Having Overtaken Tesla, BYD Is Running Into Problems Overseas

The Chinese EV maker is seeing vehicles pile up overseas amid weak demand, quality-control issues and internal tension. 


 
Air New Zealand Pauses Chicago Flights Due to Engine Shortage

Air New Zealand will pause its Auckland-Chicago service for up to six months due to what the carrier said is a shortage of engines for its Boeing Dreamliner aircraft. 


 
Alumina Signs Binding Agreement on $2.2 Billion Alcoa Takeover

Alumina said its independent nonexecutive directors and CEO recommend shareholders vote in favor of the proposed takeover. 


 
Trump Now Sees Possible TikTok Ban as 'Tough Decision'

The former president indicated that he will stay away from the fight over a vote set for this week. 


 
Xiaomi Set to Launch First Electric Vehicle

Chinese mobile-phone maker Xiaomi will launch its first electric vehicle this month, as EV makers battle for sales in the world's largest auto market. 


 
Alibaba's Media Arm to Invest $640 Million in Hong Kong Entertainment

Alibaba Group's media and entertainment arm will invest in movies, television dramas and creative events in Hong Kong over the next five years. 


 
Oracle's stock is climbing, thanks to large new cloud deals, AI demand

Oracle Corp.'s stock climbed 14% in extended trading Monday after the company posted mixed results. The company's board also declared a quarterly cash dividend of 40 cents a share of outstanding common stock. 


 
Advance Auto Parts Strikes Settlement With Dan Loeb's Third Point

The company will add three new directors to its board. 


 
Judge Denies Justice Department Motion to Dismiss Sorrento Therapeutics Case

A Texas bankruptcy judge denied the Justice Department's motion seeking to dismiss or transfer the Sorrento Therapeutics chapter 11 case, ruling a bank account and mailbox the company's lawyers established justified its bankruptcy petition in Houston days later. 


 
Incident on Latam Flight Injures Dozens Aboard Boeing 787 Dreamliner

The Chilean airline says the jet experienced 'a strong movement' during a trip from Sydney to Auckland. First responders treated about 50 people.


(END) Dow Jones Newswires

03-12-24 0515ET