News Highlights: Top Company News of the Day
International Paper Strikes Deal to Divest Russian Pulp Business
With the deal, the American forest-products company becomes the
latest U.S. firm to exit from Russia since Moscow invaded
Rupert Murdoch Withdraws Proposal to Merge Fox Corp. and News Corp
Rupert Murdoch called off his effort to merge the two parts of
his media empire, News Corp and Fox Corp., saying the transaction
"is not optimal" for shareholders of the companies at this
Microsoft Earnings Fall Amid Economic Concerns
The software giant's revenue growth slowed to a more than
six-year low as demand for cloud services cooled.
Carvana Sales Broke State Law in Illinois, According to New Settlement
The online car retailer agreed to surrender a $250,000 bond and
to submit to special inspections.
Johnson & Johnson Profit Falls 25%
The healthcare-products company reported declining sales in the
fourth quarter as demand dropped for its Covid-19 vaccine.
Verizon Adds Subscribers as Guidance Falls Short of Forecasts
The largest U.S. cellphone carrier in terms of subscribers
posted higher revenue for the recently ended quarter.
Auto Insurers' Rising Rates Are No Accident
Travelers has been pushing through premium increases to try to
cover rising loss ratios.
DOJ Sues Google, Seeking to Break Up Online Ad Business
The Justice Department's suit could have major implications for
the digital ad industry.
Elon Musk Testifies in Tesla Tweets Trial That He Was Trying to Inform Investors
The electric-car maker's chief executive said he tweeted about
potentially taking Tesla private to share his thinking with
Taylor Swift Ticketmaster Debacle Prompts Lawmaker Scrutiny of Live Nation
A Senate Judiciary Committee hearing questioned whether
Ticketmaster's 2010 merger with Live Nation has harmed consumers by
(END) Dow Jones Newswires
January 24, 2023 19:15 ET (00:15 GMT)
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