Google Matches ChatGPT With New Chatbot Subscription

The offering follows a version from Microsoft for users of its work software. 


 
Maersk Shares Sink Back to Reality

Shares of the world's shipping bellwether dived in early trade after it forecast a steep drop in profit. Shipping overcapacity, not the Red Sea Houthi attacks, looks to be the trend to watch. 


 
SoftBank Returns to Health With an AI Bump

The tech investor's shares rose 11% on the back of higher revenue at Arm, its chip-design subsidiary. 


 
Philip Morris says its e-cigarettes are now selling more than Marlboro products

Total cigarette volume fell 0.5% including a 0.8% drop in Marlboro units to 60.2 million units. 


 
Kering Cautious on Profits Outlook

Gucci owner Kering warned that recurring operating income in 2024 would fall short of last year's figure, particularly in the first half, with investments and a normalization of sales growth across the sector seen weighing on its profits. 


 
Disney's Moves Give Bob Iger a Sporting Chance

Strong results, Epic investment and new sports superapp lessen the case for activist challenges. 


 
Ralph Lauren Stock Is Soaring. Earnings Got a Strong Holiday Boost.

Luxury retailer Ralph Lauren's fiscal-third-quarter earnings and revenue beat company guidance and analysts' estimates. 


 
Hershey reports Q4 earnings beat, but shares fall on weak outlook

Hershey Co. reported a fourth-quarter earnings beat before market open Thursday, although shares fell 3.4% in premarket trades, weighed down by weaker-than-expected sales and guidance. 


 
Under Armour's stock jumps 7% as profit beat offsets a revenue miss

Under Armour Inc.'s stock rose 7% early Thursday, after the sporting apparel company beat profit estimates for its fiscal third quarter to offset revenue that came up short. 


 
Fidelity's Abigail Johnson Shakes Up Executive Ranks, Again

The CEO named a new finance chief and others. What the changes don't do is offer much clarity on who will emerge as Johnson's top deputy.


(END) Dow Jones Newswires

02-08-24 0915ET