News Highlights: Top Company News of the Day - Wednesday at 11 AM ET
24 January 2024 - 4:15PM
Dow Jones News
Kimberly-Clark Stock Falls After Earnings. At Least There Was Another Dividend Hike.
Consumer-products company Kimberly-Clark lifts its dividend once
again, but investors are focused on the numbers that missed
estimates.
Chipotle to Offer New Benefits to Draw Younger Workers for Burrito Season
The company wants to hire 19,000 workers and entice them with
free mental-health counseling.
Abbott Laboratories Stock Is Down. Earnings and Sales Aren't the Problem.
Abbott, a maker of healthcare products, posted fourth-quarter
earnings in line with expectations, and beat sales estimates.
Regional Banks Had Another Bad Quarter
The 2023 bank crisis is over, but the worst may be yet to come
for some regional and community lenders.
AT&T posts subscriber beats, but stock slips after earnings
AT&T expects to see further improvements to free cash flow
in the year ahead as its wireless and fiber businesses continue to
grow.
DuPont stock dives as weak China, inventory cuts prompt profit warning
Shares of DuPont de Nemours Inc. tumbled Wednesday, toward their
worst day in nearly four years, after the materials science company
issued a profit warning, as the weaker demand seen at the end of
2023 is expected to continue.
Alibaba Shares Rise as Co-Founders Buy Stock
Jack Ma and Joe Tsai bought about $200 million of the company's
stock in the latest quarter, giving the Chinese tech giant some
welcome news amid a monthslong slide.
J&J Can't Promise Wall Street No More Tears
Some investors struggle with owning the shares because of
uncertainty over ongoing baby powder lawsuits.
Bill Ackman, Neri Oxman Buy Stake in Tel Aviv Stock Exchange
Hedge-fund billionaire Bill Ackman and designer Neri Oxman have
taken a stake of about 4.9% in the Tel Aviv Stock Exchange, valued
at around $27 million at current market prices.
Apple Plans New Fees and Restrictions for Downloads Outside App Store
Meta, Spotify and other companies are weighing new options for
customers as Apple makes changes to comply with a new European
law.
(END) Dow Jones Newswires
January 24, 2024 11:00 ET (16:00 GMT)
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