News Highlights: Top Company News of the Day
22 December 2023 - 2:30AM
Dow Jones News
Nike Sends Warning About Slowing Consumer Spending
Sneaker giant cuts revenue outlook and outlines cost-cutting
plan to save up to $2 billion
Big Media Deals Aren't Living Up to the Hype
The chiefs of Warner Bros. Discovery and Paramount met this week
and discussed a potential merger. But results from such big deals
over the past decade haven't been impressive.
Elon Musk tells Cathie Wood he wants to make X a 'giant brain' and financial platform
Musk spoke in a wide-ranging, 100-minute interview with Cathie
Wood, chief executive of investment-management firm ARK Invest, on
X's Spaces app Thursday.
Bezos' Rocket Startup and Cerberus Compete to Buy SpaceX Rival
Blue Origin and Cerberus made buyout bids for a rocket-launch
venture owned by Boeing and Lockheed Martin.
IRS Offers Deal to Employers Who Regret Claiming Pandemic Tax Credit
The Internal Revenue Service will accept 80% repayment of the
employee retention tax credit, or ERC, in exchange for amnesty from
civil penalties.
Energy Company Hess Agrees to Pay Up to $187 Million to Settle Asbestos Claims
With the deal, a bankrupt Hess subsidiary is on its way to exit
chapter 11.
Ultragenyx to Pay $6 Million to Settle Alleged False Medicare, Medicaid Claims
The Justice Department alleges Ultragenyx paid for free genetic
tests for patients, and bought test results, to induce
prescriptions of its drug Crysvita.
U.K. Serious Fraud Office Must Pay Mining Company After Botched Corruption Probe
A court found the agency committed a 'serious breach' when it
privately conferred with a lawyer representing ENRC.
Carnival Stock Is Rising on Record Revenue and Strong Demand
The cruise line posts a better-than-expected fiscal fourth
quarter, including highest-ever revenue for the period, and notes
bookings are strong.
CarMax Stock Is Soaring. Buybacks Resumed, and Earnings Beat.
Used-car retailer CarMax resumed stock repurchases after pausing
for a year. Third-quarter earnings topped views, but sales came in
light.
(END) Dow Jones Newswires
December 21, 2023 21:15 ET (02:15 GMT)
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