News Highlights: Top Company News of the Day
05 January 2024 - 10:15AM
Dow Jones News
Exxon Mobil Expects Up to $2.6 Billion in Upstream Impairments
Exxon Mobil is expecting up to $2.6 billion in impairments in
the fourth quarter for its upstream business, mostly related to
idled assets in California.
New Management at Lucky Bucks Sues Former Executives, Alleges Fraud
The slot machine operator formerly known as Lucky Bucks is suing
members of its former management and their affiliates, seeking the
return of approximately $200 million and accusing them of
defrauding the company.
Berkshire Buys More Liberty SiriusXM Tracking Stock
The Warren Buffett-led company paid about $82 billion for voting
and nonvoting shares, which trade at a discount to the value of
Liberty's stake in Sirius XM Holdings.
Tesla to recall 1.6 million vehicles in China
Tesla will recall 1.62 million vehicles in China, over concerns
about steering software, news agencies reported Friday, citing a
government statement.
SpaceX Sues Labor Board Over Employee Firings
At issue is the company's decision to fire several SpaceX
employees who circulated a letter critical of Elon Musk in
2022.
Supermarket Giant Drops Pepsi and Lay's Over Price Increases
Carrefour stopped selling PepsiCo products in France, Italy,
Spain and Belgium because of what it called unacceptable price
increases.
Covid-19 Treatment Developer Humanigen Files for Bankruptcy
California-based company says FDA's rejection of lenzilumab is a
major cause of its financial troubles.
Health Insurers Invest in Digital to Boost Drug-by-Mail Delivery
Most people still pick up prescriptions at their local
drugstore. More and more insurance companies want to just mail
medications-and are working on their apps to make that happen.
Walgreens' stock turns sharply lower after dividend halved to bolster 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.
DocGo CEO Defends Performance on New York City Migrant-Care Contract
DocGo Chief Executive Lee Bienstock is standing by the
mobile-healthcare company's performance under a controversial
migrant-care contract awarded by New York City.
(END) Dow Jones Newswires
January 05, 2024 05:00 ET (10:00 GMT)
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