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 09:15 ET (14:15 GMT)