SAP Launches AI-Focused Restructuring 
 

SAP said it would undertake a roughly EUR2 billion restructuring this year that will affect 8,000 jobs as it ratchets up its focus on business-related AI.

 
Rio Tinto Inks Power Deal With European Energy for Giant Australia Solar Farm 
 

Rio Tinto said it has agreed to buy electricity from the planned Upper Calliope solar farm in eastern Australia to power its Gladstone operations.

 
EBay to Cut Staff by 9%, Citing More Competition 
 

The online marketplace will lay off about 1,000 full-time employees, part of efforts to boost performance at a time of rising competition and softer consumer spending.

 
Country Garden Seeks to Raise Over $500 Million in Asset Sales 
 

Troubled Chinese property developer Country Garden Holdings is seeking to sell a host of properties in Guangzhou city to raise up to $534.5 million, amid its efforts to restructure billions of dollars in offshore debt.

 
Shein Faces Scrutiny From All Sides. Its IPO May Hit Snags. 
 

The online fast-fashion company is dealing with a range of issues both in China and in the U.S.

 
United Puts Boeing on Notice. It's Looking at Other Jets. 
 

United Airlines management expressed frustration with Boeing on its fourth quarter earnings conference call on Monday.

 
Woodside Energy Merger Talks With Santos Reflect Asia LNG Expectations, CEO Says 
 

Woodside Energy's pursuit of a combination with Santos to create a global energy giant worth over $50 billion is a bet that demand for liquefied natural gas will remain strong, said Chief Executive Meg O'Neill.

 
Netflix's Subscribers, Revenue Surge as It Cracks Down on Password Sharing 
 

Netflix is ramping up its investments in live programming with a deal for WWE wrestling rights, as it continues to add new customers at a rapid clip. Shares rose about 8% after hours.

 
GameStop shares slide as original meme stock's struggles continue 
 

The videogame retailer snapped its four-day winning streak Tuesday.

 
Private-Equity-Owned Medical Apparel Seller Careismatic Files for Bankruptcy 
 

Medical scrubs designer and distributor Careismatic Brands filed for bankruptcy to eliminate $833 million in debt, a restructuring prompted by falling demand and higher interest rates.

(END) Dow Jones Newswires

January 24, 2024 03:00 ET (08:00 GMT)