Ericsson Lays Off More Than 200 Employees in China

Ericsson has laid off 240 employees in China, part of a restructuring in the country that will affect one of its largest research hubs globally. 


 
Blackstone Posts Slight Earnings Beat, Raises $34 Billion in First Quarter

Total assets under management rise to $1.06 trillion in the first quarter at Blackstone. 


 
Alaska Air's stock up 1.6% after carrier's loss is narrower than expected

Alaska Air Group has received $162 million in initial cash comp from Boeing over window blowout 


 
D.R. Horton's stock rallies as limited home supply boosts profit and sales

D.R. Horton's stock rallied Thursday, after the home builder reported quarterly earnings that rose well above expectations, as the continued lack of housing supply helped boost sales. 


 
Grayscale's Once-Mighty Fund Is Bleeding Bitcoin

The asset manager has resisted a significant fee cut, insisting that rising bitcoin prices will continue to buoy its fortunes. 


 
AI Chips Drive Growth at TSMC

The semiconductor giant's CEO expects AI to account for a fifth of the company's revenue by 2028 amid what he called insatiable demand. 


 
For Tesla, India Represents Big Promise-and Some Peril

A factory in India would be a significant risk-but maybe one worth taking. 


 
Nokia Expects Demand in Mobile Networks to Pick Up

Nokia posted first-quarter earnings that beat expectations and said the period marked the low point in mobile networks demand, with activity expected to progressively pick up through the remainder of 2024. 


 
EasyJet Sees Narrower Loss as Travel Demand Builds

EasyJet expects to report a headline pretax loss of roughly $423 million-$448 million in the first half, with demand for summer bookings continuing to build. 


 
BP to Simplify Structure, Trim Leadership Team

BP said the changes are part of a plan to turn it into an integrated energy company and invest more in low-carbon activities.


(END) Dow Jones Newswires

04-18-24 0915ET