News Highlights: Top Company News of the Day - Tuesday at 9 PM ET
24 January 2024 - 2:15AM
Dow Jones News
EBay to cut about 1,000 jobs, or 9% of workforce, as it looks to get more 'nimble'
EBay Inc. said late Tuesday it will cut about 1,000 jobs, or 9%
of its full-time workforce, in order to better position the company
for future sustainable growth.
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.
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.
EU Probes Lufthansa's Stake Acquisition in ITA Airways
A deal could hand ITA Airways too much sway at Milan's Linate
airport, according to the commission, making it harder for rivals
to provide passenger air transport services from the hub close to
the city center.
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.
Netflix 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.
(END) Dow Jones Newswires
January 23, 2024 21:00 ET (02:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.