News Highlights: Top Company News of the Day
27 December 2023 - 6:15PM
Dow Jones News
Apple Wins Temporary Reprieve as U.S. Court Pauses Watch Ban
A U.S. appeals court on Wednesday paused a federal agency's
import ban on most of Apple's watch models.
New York Times Sues Microsoft and OpenAI, Alleging Copyright Infringement
The Times said the tech companies' AI tools use its content
without permission. The tech companies have said training AI with
web content is fair use.
Williams Cos. to Buy Gulf Coast Natural Gas Storage Portfolio for $1.95 Billion
Energy infrastructure company Williams Cos. has inked a deal to
buy a portfolio of Gulf Coast natural-gas storage assets from an
affiliate of commodities-trading company Hartree Partners for $1.95
billion.
The Pandemic's E-Commerce Stars Are Coping
Online retailers that experienced dizzying growth in 2020 and
2021 are settling into their postpandemic reality.
Hapag-Lloyd to Continue Avoiding Red Sea Route
German shipping company Hapag-Lloyd said it will continue to
avoid the Red Sea because it considers the area is still too
dangerous despite the U.S. and allies deploying naval ships to
deter further strikes by Houthi militants.
Can Obesity Firms Continue Their Outperformance in 2024?
In pharma, a company can take a larger slice of the healthcare
pie than peers, but it is still constrained by the size of the
pie.
The Chip Wars Are Metastasizing
The fight for chip tech supremacy has begun to migrate into a
new area: how to package chips together to achieve better
performance.
Tesla Has a Plan to Stay in the China EV Race
Tesla is preparing to launch a revamped version of its popular
Model Y SUV at its plant in Shanghai, according to a report.
Boart Longyear Agrees to Takeover by American Industrial Partners
Drilling services company Boart Longyear has agreed to a
takeover by American Industrial Partners Capital Fund VIII in a
deal that values its stock at around US$371 million.
SoftBank Shares Hit Over Two-Month High on T-Mobile Stock Gains
SoftBank Group's shares rose on potential investment gains the
conglomerate could record as it receives additional shares of
T-Mobile US.
(END) Dow Jones Newswires
December 27, 2023 13:00 ET (18:00 GMT)
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