Boeing CEO Dave Calhoun to Step Down in Wake of 737 Max Struggles

Calhoun is set to leave his post at the end of the year. Boeing said its chairman won't stand for re-election. 


 
Ericsson to Cut 1,200 Jobs in Sweden Due to Lower Volumes

The Swedish telecommunications-equipment company said it expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious. 


 
Lufthansa's Stake Acquisition in ITA Airways Could Stifle Competition, EU Says

The European Union said Deutsche Lufthansa's acquisition of a minority stake in ITA Airways, the Italian carrier formerly known as Alitalia, could hinder competition for certain routes in and out of Italy. 


 
Novo Nordisk to Expand Cardio Push with German Buy

Novo Nordisk said it will acquire Cardior Pharmaceuticals for more than $1 billion as the Wegovy maker moves to strengthen its pipeline of drugs to treat cardiovascular disease. 


 
PetroChina Posts Record Profit, but Revenue Misses Estimates

Chinese state-controlled oil company PetroChina said its annual profit rose to a record due to lower operating expenses, but revenue fell on weaker oil prices. 


 
EU Probes Apple, Meta, Google Under New Competition Law

The investigations add to regulatory headaches for U.S. tech companies under growing scrutiny worldwide. 


 
China Evergrande Drops Debt Restructuring Applications in U.S.

The developer had sought a New York court's approval last August to restructure more than $19 billion in offshore debt via Chapter 15 bankruptcy filings. 


 
Are Chinese Tech Stocks Value Plays Now?

Investors are excited about U.S. artificial intelligence, less so about cash-generating Chinese tech. That might-eventually-create some opportunities. 


 
Baidu Shares Rise After Reports of Apple Collaboration

Shares of Baidu rose sharply in Hong Kong after reports of possible collaboration involving artificial intelligence between the Chinese tech giant and smartphone giant Apple. 


 
Nissan Motor Plans to Sell More Than a Dozen New EV Models by 2026

The Japanese carmaker plans to start selling more than a dozen new electric-vehicle models, aiming to boost total car sales by one million units within three years.


(END) Dow Jones Newswires

03-25-24 0915ET