News Highlights: Top Company News of the Day - Monday at 3 PM ET

Boeing's CEO Search Hits Some Snags 
 

Several high-profile candidates have turned down the chance to run Boeing, complicating the jet maker's search for a new leader.

 
Tesla Sues EV-Battery Supplier Over Alleged Disclosure of Trade Secrets 
 

According to the lawsuit, Matthews International allegedly improperly filed patent applications incorporating Tesla's trade secrets without the electric-car maker's consent.

 
Citigroup Facing New Regulatory Knock on Its Living Will 
 

A top U.S. banking regulator is preparing to hand Citigroup a failing grade on its living-will plan, the latest rebuke for the megabank that has struggled to stay in the government's good graces.

 
UBS Proposes Payout for Investors Slammed by Credit Suisse Greensill Funds 
 

UBS said it would repay investors 90% of their remaining fund stakes, but that the payments won't affect its group results or capital .

 
FTC to Take Action Against Adobe, Executives for Hidden Fees 
 

The Federal Trade Commission alleges Adobe and its executives hid an early termination fee for its most popular subscription plan and made it difficult for consumers to cancel their subscriptions.

 
GameStop investors ask about company path, capital raising at rescheduled annual shareholder meeting 
 

GameStop's annual meeting wrapped up in under 30 minutes as shareholders approved three items and voted down a shareholder resolution that the company opposed.

 
Adidas Probes Allegations of Corruption in China 
 

Adidas is investigating potential compliance violations in China after an anonymous letter alleged senior executives in the country received millions of euros in kickbacks.

 
Apple Is Working on Thinner iPhones for 2025, Reports Say 
 

Now that the company has disclosed its AI strategy, attention has shifted to the rollout of the iPhone 16 this fall.

 
Primo Water, BlueTriton Brands Affiliate to Merge 
 

Primo Water and an affiliate of beverage company BlueTriton Brands have agreed to merge in an all-stock transaction to bring together a diversified portfolio of water brands.

 
Roberto Cavalli Bets on Bold Designs, Taylor-Swift Effect for Turnaround 
 

Italian luxury-fashion label Roberto Cavalli is shunning quiet luxury and China, two of the industry's most powerful engines, in its attempt to make a comeback-with a little help from Taylor Swift.

(END) Dow Jones Newswires

June 17, 2024 15:15 ET (19:15 GMT)

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