Maersk, Hapag-Lloyd Form Shipping Alliance 
 

Danish shipping giant A.P. Moeller-Maersk and Germany's Hapag-Lloyd are teaming up to form a new vessel-sharing agreement from next year, shaking up the global lineup of shipping alliances.

 
BP Veteran Named as CEO, Signaling Commitment to Renewable Shift 
 

The U.K. energy company appointed Murray Auchincloss as chief executive, turning to a company veteran to continue the oil giant's shift toward renewable energy.

 
Tesla cuts prices in Germany after reductions in China, report says 
 

Tesla cut the prices of its Model Y in Germany, just a week after cutting prices in China, according to a report.

 
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.

(END) Dow Jones Newswires

January 17, 2024 07:00 ET (12:00 GMT)