News Highlights: Top Company News of the Day - Tuesday at 7 AM ET

Paramount Faces a Mountain of Distrust 
 

The ownership structure shades deal talks, leaving regular shareholders with few options aside from voting with their feet.

 
Chevron Exits Myanmar With Withdrawal From Natural Gas Project 
 

Chevron has completed its exit from Myanmar, two years after saying it would depart the troubled Southeast Asian nation in the wake of a military coup.

 
BP Expects Profit Lift from Output Boost 
 

BP expects a boost to first-quarter profits from higher oil, gas and low-carbon energy production, despite weaker gas prices.

 
Atos Reaches Interim Financing Deal, Awaits Cash Injection 
 

Atos said it reached an agreement in principle with a group of banks, bondholders and the French State for much-needed liquidity until it strikes a definitive refinancing deal with creditors to cut debt and restore profitability.

 
HSBC to Sell Argentina Business in Latest Market Exit 
 

HSBC Holdings is selling its Argentina business for over half a billion dollars, the bank's latest exit from markets that are no longer core to its business strategy.

 
Artificial Intelligence's 'Insatiable' Energy Needs Not Sustainable, Arm CEO Says 
 

Arm Chief Executive Rene Haas said a push for energy efficiency is needed in artificial-intelligence applications.

 
The Black Market That Delivers Elon Musk's Starlinks to U.S. Foes 
 

The satellite-internet devices are helping Russian fighters in Ukraine and paramilitary forces in Sudan. SpaceX hasn't shut them off.

 
Esprit's Belgium Unit Files for Insolvency 
 

Fashion retailer Esprit's Belgium subsidiary has filed for insolvency due to rising costs and cash flow difficulties.

 
Elon Musk stands his ground on EV adoption, but admits threat of Chinese competition 
 

The Tesla chief executive said China is a threat across the auto sector, and not just in electric vehicles.

 
Tesla Agrees to Settle Lawsuit Over Autopilot's Involvement in 2018 Fatal Crash 
 

The settlement comes days before attorneys were poised to deliver opening statements.

(END) Dow Jones Newswires

April 09, 2024 07:15 ET (11:15 GMT)

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