Verizon to Book $5.8 Billion Goodwill 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 profit halved but beats analyst estimates 
 

Charles Schwab cited "softer volumes" during the quarter.

 
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.

 
A $60-Plus Billion Pay Package? Musk Gives Tesla's Board a Nightmare Task 
 

Corporate-governance tensions are unavoidable in owner-managed companies, but they needn't be inflamed on social media.

 
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 Price Cuts Send European, Chinese Auto Stocks Lower 
 

Shares of European and Chinese automakers fell after Tesla continued to cut prices, amid heightened global competition and uncertain demand in the electric-vehicle market.

 
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.

(END) Dow Jones Newswires

January 17, 2024 09:15 ET (14:15 GMT)