News Highlights: Top Company News of the Day - Wednesday at 7 AM ET
ASML Lackluster Orders Miss Forecasts as Demand Recovery Awaited
ASML reported lower orders for the first quarter as chip makers wait for demand to recover before securing key production equipment for the coming years.
General Electric's Power Spinoff Could Be Formidable Once Fully Charged
GE Vernova is expected to turn profitable this year and benefit from growing electricity demand.
VW Workers Vote on Unionizing Tennessee Plant in Latest UAW Push
The union is aiming to use the momentum from the Detroit deals to expand in the South by organizing a factory owned by a foreign automaker.
Nelson Peltz Got Crushed by Disney. Can He Recover?
After his Trian Partners lost its proxy fight, a big bet on Unilever comes into focus.
Apple Weighs Manufacturing in Indonesia Amid Diversification Drive
Apple will consider making some of its products in Indonesia, Chief Executive Tim Cook said, coming on the heels of a plan by the U.S. tech giant to ramp up investment in neighboring Vietnam.
Just Eat Orders Drop But Keeps Outlook
Just Eat Takeaway.com reported a decline in gross transaction value on lower orders for the first quarter and backed its full-year profit guidance.
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%.
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.
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.
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.
(END) Dow Jones Newswires
April 17, 2024 07:15 ET (11:15 GMT)
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