News Highlights: Top Company News of the Day
December 07 2023 - 1:30PM
Dow Jones News
Washington Post Staffers Stage One-Day Strike
The work stoppage, the first of this scale since the 1970s,
comes amid tensions over pay and planned job cuts.
Woodside Energy, Santos in Talks to Create Global Energy Giant
The Australian companies said a merger could result in a new
global company worth around $52 billion.
JetBlue Airways Lifts Forecasts on Strong Holiday-Travel Demand
JetBlue Airways lifted its outlook for fourth-quarter sales,
saying that demand for travel is holding up and bookings have
accelerated into the holidays.
Once Unstoppable, Alibaba Is Now Faltering
Alibaba was a major driver of China's growing consumer economy.
Now it has lost its lead-even in online shopping.
Morgan Stanley Raises Nearly $1.2 Billion for Late-Stage Growth Investing
The bank's asset management arm closed growth and credit funds
to back private companies.
Merck Scraps Phase 3 Keytruda-Lynparza Lung Cancer Study
Merck & Co. is ending a late-stage study of the combination
of Keytruda and Lynparza in certain lung cancer patients due to an
expected failure of the trial.
AMD's Piece of the AI Pie Will Need to Prove Sticky
The chip maker's latest AI processors is likely to hit near-term
targets, but carving out a lasting share against Nvidia will be the
real trick.
Shopping for Luxury Online Has Fallen Out of Fashion
Stocks that unite two of the world's most successful industries,
European luxury and American tech, might sound like winners.
Instead, companies that sell luxury goods online have turned into
quicksand for investors.
KPMG UK in merger talks with Swiss arm
KPMG UK's chief executive Jon Holt said the two firms were
examining a merger
Chris Hohn's TCI Fund Management sees profit fall 48%
Turnover drops from $1.19bn to $701m as City hedge funds
struggle
(END) Dow Jones Newswires
December 07, 2023 13:15 ET (18:15 GMT)
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