News Highlights: Top Company News of the Day - Wednesday at 5 AM ET
17 January 2024 - 10:15AM
Dow Jones News
Maersk, Hapag-Lloyd Form Shipping Alliance
A.P. Moeller-Maersk and Hapag-Lloyd are teaming up to form a new
vessel-sharing agreement from next year, shaking up the global
lineup of shipping alliances.
BP Names Interim CEO as Permanent Chief
The U.K. energy company appointed Murray Auchincloss as its new
chief executive following ex-CEO Bernard Looney's sudden exit in
September.
Chinese EV Shares Slump, Pressured by Tesla Price Cuts, Weak Sales
Shares of Chinese electric-vehicle makers fell sharply amid
intensified competition after Tesla cut prices again in China and
weak sales in January so far.
Hyundai Sells China Plant for Half Price
Hyundai Motor sold a factory in Chongqing for less than half the
amount sought initially, as it pushed to streamline operations in
China.
Fashion Giant Faces New IPO Hitch: China's Cybersecurity Police
Beijing is scrutinizing Shein's data handling for potential
national security risks, a move that could delay its planned share
sale.
Walt Disney Nominates 12 to Board of Directors, Says CEO Iger's Compensation Doubled in 2023
The rise in Iger's compensation was mainly due to stock awards,
the company said in a separate filing.
More Companies Decide Silence Is Golden When Going Green
Climate-conscious companies worldwide are retreating from
publicizing green goals, amid heightened scrutiny from authorities
and investors over inflated claims, a new report showed.
McDonald's and Its Rivals Have Big Plans. Inflation Is Bringing Growth.
Sales of fast food are a relative sweet spot for a restaurant
industry struggling with inflation, so companies are trying to cash
in.
Judge Blocks JetBlue's $3.8 Billion Acquisition of Spirit
The judge agreed with the Justice Department that the deal would
eliminate a competitor important to price-conscious travelers.
Supreme Court Denies Petitions on Apple, Epic Appeals
Apple unveiled new App Store policies after the decision that
immediately drew ire from software makers.
(END) Dow Jones Newswires
January 17, 2024 05:00 ET (10:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.