United sees bigger-than-expected first-quarter loss after 737 Max groundings - but here's why the stock is rallying anyway

Shares of United Airlines Holdings Inc. rallied after hours on Monday after the airline forecast full-year profit that was better than expected, following a jump in sales for both its premium-cabin offerings and its cheaper basic economy fares. 


 
Amazon Hopes to Dominate the World of Streaming Ads. It Faces Some Challenges Along the Way.

The e-commerce giant must provide more high-quality content and court advertisers that don't sell products on its platform, experts say. 


 
FAA Calls for Door-Plug Checks on Another Boeing Jet

The Federal Aviation Administration is recommending that airlines check a second type of Boeing jet that uses the same kind of door plug as the one that blew out of an Alaska Airlines flight earlier this month. 


 
Charles Schwab Just Survived a Year From Hell. The Trouble Isn't Over Yet.

Executives said financial results should improve in the year ahead. Many employees, still stung by layoffs, remain uneasy. 


 
Exxon Sues Two ESG Investors

The oil giant says Arjuna Capital and Follow This want Exxon's oil-and-gas business to shrink, putting them at odds with shareholders. 


 
Billionaire Howard Lutnick Is Taking On Exchange Giant CME

Cantor Fitzgerald's CEO previously helped transform the bond market. Now he plans to introduce a new market for interest-rate futures. 


 
Iluka Extends Pause on Some Synthetic Rutile Output; Reports Annual Sales Drop

The miner said sales of its core mineral sands products-zircon, rutile and synthetic rutile-fell by 22% in 2023, and that total mineral sands revenue was 19% weaker year-on-year. 


 
Australia Sanctions Russian Individual for Medibank Cyberattack

Australia has sanctioned a Russian individual for his role in a cyberattack on health insurer Medibank, the first time that Australia's cyber sanctions framework has been used, officials said. 


 
Sunoco to Buy NuStar Energy in $7.3 Billion Deal

Fuel distributor Sunoco has agreed to buy liquids terminal and pipeline operator NuStar Energy in a stock-swap transaction valued at about $7.3 billion, including assumed debt. 


 
Marriott and Hilton added thousands of hotel rooms in 2023 amid travel rebound

Both Marriott and Hilton said that they see the increase in room and travel demand continuing through 2024.


(END) Dow Jones Newswires

01-22-24 1915ET