News Highlights: Top Company News of the Day
January 03 2024 - 9:15AM
Dow Jones News
Activist ValueAct Backs Disney Board Slate With Information-Sharing Deal
Walt Disney has signed a confidentiality agreement allowing it
to share company information with shareholder ValueAct Capital
Management and consult with the firm on strategic matters.
U.S. Auto Sales Bounced Back in 2023
Automakers could confront more difficulties this year with
industrywide sales expected to level off.
Tesla Faces a Higher Bar for Hype in 2024
After more than doubling in 2023, the EV maker's shares are
expensive, even relative to analyst profit forecasts that probably
need to be cut.
For Cyber Companies, Economic Turbulence in 2023 Sets Up Uncertain 2024
Instability among cybersecurity providers in the past year has
rattled security chiefs, leaving some hesitant to rely too much on
one supplier.
Airbus In Talks to Buy Atos Cybersecurity Unit
Airbus is entering due diligence to buy Atos's cybersecurity
unit BDS, with an indicative offer valuing the business at up to $2
billion including debt.
Tech's AI Hangover Might Just Be Getting Started
Technology stocks opened the year with a selloff, after
artificial-intelligence hype drove big gains ahead of actual
business growth.
Behind Cheap Stuff From Shein and Temu: A Hard Bargain With Suppliers
The shopping apps throw a lifeline to Chinese exporters, but it
is a trade-off.
Fisher Investments in Sale Talks
Advent International is in talks to acquire Fisher Investments,
the money-management firm known for its ubiquitous
advertisements.
Radio Broadcaster Audacy Prepares to File Bankruptcy Within Weeks
Audacy is preparing to file for bankruptcy within weeks after
declining advertising revenue made the radio network unable to
service its nearly $2 billion debt load, according to people
familiar with the matter.
Bloomin' Brands Names Two Directors in Agreement With Starboard Value
Bloomin' Brands has appointed two new members of its board as
part of an agreement with activist investor Starboard Value.
(END) Dow Jones Newswires
January 03, 2024 09:00 ET (14:00 GMT)
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