News Highlights: Top Company News of the Day - Tuesday at 5 AM ET
International Paper Buys DS Smith in All-Share Deal
International Paper has agreed to buy London-listed peer DS Smith for roughly $7.2 billion in an all-share deal, outgunning a rival bid from Mondi to form a global packaging leader.
Microsoft to Invest $1.5 Billion in U.A.E. AI Firm
The deal between the tech giant and Abu Dhabi-based G42 signals a pivot for the Gulf state toward Washington.
Ericsson Mobile Network Weakness to Continue Through 2024
Ericsson expects the mobile-network market to continue falling at least through the end of this year, as customer spending remains cautious and investments in India slow further.
Baidu Says Ernie AI Chatbot Now Has 200 Million Users
The number of users of Baidu's Ernie Bot, China's most popular ChatGPT-style chatbot, has doubled in recent months to 200 million, according to the company.
Chinese Developer Sinks After HSBC Subsidiary Files Liquidation Petition
A subsidiary of HSBC wants to liquidate debt-troubled Times China, in another instance of creditors seeking to recoup funds from developers amid China's protracted property slump.
Alantra Partners Leads Growth Deal for Energy AI-Software Maker GridBeyond
GridBeyond's software uses artificial intelligence to help owners of renewable-power assets manage their systems.
Evolution Equity Raises $1.1 Billion for Cybersecurity Bets
Evolution Equity Partners has wrapped up fundraising with $1.1 billion collected for a fund to back cybersecurity companies through growth investments.
Bank of America Set to Report Earnings as High Interest Rates Cut Both Ways
Analysts polled by FactSet expected the bank to report earnings of $0.76 per share on revenue of $25.5 billion.
Morgan Stanley Is Set to Report First Quarterly Results Under New CEO
The earnings come days after a report that federal regulators are looking into the vetting of customers at a core business.
Johnson & Johnson to Report Earnings as Talc Issues Loom
Pharmaceuticals firm Johnson & Johnson kicks off earnings season for the sector on Tuesday. Investors want executives to put to rest ongoing talc litigation.
(END) Dow Jones Newswires
April 16, 2024 05:15 ET (09:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
5 Undervalued Stocks to Buy to Play a Little Defense
-
Markets Brief: AI Leaders Excel In Earnings Season So Far
-
What History Tells Us About the Fed’s Next Move
-
What’s Happening In the Markets This Week
-
Alphabet’s New Dividend: What Investors Need to Know
-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?
-
What’s the Difference Between the CPI and PCE Indexes?
-
After Earnings, Is Tesla Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is GE Aerospace Stock a Buy, a Sell, or Fairly Valued?
-
3 Good Stocks to Buy with Your Tax Refund in 2024 (Or with Any Extra Money)
-
SoFi Earnings: Revenue Growth Slows on Lower Loan Growth and Higher Credit Costs
-
Tesla: Full Self-Driving Approval In China Supports Our View for Deliveries Growth In 2024
-
Philips Earnings: Firm Reaches $1.1 Billion Settlement Agreement
-
AbbVie Earnings: Next-Generation Immunology Drugs Help Offset Humira Biosimilar Pressure
-
Exxon Earnings: Ignore Earnings Shortfall as Long-Term Growth and Improvement on Track