News Highlights: Top Company News of the Day - Tuesday at 9 AM ET

Bank of America Posts Better-Than-Expected Adjusted Profit and Net Interest Income 
 

Bank of America's adjusted earnings in the first quarter were 83 cents a share, beating analysts' estimates of 76 cents.

 
Morgan Stanley Stock Rises as Earnings Top Expectations in New CEO's First Quarter 
 

The earnings come days after a report that federal regulators are looking into the vetting of customers at a core business.

 
Tesla's earnings pressure builds as 'gut-punch' executive departure is confirmed 
 

Tesla Inc. confirmed large-scale job cuts on Tuesday, as well as the departure of a key executive - moves that add pressure ahead of the company's earnings report next week.

 
UnitedHealth Swings to 1Q Loss on Cyberattack-Related Costs 
 

UnitedHealth Group swung to a loss in the first quarter after being the target of a cyberattack that will also hit its full-year results.

 
Johnson & Johnson's profit beats as sales fall slightly short of estimates 
 

Johnson & Johnson's stock fell 0.4% early Tuesday, after the healthcare company posted better-than-expected profit for the first quarter but sales that fell slightly short of expectations.

 
Trump's Truth Social Stake Shrinks by $3 Billion After Stock Tanks 
 

Shares are down about 60% from a recent peak after the first three weeks of trading.

 
Dr. Martens Shares Tumble as Bootmaker Warns of Tough Year 
 

Dr. Martens shares plummeted after the iconic British footwear and clothing brand said Chief Executive Officer Kenny Wilson plans to step down and warned of a challenging year ahead.

 
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 Ups Ante in AI Race With China Through Stake in Abu Dhabi Firm 
 

The $1.5 billion deal between the U.S. tech firm 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.

(END) Dow Jones Newswires

April 16, 2024 09:15 ET (13:15 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.