Boeing Withdraws Safety Exemption Request for MAX 7

Boeing is withdrawing a request for a safety exemption for a new MAX series jet that would have allowed U.S. regulators to speed up its approval, a decision that comes as the plane maker faces heightened scrutiny. 


 
Toyota Group's Global Sales Hit a Record for 2023

Toyota Motor set a new record high for group sales globally as it recovered from a pandemic-driven slump and a global chip shortage, cementing its position as the world's biggest carmaker 


 
BYD Shares Fall as China's Auto Price War Weighs on Bottom Line

Shares of Chinese electric-vehicle maker BYD were lower after its latest profit forecast fell short of expectations, amid an intensifying price war among China's automakers. 


 
Wild Swings for China Evergrande Unit Stocks After Liquidation Order

Shares of Evergrande's units saw volatile trade a day after the Chinese property giant was ordered to turn over its assets to liquidators. 


 
Hapag-Lloyd Profits Slide on Freight-Rate Slump

Hapag-Lloyd reported sharply lower underlying earnings and an operating loss for the fourth quarter after revenue more than halved, hit by a steep drop in freight rates. 


 
Diageo Profit Falls, Sales Miss Consensus

Diageo said profit for the first half of fiscal 2024 fell, dragged by sharply lower revenue in Latin America and the Caribbean, while organic net sales dropped 0.6%, missing its expectations of flat growth. 


 
Elon Musk Says Neuralink Has Implanted Brain Chip in Human

The announcement represents a potential milestone in the development of "brain-computer interface" technology. 


 
UPS Earnings Could Say a Lot About the Economy and Labor Costs

For the fourth quarter, Wall Street expects UPS to report earnings per share of about $2.44. A year ago, the company reported EPS of $3.62. 


 
Big Pharma Reports Earnings After a Year in ICU

While the S&P 500 rose 24% in 2023, the S&P 500 Pharmaceuticals industry index slipped 2.2%. Lilly and Novo Nordisk were the exceptions in a slumping sector. 


 
JetBlue Reports Earnings Soon. It's Time to Look Past Spirit Airlines.

The low-cost carrier JetBlue reports fourth-quarter numbers Tuesday. It will give insight into the airline's future without Spirit Airlines' growth opportunity.


(END) Dow Jones Newswires

01-30-24 0315ET