News Highlights: Top Company News of the Day - Friday at 3 AM ET

Nokia to Buy Infinera for $2.3 Billion to Boost Optical-Networks Arm 
 

The deal, which is valued at $6.65 a share, is a 28% premium from Infinera's stock price at the close of trading on Wednesday.

 
Tractor Supply Retreats From DEI Amid Conservative Backlash 
 

Tractor Supply said it is withdrawing its carbon-emissions goals and eliminating diversity, equity and inclusion positions within the company to represent the values of the communities and customers it serves.

 
Private-Equity Exit Wave Surges Past the Permian Basin Oil Patch 
 

An EnCap-backed producer's $2.55 billion sale in Utah marks the latest trade outside Texas or New Mexico.

 
Google, TikTok Ban Ads From ADHD Telehealth Company Amid Federal Probe 
 

Done Global prescription drug practices are under scrutiny by the Justice Department, which announced charges against five more people in the case.

 
Nike Stock Falls on Sales and Guidance Miss. It's Still Losing Market Share. 
 

The maker of athletic apparel reported adjusted earnings of $1.01 a share on $12.6 billion in revenue.

 
Milwaukee Tool Sued Over Alleged Chinese Forced Labor in Supply Chain 
 

Milwaukee Tool faces a lawsuit from a former Chinese prisoner who alleges he was forced to make work gloves for a supplier to the power tool company after being jailed for his activism.

 
Uber, Lyft Agree to Minimum Wage, Other Benefits for Drivers in Massachusetts 
 

Uber and Lyft drivers will receive minimum wage and other benefits in Massachusetts under an agreement with the state's attorney general.

 
NFL Ordered to Pay $4.7 Billion in Sunday Ticket Case 
 

A federal jury in California ruled that the league violated antitrust laws with its out-of-market broadcasts, a verdict that delivers a sweeping blow to the business model of America's richest sport.

 
Walgreens Plans Major U.S. Store Closures; Shares Tumble 
 

Shares of the pharmacy chain plummeted 25% after The Wall Street Journal reported the CEO's plans and the company lowered its guidance for the full year.

 
Canada Orders Binding Arbitration to Resolve WestJet Labor Dispute 
 

Canada's Labor Minister ordered WestJet Airlines and the union representing the carrier's maintenance engineers enter into binding arbitration on a new labor agreement, averting strike action during a holiday long-weekend in the country.

(END) Dow Jones Newswires

June 28, 2024 03:15 ET (07:15 GMT)

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