Alcoa Agrees to Acquire Australia's Alumina for $2.2 Billion

Aluminum producer Alcoa has agreed to an all-stock deal to acquire Australia's Alumina that values its equity at some $2.2 billion. 


 
Cigarettes Are Losing Their Hold on the Nicotine Fix

Consumers have more nicotine alternatives than ever and they're making the switch faster than expected, putting fresh pressure on tobacco giants. 


 
Boeing MAX Delays to Cause Airfare Hike, Airline Warns. It's Bad for Summer Travel Plans.

Delays to deliveries of Boeing MAX aircraft could lead to higher airfares for passengers and some flights being cut this summer, according to Ryanair's CEO Michael O'Leary. 


 
Analysis: BYD Aims for New Frontier With $233,000 Sportscar

BYD's launch of a $233,000 sports car underscores the Chinese electric-vehicle maker's ambitions to boost its market share across the buying spectrum. 


 
BYD Chairman Proposes Doubling Share Buyback

BYD's chairman has proposed that the electric-vehicle giant buy back twice as many shares to help boost its stock price as the EV price war intensifies and concerns about the Chinese economy persist. 


 
AT&T to Reimburse Customers Struck by Outage

CEO John Stankey apologized and offered a full-day billing credit as compensation for those most affected. 


 
TPG Telecom Holds Dividend as Annual Earnings Rise

The Australian telecommunications provider, formed by the merger of Vodafone Hutchison Australia and TPG, raised annual underlying earnings by 7.6% amid strong growth in mobile revenue. 


 
Seatrium Second-Half Loss Widen; Plans Reverse Stock Split

Seatrium Ltd.'s second-half loss widened significantly due to higher project costs and the write-down of obsolete inventories but its revenue rose sharply due to strong project execution. 


 
How a Shifting AI Chip Market Will Shape Nvidia's Future

Customers' needs are evolving as the artificial-intelligence industry transitions, presenting an opportunity for Nvidia and its rivals. 


 
EV Startups Struggled to Build Cars. Now They Struggle to Sell Them.

Lucid and Rivian are more exposed to cooling demand than their legacy rivals, which can lean on gas-powered vehicles to support electric investments.


(END) Dow Jones Newswires

02-26-24 0715ET