News Highlights: Top Company News of the Day - Wednesday at 1 PM ET
17 January 2024 - 6:15PM
Dow Jones News
Wealth Giant Pursues Goldman Sachs, KPMG and Others Over Silicon Valley Bank's 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.
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 halved but beats analyst estimates
Charles Schwab cited "softer volumes" during the quarter.
Boeing Stock Gets a Boost After FAA Wraps Up Some Work
The Federal Aviation Administration has finished inspecting 40
737 MAX 9 jets. They can't fly yet, though.
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.
A $60 Billion-Plus 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.
Conservatives Once Hailed This Case. Now They're at the Supreme Court to Gut It.
The Reagan-era Chevron decision that reined in judges has given
federal agencies too much leeway, challengers say.
(END) Dow Jones Newswires
January 17, 2024 13:00 ET (18:00 GMT)
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