Goldman Sachs Reports Sharply Higher Earnings

The strength wasn't in Goldman's traditional powerhouses, investment banking and trading. 


 
Synopsys to Acquire Ansys in $35 Billion Deal

Synopsys will acquire Ansys in a cash-and-stock deal giving the design-software company an enterprise value of about $35 billion. 


 
Morgan Stanley Earnings Didn't Look That Bad. The Stock Is Tumbling.

The company says results were affected by a settlement with regulators over block-trading fraud charges and by a charge related to an FDIC special assessment. 


 
Shell Suspends Red Sea Shipments Amid Fears of More Houthi Attacks

The oil major joins other global shippers, including other energy companies, in deciding to avoid the Red Sea. 


 
Elon Musk Seeks Greater Control Over Tesla Ahead of AI Advancements

The billionaire said in a post to X that he feels uncomfortable making the auto company a champion of artificial intelligence without holding about 25% of the company. 


 
Diageo Settles Disputes With Rapper Diddy

The liquor maker said Combs has withdrawn all of his allegations about Diageo and will voluntarily dismiss his lawsuits against the company with prejudice. 


 
Restaurant Brands To Acquire Largest Burger King Franchisee In U.S. For $1 Billion

Burger King-owner Restaurant Brands International will acquire Carrols Restaurant Group for about $1 billion in cash. 


 
J.P. Morgan Securities to Pay $18 Million for Whistleblower Protection Violations

A JPMorgan Chase subsidiary will pay $18 million to settle charges that it violated protections for whistleblowers. 


 
Apple Goes on the Offensive as iPhone Sales Slip in Its Biggest Overseas Market

The company is offering rare discounts in China, including on its latest iPhones, in a bid to compete with high-end offerings from Samsung and Huawei. 


 
Profits Comeback Paired With Rate Cuts Make a Powerful Mix

Companies put the earnings recession further behind them in the fourth quarter, even as rates are set to start falling.


(END) Dow Jones Newswires

01-16-24 1115ET