United sees bigger-than-expected first-quarter loss after 737 Max groundings. Here's why the stock is rallying anyway.

Shares of United Airlines Holdings Inc. rallied after hours on Monday after the airline forecast full-year profit that was better than expected, following a jump in sales for both its premium-cabin offerings and its cheaper basic economy fares. 


 
Amazon Hopes to Dominate the World of Streaming Ads. It Faces Some Challenges Along the Way.

The e-commerce giant must provide more high-quality content and court advertisers that don't sell products on its platform, experts say. 


 
Billionaire Howard Lutnick Is Taking On Exchange Giant CME

Cantor Fitzgerald's CEO previously helped transform the bond market. Now he plans to introduce a new market for interest-rate futures. 


 
Forward Air to Complete Omni Acquisition at Lower Price Tag

An amended agreement will give Omni shareholders $20 million in cash and 35% of common equity, instead of the $150 million cash and 37.7% equity previously agreed. 


 
Tencent's Riot Games to cut around 530 jobs, or 11% of its workforce

Videogame maker Riot Games will try to narrow its focus after making what executives said were several years of "big bets" and expansion. 


 
Gucci Owner Buys Fifth Avenue Property in New York City for $963 Million

The announcement comes as Kering and the wider luxury-goods industry grapple with slowing sales globally after years of strong results following the pandemic. 


 
Lockheed Martin Earnings Are Coming as Global Conflict Rises

For the fourth quarter of 2023, Wall Street expects defense giant Lockheed to report earnings per share of about $7.29. 


 
P&G Earnings Will Give a Peek at How Shoppers Are Doing

Analysts are expecting earnings to rise from the year-ago quarter. J.P Morgan is worried about China and the Mideast. 


 
Sunoco to Buy NuStar Energy in $7.3 Billion Deal

Fuel distributor Sunoco has agreed to buy liquids terminal and pipeline operator NuStar Energy in a stock-swap transaction valued at about $7.3 billion, including assumed debt. 


 
Iluka Extends Pause on Some Synthetic Rutile Output; Reports Annual Sales Drop

The miner said sales of its core mineral sands products-zircon, rutile and synthetic rutile-fell by 22% in 2023, and that total mineral sands revenue was 19% weaker year-on-year.


(END) Dow Jones Newswires

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