News Highlights: Top Company News of the Day - Wednesday at 3 AM ET

Rio Tinto Keeps Guidance Despite Lower Iron-Ore Shipments 
 

Rio Tinto maintained its 2024 guidance after the mining giant reported a 10% fall in first-quarter iron-ore shipments.

 
ASML Orders Miss Forecasts as Demand Recovery Awaited 
 

ASML reported lower orders for the first quarter as chip makers wait for demand to recover but its gross profit margin came in above expectations.

 
Volvo Profits Top Hopes Despite Easing Demand 
 

Volvo posted forecast-beating first-quarter earnings after price increases continued to feed through, helping offset normalizing truck orders and generally declining demand for construction equipment.

 
SK Networks to Sell Car Rental Business as Focus Shifts to AI 
 

SK Networks plans to sell its car rental business to an Asian private-equity firm, a move that would help the South Korean company pare its debt and focus on growing its artificial-intelligence business.

 
Australia's Richest Person Increases Stake in Lynas Rare Earths 
 

Australia's richest person increased her stake in Lynas Rare Earths, prompting the miner's shares to jump more than 5%.

 
United Airlines rallies on profit forecast. But it's adapting to the 'reality' of Boeing's difficulties. 
 

Shares of United Airlines Holdings Inc. rallied after hours on Tuesday, after the airline forecast a second-quarter profit that was above expectations, helped by strong demand and a rebound in business travel.

 
UnitedHealth Stock Soars After Earnings Beat Expectations, Despite Cyberattack 
 

The healthcare and insurance company expects the attack to hit its full-year earnings.

 
J.B. Hunt Earnings Tumble in Weak Freight Market 
 

The key intermodal business saw revenue slide on declining volumes and rates.

 
Conservative Broadcaster OAN Settles Defamation Claims by Voting-Machine Company Smartmatic 
 

The lawsuit alleged the pro-Trump network aired false claims that its voting technology stole votes in the 2020 presidential election.

 
Take-Two Interactive to Cut 5% of Jobs, Slash Projects 
 

The video game maker said the cost-cutting moves are expected to be finished by the end of the year.

(END) Dow Jones Newswires

April 17, 2024 03:15 ET (07:15 GMT)

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