Google Trims Hundreds of Jobs as It Marshalls Resources for AI

The cuts affect employees in divisions including hardware and internal software tools. 


 
Citigroup Taking Charges on Argentina, Russia and Its Restructuring

The bank's profit will be hit by $1.3 billion in reserves and $780 million in severance charges. 


 
Samsung's Lee Family Sells About $2 Billion in Shares to Fund Inheritance Tax

A trust for Samsung's founding Lee family sold about $2 billion in shares to help pay one of the world's largest inheritance-tax bills. 


 
Pat McAfee Says Aaron Rodgers Won't Appear on ESPN Show for Rest of NFL Season

"There are going to be a lot of people that are happy with that, myself included," McAfee said. 


 
KB Homes Reports Lower Revenue But Sees Demand Picking Up Ahead

KB Home's fourth-quarter home deliveries surpassed expectations, but dropped 10% from a year ago. And the average home selling price fell to $487,300, from $510,400 a year ago. 


 
SAP to Pay More Than $220 Million to End Bribery Probes

Prosecutors said the German software company, which allegedly paid bribes to foreign officials in South Africa and Indonesia, has entered into a deferred prosecution agreement. 


 
Amazon Is Laying Off Hundreds at Prime Video, MGM Studios and Twitch

The e-commerce company laid off thousands of employees last year across several business units. 


 
Alaska Airlines cancels 737 Max 9 flights through Saturday

Alaska Airlines says it "continues to wait for documentation from Boeing and the FAA to begin inspection of our 737-9 Max fleet." 


 
3M's CEO is in line for a $26 million pension - as company freezes the plan for employees

Another U.S. corporation cuts retirement benefits for its workers while fattening benefits for the people in its executive suites. 


 
Skydance Backers Explore All-Cash Deal to Gain Control of Paramount

CEO David Ellison, father Larry Ellison and other investors are in talks to buy Shari Redstone's stake in National Amusements, Paramount's parent.


(END) Dow Jones Newswires

01-11-24 0115ET