Google Trims Hundreds of Jobs as It Marshalls Resources for AI 
 

The cuts affect employees in divisions including hardware and internal software tools.

 
Citigroup Taking Charges on Argentina, Russia and Its Restructuring 
 

The bank's profit will be hit by $1.3 billion in reserves and $780 million in severance charges.

 
KB Homes Reports Lower Revenue But Sees Demand Picking Up Ahead 
 

KB Home's fourth-quarter home deliveries surpassed expectations, but dropped 10% from a year ago. And the average home selling price fell to $487,300, from $510,400 a year ago.

 
Samsung's Lee Family Sells About $2 Billion in Shares to Fund Inheritance Tax 
 

A trust for Samsung's founding Lee family sold about $2 billion in shares to help pay one of the world's largest inheritance-tax bills.

 
Fast Retailing's Net Profit Boosted by Global Revenue 
 

Fast Retailing's fiscal first quarter net profit jumped thanks to sharp increases in revenue and profits at its Uniqlo outlets internationally and in Japan.

 
Thomson Reuters Offers to Buy Sweden's Pagero 
 

Thomson Reuters is launching a $626 million cash bid for Pagero Group, beating a rival offer made by Vertex last month for the Swedish e-invoicing provider.

 
Pat McAfee Says Aaron Rodgers Won't Appear on ESPN Show for Rest of NFL Season 
 

"There are going to be a lot of people that are happy with that, myself included," McAfee said.

 
SAP to Pay More Than $220 Million to End Bribery Probes 
 

Prosecutors said the German software company, which allegedly paid bribes to foreign officials in South Africa and Indonesia, has entered into a deferred prosecution agreement.

 
Amazon Is Laying Off Hundreds at Prime Video, MGM Studios and Twitch 
 

The e-commerce company laid off thousands of employees last year across several business units.

 
Alaska Airlines cancels 737 Max 9 flights through Saturday 
 

Alaska Airlines says it "continues to wait for documentation from Boeing and the FAA to begin inspection of our 737-9 Max fleet."

(END) Dow Jones Newswires

January 11, 2024 03:00 ET (08:00 GMT)