News Highlights: Top Company News of the Day - Wednesday at 3 PM ET
January 17 2024 - 2:30PM
Dow Jones News
Boeing 737 MAX 9 Part in Plane Blowout Was Made in Malaysia, Official Says
New details emerge about the manufacturing process in the
harrowing Alaska Airlines flight.
Apple Changes Its App Store Policy. Critics Call the Moves 'Outrageous.'
The iPhone maker will allow developers to process purchases
outside of its app store but will still charge a commission.
Sovereign-Wealth Giant Pursues Goldman Sachs, KPMG and Others Over SVB Collapse
Norway's $1.5 trillion sovereign-wealth fund is going after SVB,
its management and the defunct bank's Wall Street advisers.
Instacart Spikes as Analyst Suggests an Uber Takeover
Instacart shares have been under pressure since the company
joined the public market.
Future FinTech CEO Denies SEC's Manipulative-Trading Allegations
The chief executive of Future FinTech Group, Shanchun Huang,
denied allegations from the U.S. Securities and Exchange Commission
that he artificially inflated the company's share price before
taking over as CEO.
New CNN Boss Shakes Up News Operations, Explores Digital Subscription Model
CEO Mark Thompson is combining all of CNN's newsgathering
divisions into one unit, exploring subscription programs for
news.
Verizon to Book $5.8 Billion Charge on Business Unit
Verizon Communications is taking a $5.8 billion
goodwill-impairment charge related to its Verizon Business Group,
which has been grappling with falling results.
Charles Schwab's profit is halved but beats analyst estimates
Charles Schwab cited "softer volumes" during the quarter, but
analyst praises an overall strong quarter.
Prologis Profit Rises as Occupancy Holds Steady
CEO Hamid Moghadam says the logistics-property giant sees
uncertainties in the economic and geopolitical environment
ahead.
Lithium Miner Albemarle Is Cutting Jobs Amid EV Slowdown. The Stock Is Up.
Wednesday, lithium miner Albemarle announced head count
reductions and less capital spending. Electric-vehicle demand isn't
keeping up with lithium supply.
(END) Dow Jones Newswires
January 17, 2024 15:15 ET (20:15 GMT)
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