News Highlights: Top Company News of the Day - Thursday at 7 AM ET
January 18 2024 - 7:15AM
Dow Jones News
Samsung Kicks Off AI Upsell Cycle
Smartphone and PC makers are banking on AI-enabled devices to
revive sales this year.
Hyundai, Kia Emerge as Tesla's Biggest U.S. Rivals on EVs
A pair of allied Korean carmakers are pushing to launch electric
vehicles ahead of competitors.
Chip Giant TSMC Foresees Delay at Second Arizona Plant
The announcement offers further evidence that the $40 billion
project, a showpiece of the Biden administration's effort to remake
the U.S. as a chip hub, is running into challenges.
Spotify Dominates Audio Streaming, but Where Are the Profits?
The company has expanded beyond music to stay ahead but has
struggled to make money.
Boeing Secures Orders for 150 Max Jets, A Boost Amid U.S. Grounding
Boeing said it had agreed to deliver 150 of its 737 MAX aircraft
to India's Akasa Air, providing a vote of confidence in one of the
industry's fastest-growing markets as the plane maker faces
pressure from regulators over a structural failure involving a
different variant of its MAX jets.
Companies Snap Up New Clean-Energy Tax Credits
A new government program is designed to funnel cash quickly to
renewable-energy developers, potentially accelerating the
transition from fossil fuels.
BHP Reviews Nickel Plans Amid Market Rout
BHP Group, the world's largest miner by market value, has joined
several other producers in saying it will rethink plans for its
nickel business to help it ride out the industry downturn.
Richemont Rises After Sales Show Resilience
Richemont reported sales above expectations for its fiscal third
quarter, but confirmed slowing growth faced by the luxury sector as
a whole.
Children on Instagram and Facebook Were Frequent Targets of Sexual Harassment, State Says
A 2021 Meta Platforms presentation estimated 100,000 child users
were harassed daily, according to unredacted portions of a New
Mexico lawsuit.
Sheryl Sandberg to Leave Meta Platforms Board After 12 Years
Sandberg said she will not stand for re-election to the board in
May, and that she will serve as an adviser to the company.
(END) Dow Jones Newswires
January 18, 2024 07:00 ET (12:00 GMT)
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