Swisscom to Buy Vodafone's Italy Unit

Swisscom agreed to buy Vodafone's Italian business for $8.7 billion, a deal that completes the U.K. telecom company's simplification of its European portfolio. 


 
Nissan Motor, Honda Motor to Consider EV Partnership

Nissan Motor and Honda Motor will consider an electric-vehicle partnership as part of efforts to cut carbon emissions and reduce fatal accidents. 


 
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. 


 
European Commission Opens Probe Into Alibaba's AliExpress

The European Commission has launched an investigation into e-commerce platform AliExpress, owned by Chinese technology giant Alibaba, on concerns the company isn't taking adequate measures to prevent the distribution of illegal goods and content online. 


 
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.


(END) Dow Jones Newswires

03-15-24 0515ET