Reddit Seeks Up to $6.4 Billion Valuation as It Readies IPO
The social-media company said it is seeking to raise up to $748 million in its initial public offering, aiming for a valuation of up to $6.4 billion.
Choice Hotels Scraps Roughly $7 Billion Bid For Wyndham After Rebuff
Choice Hotels said it is abandoning its roughly $7 billion takeover bid for rival Wyndham Hotels & Resorts after attempting to drive a deal through despite being rebuffed by Wyndham's board.
EQT and Equitrans Midstream to Combine in Big Natural-Gas Deal
The all-stock transaction will reunite EQT with its former pipeline business.
Elon Musk's xAI to Open-Source Its Grok Chatbot, in Latest Swipe at OpenAI
The move will be seen as another salvo in the long-simmering feud between Musk and OpenAI's Chief Executive Sam Altman in the artificial-intelligence arms race.
Boeing Stock Falling as Justice Department Starts Criminal Inquiry Into Door Blowout
Government officials have opened a criminal investigation into the incident on the Alaska Air flight.
Apple to Open New Store in Shanghai Amid Falling iPhone Sales
Apple is preparing to open its eighth store in Shanghai this month amid slipping iPhone sales in the world's largest smartphone market.
Saudi Aramco Hikes Dividend, Adjusts Spending
Saudi Arabia's national oil company raised its dividend payouts for last year after it achieved its second-highest ever net profit and said investment plans to 2028 would be reduced by an abandoned plan to boost production.
Dongfeng Motor Shares Slump After Profit Warning
Dongfeng Motor's shares slumped after the Chinese automaker said it expects to swing to loss for 2023 amid intensifying competition.
Dozens Injured on Latam Flight After 'Technical Event' With Boeing 787 Dreamliner
Roughly 50 people were treated by first responders after the flight from Sydney to Auckland experienced what the airline described as a strong movement.
CATL Shares Rise After JV News, Morgan Stanley Upgrade
Contemporary Amperex Technology's shares surged Monday on multiple drivers, including news of a collaboration with Chinese companies Xiaomi and BAIC Motor, as well as an upgrade by Morgan Stanley.
(END) Dow Jones Newswires
03-11-24 0915ET