Top Company News of the Day: Apple, UAW, Microsoft, Oracle

Apple Counts on Wireless Carriers to Avoid an iPhone Slump

AT&T, Verizon and T-Mobile are returning to deep discounts on phones for customers who commit to top-tier plans.

UAW Strikes at Plants Owned by GM, Ford, Stellantis

The walkouts are the first to hit all three automakers at the same time and affect factories in Missouri, Ohio and Michigan.

Microsoft’s Nadella and Oracle’s Ellison Discuss the Future of Cloud and AI

“We do need to bring data to where AI is. And that’s what Oracle-Azure really represents,” the Microsoft CEO says.

Microsoft, Oracle Deepen Cloud Integration

The new level of collaboration reflects how technology and customer demand have fostered more cooperation among software companies.

Instacart Set to Raise IPO Price Target After Successful Arm Debut

At the high end of the new range, the grocery-delivery company would be valued at nearly $10 billion on a fully diluted basis.

Arm Shares Rise as Trading Begins in Biggest IPO of the Year

Shares of Arm rose in its highly anticipated stock-market debut Thursday, in a sign of the reviving fortunes of an IPO market that has been in the doldrums for most of the past two years.

Adobe hopes to acquire new users, firm up margins as it lets Firefly AI out of its jar

Adobe shares traded between slight gains and losses after hours Thursday, after the company’s revenue outlook came in roughly in line with estimates.

Tesla readies record-sized pool of EV leases for bond deal, a sign of resilience in luxury

Tesla Inc. is pitching bond investors a new $1.8 billion deal backed by leases on its electric vehicles, according to preliminary marketing materials.

J.B. Hunt Transport Will Acquire BNSF Brokerage Business

The sale comes as the freight operator and the railroad are stepping up their commercial relationship.

Sino-Ocean Suspends Trading in Offshore U.S. Dollar Securities

Sino-Ocean Group has suspended trading its U.S. dollar-denominated securities as continued stress on China’s real-estate market weighs on the developer’s ability to meet its debt obligations.

Source: Dow Jones Newswires


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