News Highlights: Top Company News of the Day
04 January 2024 - 2:15PM
Dow Jones News
Walgreens' stock jumps after earnings beat, dividend cut to boost cash flow
Walgreens Boots Alliance's stock rallied Thursday, after the
drugstore chain and healthcare services company beat fiscal
first-quarter earnings expectations, and nearly halved its dividend
to bolster its cash position.
Energy Company APA to Buy Callon Petroleum in $4.5 Billion Deal
Energy company APA has agreed to buy smaller peer Callon
Petroleum in a stock-swap deal valued at about $4.5 billion,
including assumed debt.
Google Is Finally Killing Cookies. Advertisers Still Aren't Ready.
The search giant plans to remove a technology seen as critical
to the digital-ad industry.
EV Startup Fisker Ditches Tesla-Style Direct Sales Model
The CEO said that direct-to-consumer sales are more expensive
than expected for the electric-vehicle startup.
Jeff Bezos Bets on a Google Challenger Using AI to Try to Upend Internet Search
Perplexity, with a fraction of Google's users, raised the
largest sum by an internet search startup in recent years.
Canadian Cities, First Nations Oppose Purdue Opioid Settlement That Left Them Empty-Handed
The U.S. Supreme Court review of Purdue Pharma's $6 billion
opioid settlement could open the door for Canada's municipalities
and First Nations to seek compensation they say has been denied
them.
Cyber Leaders With Tight Budgets Still Must Secure AI, Cloud
The new year brings new pressure for security chiefs to justify
cyber spending.
Next Hikes Profit Forecasts Again
Next raised its profit guidance for the fifth time in fiscal
2024 after sales in the pre-Christmas business period were better
than expected.
BAE to Restart Howitzer Production to Meet Rising Demand
The British defense company said it will resume making M777
Howitzer parts for the U.S. Army after the big gun's success in
Ukraine.
Labor Board Backs Fired SpaceX Employees
SpaceX is accused of violating labor law by firing several
employees involved in a letter critical of founder Elon Musk.
(END) Dow Jones Newswires
January 04, 2024 09:00 ET (14:00 GMT)
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