News Highlights: Top Company News of the Day - Tuesday at 11 AM ET
January 16 2024 - 11:15AM
Dow Jones News
Goldman Sachs Reports Sharply Higher Earnings
The strength wasn't in Goldman's traditional powerhouses,
investment banking and trading.
Synopsys to Acquire Ansys in $35 Billion Deal
Synopsys will acquire Ansys in a cash-and-stock deal giving the
design-software company an enterprise value of about $35
billion.
Morgan Stanley Earnings Didn't Look That Bad. The Stock Is Tumbling.
The company says results were affected by a settlement with
regulators over block-trading fraud charges and by a charge related
to an FDIC special assessment.
Shell Suspends Red Sea Shipments Amid Fears of More Houthi Attacks
The oil major joins other global shippers, including other
energy companies, in deciding to avoid the Red Sea.
Elon Musk Seeks Greater Control Over Tesla Ahead of AI Advancements
The billionaire said in a post to X that he feels uncomfortable
making the auto company a champion of artificial intelligence
without holding about 25% of the company.
Diageo Settles Disputes With Rapper Diddy
The liquor maker said Combs has withdrawn all of his allegations
about Diageo and will voluntarily dismiss his lawsuits against the
company with prejudice.
Restaurant Brands To Acquire Largest Burger King Franchisee In U.S. For $1 Billion
Burger King-owner Restaurant Brands International will acquire
Carrols Restaurant Group for about $1 billion in cash.
J.P. Morgan Securities to Pay $18 Million for Whistleblower Protection Violations
A JPMorgan Chase subsidiary will pay $18 million to settle
charges that it violated protections for whistleblowers.
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.
Profits Comeback Paired With Rate Cuts Make a Powerful Mix
Companies put the earnings recession further behind them in the
fourth quarter, even as rates are set to start falling.
(END) Dow Jones Newswires
January 16, 2024 11:00 ET (16:00 GMT)
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