News Highlights: Top Company News of the Day - Friday at 1 PM ET

Provided by Dow Jones

Oct 4, 2024 5:15pm

Jeep Parent Stellantis Taking 'Drastic Measures' to Conserve Cash

The company's finance chief revives 'doghouse' requirements at global automaker to curb spending, reverse falling profits.

 
Container-Ship Stocks Fall After U.S. Port Strike Ends

Shares dropped as much as 16% as the agreement nixed for now the prospects of higher freight rates.

 
OpenAI is Putting Down Office Roots in New York

The maker of ChatGPT reached an agreement to rent 90,000 square feet in Manhattan's landmark Puck Building.

 
Spirit Airlines Dives 34% Amid Bankruptcy Report

The low-cost carrier is having a nightmarish 2024, with its shares down 86% even before Thursday's news.

 
ULA Launches Vulcan Rocket, Pushing to Begin National-Security Flights

The rocket company, jointly owned by Boeing and Lockheed Martin, has been racing to prepare its vehicle to carry military satellites.

 
Can a 'Precision Scheduling' Expert Fix Berkshire Hathaway's Railroad?

Warren Buffett's designated successor is taking a hands-on approach with BNSF Railway, one of Berkshire's biggest companies.

 
Norwegian Air Shuttle Warns on Costs as Boeing Delivery Delays Drag On

The low-cost carrier will prioritize cost-saving measures as a strike at Boeing further delays deliveries of new aircraft.

 
Google Threatens to Stop Linking to News in New Zealand

Google threatened to stop linking to news in New Zealand if lawmakers pass a bill aimed at making digital platforms pay media outlets.

 
Rivian Stock Falls. Production Is a Problem.

The company revises its 2024 production guidance midpoint to 48,000 vehicles, down from prior guidance of 57,000 vehicles.

 
Robotaxis Can't Be a Solo Act

Networks of expensive, self-driving cars need a wide base of paying riders, which could make Uber essential to Tesla's success.

(END) Dow Jones Newswires

October 04, 2024 13:15 ET (17:15 GMT)

Market Updates