Ford to Cut Production of Electric F-150 Pickups Amid Weaker Demand

Ford will slash production of its electric pickup, the F-150 Lightning, after seeing weaker-than-anticipated demand. 


 
Spirit Airlines Looking to Refinance $1.1B in Debt

Spirit Airlines said it was considering refinancing $1.1 billion in debt due in 2025.. 


 
Wayfair Boss, Weeks After Viral Memo, Cuts 13% of Staff

Chief Executive Niraj Shah says the online retailer went "overboard" in hiring. 


 
Tata Steel Says Up to 2,800 Workers Will Be Affected by U.K. Business Restructure

Tata Steel said it expects up to 2,800 employees will be affected from a restructuring of its U.K. business, in a move to reverse more than a decade of losses and transition to a sustainable steel business from the legacy blast furnaces. 


 
Apple Offers to Open Mobile Payments to Third Parties Amid EU Antitrust Case

Apple has committed to address antitrust concerns posed by the European Commission surrounding the popular Apple Pay app. 


 
Travelers Stock Pops. Insurer Tops Earnings Estimates on Lower Catastrophe Losses.

Travelers posts fiscal fourth-quarter core earnings of $7.01 a share, which beat Wall Street estimates of $5.10 a share. 


 
SLB Tops Earnings Estimates and Boosts Dividend. International Growth Is Strong.

The oil services provider posts adjusted earnings of 86 cents a share, beating analysts' forecasts by 2 cents. 


 
BASF Results Miss Forecasts

BASF reported preliminary figures for 2023 that were below the company's guidance and consensus expectations, hit by write-downs and sales of lower-margin products. 


 
EU Commission Intends to Block Amazon's iRobot Acquisition

The European Union's competition watchdog is weighing the tech giant's $1.7 billion bid to purchase Roomba maker iRobot. 


 
Wendy's CEO Todd Penegor to Exit, PepsiCo Executive Kirk Tanner Named Successor

The fast-food chain said Penegor, who has served as CEO since 2016 and joined the company a decade ago, will leave in February.


(END) Dow Jones Newswires

01-19-24 0915ET