News Highlights: Top Company News of the Day - Tuesday at 5 AM ET
January 16 2024 - 5:15AM
Dow Jones News
Apple Goes on the Offensive as iPhone Sales Slip in Its Biggest Overseas Market
The company is offering rare discounts in China, including on
its latest iPhones, in a bid to compete with high-end offerings
from Samsung and Huawei.
Shell Sells Nigeria Onshore Oil Business
Shell agreed to sell its Nigerian onshore subsidiary to a
consortium of five companies for up to $2.4 billion.
Chinese Property Stocks Fall on Subdued Sentiment Following Weak Sales
Chinese property stocks fell in Hong Kong on subdued investor
sentiment, with companies reporting weaker contracted sales for
December and the full year of 2023 as the property sector downturn
continues.
Global Battery Race Heats Up With Billions for Europe's Northvolt
The startup plans to use the funding to expand battery
production at a factory in northern Sweden for customers such as
Volkswagen and BMW.
Closing of Kroger, Albertsons, C&S Deal Postponed
The proposed merger of U.S. grocery giants Kroger and
Albertsons, and sale of assets to C&S Wholesale Grocers, will
be later than previously anticipated as the companies continues
discussion with regulators.
Rio Tinto Annual Iron Ore, Aluminum Output Rises
Rio Tinto said it produced more iron ore, aluminum and copper
last year than the year before, reaching annual targets as it
ramped up new mining operations in Australia and Mongolia.
Goldman Sachs Earnings Are Due Today. What They Mean for the Stock.
A shift away from retail could have a large impact on
results.
OpenAI Bans Use of AI Tools for Campaigning, Voter Suppression
The maker of ChatGPT and Dall-E aims to prevent abuse and
increase transparency.
Apple to Remove Blood-Oxygen Sensor From Watch to Avoid U.S. Ban
Tech giant's withdrawal of technology may end cloud hanging over
$18 billion smartwatch business.
Chinese EV-Charging Company Star Charge Aims for Hong Kong IPO in Late 2024
Star Charge, a Chinese maker of electric-vehicle charging
stations, aims to go public in Hong Kong as early as the second
half of 2024, according to people familiar with the matter.
(END) Dow Jones Newswires
January 16, 2024 05:00 ET (10:00 GMT)
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