News Highlights: Top Company News of the Day
02 January 2024 - 2:30AM
Dow Jones News
Baidu Terminates $3.6B Deal to Buy JOYY's China Live-Streaming Business
Baidu has called off a $3.6 billion deal to buy JOYY's
video-based entertainment live-streaming business in China saying
certain conditions were yet to be fully satisfied.
Evergrande Auto's Investment Agreement With Dubai Automaker Lapses
China Evergrande's EV business said an agreement for a
Dubai-based automaker to subscribe to its shares has expired,
raising fresh doubts about a potential cash injection.
Big Tech Braces for Wave of Antitrust Rulings in 2024
U.S. antitrust cases against tech giants Google and Meta are
expected to come to a head, likely producing long-awaited rulings
that could shape the legacies of top Biden administration
regulators.
Western Anxiety About Chinese EVs Could Prove Self-Defeating
The U.S. and Europe risk slowing electric-vehicle adoption by
excluding Chinese suppliers from subsidies and raising tariffs.
Electric Scooter IPO to Test Enthusiasm for India's EV Story
The listing will likely draw significant interest from
investors, but there could be some speed bumps ahead for the
budding market.
Auto Insurers Can Go With the Flo
With repair-cost inflation moving in the right direction, car
insurers might have a better drive ahead of them in 2024.
How IKEA Downsized to Go Downtown
The furniture giant is opening compact, city-center stores but
finding the optimal formula for the new, smaller shops hasn't been
easy.
Volkswagen's Elusive Quest to Make an EV for the Masses
The German automaker behind iconic models such as the Beetle is
trying to find similar success in the EV market.
Delta Throttles Back on Pilot Hiring
The airline plans to hire roughly half as many pilots next year
as it did in 2023, the latest sign that a hiring spree is starting
to slow.
Hermès Shines in a Scruffy Luxury Market
Demand for the French brand's products is booming, thanks in
part to an unusual strategy, as rivals struggle.
(END) Dow Jones Newswires
January 01, 2024 21:15 ET (02:15 GMT)
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