Microsoft Reports Hack by Nation-State Actor

The tech giant said that the threat actor has been identified as the group Midnight Blizzard. 


 
ICBC Fined $32 Million by New York's Financial Regulator and Fed for Compliance Failures

Industrial & Commercial Bank of China will pay about $32 million to resolve investigations into alleged compliance problems at the bank's New York branch. 


 
Ford Cuts Lightning Output in Latest Sign of EV Downshift

The truck has been a central part of the automaker's EV strategy in the past few years, and the plant itself has been in the spotlight-even receiving a visit from President President Biden. 


 
JetBlue, Spirit Airlines to Appeal Merger Block

Shares soared as the budget airline guided for a better-than-expected quarter. 


 
Sports Illustrated Announces Major Layoffs, Putting the Brand's Future in Jeopardy

The onetime pre-eminent voice in sports journalism for decades has struggled like many other magazines to keep pace with the transition to digital media and changes in advertising. 


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

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


 
Tata Steel to Cut Up to 2,800 Jobs in U.K.

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 more sustainable steel production at its Port Talbot site in South Wales. 


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

The tech giant's proposal is aimed at allaying competition concerns from European regulators. 


 
Travelers Stock Pops After Earnings Beat

Core earnings of $7.01 a share 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.


(END) Dow Jones Newswires

01-19-24 1915ET