News Highlights: Top Company News of the Day - Tuesday at 9 AM ET
January 16 2024 - 8:30AM
Dow Jones News
Goldman Sachs Reports Sharply Higher Earnings
Revenue from investment banking and trading, Goldman's
traditional powerhouses, were both down for the quarter.
Synopsys to Acquire Ansys in $35 Billion Deal
Synopsys will acquire Ansys in a cash-and-stock deal giving the
design-software company an enterprise value of about $35
billion.
Morgan Stanley Earnings Are Hit by One-Time Charges
The company says results were affected by a settlement with
regulators over block-trading fraud charges and by a charge related
to an FDIC special assessment.
Shell Suspends Red Sea Shipments Amid Fears of More Houthi Attacks
The oil major joins other global shippers, including other
energy companies, in deciding to avoid the Red Sea.
Elon Musk Seeks Greater Control Over Tesla Ahead of AI Advancements
The billionaire said in a post to X that he feels uncomfortable
making the auto company a champion of artificial intelligence
without holding about 25% of the company.
Restaurant Brands To Acquire Largest Burger King Franchisee In U.S. For $1 Billion
Burger King-owner Restaurant Brands International will acquire
Carrols Restaurant Group for about $1 billion in cash.
Apple Goes on the Offensive as iPhone Sales Slip in Its Biggest Overseas Market
The company is offering rare discounts in China, including on
its latest iPhones, in a bid to compete with high-end offerings
from Samsung and Huawei.
Profits Comeback Paired With Rate Cuts Make a Powerful Mix
Companies put the earnings recession further behind them in the
fourth quarter, even as rates are set to start falling.
Shell Sells Nigeria Onshore Oil Business
Shell agreed to sell its Nigerian onshore subsidiary to a
consortium of five companies for up to $2.4 billion.
Global Battery Race Heats Up With Billions for Europe's Northvolt
The startup plans to use the funding to expand battery
production at a factory in northern Sweden for customers such as
Volkswagen and BMW.
(END) Dow Jones Newswires
January 16, 2024 09:15 ET (14:15 GMT)
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