SAP Launches EUR2 Billion Restructuring Affecting 8,000 Jobs Amid AI Push 
 

The German business-software company said it will focus on business-related artificial intelligence.

 
Netflix Places Big Bet on Live Events and Reports Strong Subscriber Growth 
 

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.

 
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.

 
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.

 
Woodside Says Santos Merger Talks Remain at Early Stage 
 

Woodside Energy reported record annual production at the top end of its forecast and said that talks with Santos about a possible merger remain at an early stage.

 
Southwest Airlines Flight Attendants Authorize Strike 
 

TWU Local 556 said that more than 98% of its voting members approved the strike, the first such vote in the union's history.

 
Wayfair Layoffs Focused on Remote Workers 
 

Wayfair employees who work remotely were more likely to be laid off in the latest round of job cuts at the online furniture seller, executives told staff.

 
L.A. Times Layoffs Are Latest Sign of Billionaire's Clipped Ambitions 
 

The publisher of California's most-prominent newspaper, which lost three of its top editors in recent days, is shrinking the newsroom by around 20% in the latest round of cuts.

 
Apple said to be scaling down self-driving Apple car features 
 

Apple has switched to developing a car with basic self-driving features, more in line with Tesla's features.

 
Johnson & Johnson to Pay $700 Million to Settle Baby Powder Probe 
 

The agreement in principle addresses an investigation brought by more than 40 states into the marketing of its talcum-based baby powder.

(END) Dow Jones Newswires

January 23, 2024 19:15 ET (00:15 GMT)