Tesla Falls Behind China's BYD in Quarterly EV Sales for First Time

The Chinese automaker for the first time topped Tesla as the world's largest seller of electric vehicles on a quarterly basis, a sign of China's emerging strength in the market. 


 
Bloomin' Brands Names Two Directors in Agreement With Starboard Value

Bloomin' Brands has appointed two new members of its board as part of an agreement with activist investor Starboard Value. 


 
Chevron Warns of Billions in Charges From California Challenges, Gulf of Mexico Assets

Chevron said it will book $3.5 billion to $4 billion in charges for the fourth quarter, citing challenges tied to regulations in California and previously sold oil and gas production assets in the Gulf of Mexico. 


 
Surpassing Tesla, China's BYD Will Take On the World in 2024

Having weathered domestic competition, international expansion is the car maker's next priority. 


 
Radio Broadcaster Audacy Prepares to File Bankruptcy Within Weeks

Audacy is preparing to file for bankruptcy within weeks after declining advertising revenue made the radio network unable to service its nearly $2 billion debt load, according to people familiar with the matter. 


 
Americans Are Canceling More of Their Streaming Services

Hulu and other streamers are turning to bundles, discounts and ad-supported plans as customer defections rise. 


 
Wealthy Investors Rescued Juul From Bankruptcy. Others Are Crying Foul.

Two of Juul Labs' longtime directors-a Hyatt Hotels heir and a venture capitalist-helped bail out the e-cigarette maker from the edge of insolvency. Now other investors are suing. 


 
Netherlands Blocks ASML Exports of Chip-Making Equipment to China

ASML said the Dutch government has blocked the company's exports to China of some chip-making equipment in a partial license revocation following U.S. export restrictions. 


 
Baidu Terminates $3.6B Deal to Buy JOYY's China Live-Streaming Business

Baidu has called off a $3.6 billion deal to buy JOYY's video-based entertainment live-streaming business in China saying certain conditions were yet to be fully satisfied. 


 
Evergrande Auto's Investment Agreement With Dubai Automaker Lapses

China Evergrande's EV business said an agreement for a Dubai-based automaker to subscribe to its shares has expired, raising fresh doubts about a potential cash injection.


(END) Dow Jones Newswires

01-02-24 1915ET