China Signals Opposition to Forced Sale of TikTok in U.S.

Beijing's stance leaves ByteDance in a bind as TikTok faces the most serious threat yet to its existence in its biggest market, where it has 170 million users. 


 
WuXi AppTec Says It Left Washington Lobbying Group Voluntarily

The trade group has since updated its statement on Thursday, saying that WuXi AppTec "proactively ended its membership in BIO." 


 
Adobe had a strong quarter, but stock sinks as analysts want more digital-media revenue

Adobe Inc.'s stock dipped 11% in extended trading Thursday after the company posted robust quarterly results that highlighted its AI push ahead of its annual developers conference. The company also announced a $25 billion share-buyback program. 


 
Ulta Beauty says the beauty industry has gotten more competitive

Shares of Ulta Beauty Inc. fell after hours on Thursday after the beauty-products retailer forecast full-year profit that was a bit below expectations, as the beauty industry remains competitive despite a slowdown from a massive post-pandemic rebound. 


 
Samsung SDI's Shares Fall for Second Day, Tracking U.S. EV Stocks

Samsung SDI's shares were lower for a second consecutive session, in line with retreating U.S. electric-vehicle stocks, and paring most of gains made earlier this week on its plan to produce next-generation batteries. 


 
Swiss Private Bank EFG to Settle U.S. Sanctions Violations

The bank agreed to pay about $3.7 million to settle allegations it held and invested securities on behalf of blacklisted individuals. 


 
Cockpit Mishap Seen as Likely Cause of Plunge on Latam Boeing 787

A flight attendant hit a seat switch that pushed the pilot into controls during a flight to New Zealand, industry officials say. 


 
Arm CEO Sees a 'Huge Tailwind' From New Chips

Arm's stock has soared since last year's IPO. Why CEO Rene Haas is so confident about the company's growth. 


 
SpaceX's Starship Makes Major Progress in Third Flight Test

The rocket is central to Elon Musk's plans for Mars, but the company must demonstrate it can work for NASA and other customers. 


 
NYCB Sells $899 Million of Consumer Loans. The Capital Raising Journey Isn't Over.

Earlier this week, the regional lender announced the completion of a deal that gave it a $1.05 billion capital infusion.


(END) Dow Jones Newswires

03-15-24 0315ET