sharp increases in revenue and profits at its Uniqlo outlets
internationally and in Japan.
You Think Inheritance Tax Is High? Samsung's Lee Family Sold $2 Billion in Shares To Pay Its Bill
A trust for Samsung's founding Lee family sold about $2 billion
in shares to help pay one of the world's largest inheritance-tax
bills.
Thomson Reuters Offers to Buy Sweden's Pagero
Thomson Reuters is launching a $626 million cash bid for Pagero
Group, beating a rival offer made by Vertex last month for the
Swedish e-invoicing provider.
(END) Dow Jones Newswires
January 11, 2024 07:00 ET (12:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.