News Highlights: Top Company News of the Day - Thursday at 7 AM ET

Verizon Communications to Acquire Frontier in $20 Billion Deal 
 

Verizon Communications said it is acquiring Frontier Communications, the largest pure-play fiber internet provider in the U.S., in an all-cash-deal valued at $20 billion.

 
Leaked Disney Data Reveals Financial and Strategy Secrets 
 

A data trove from Disney that hackers leaked earlier this summer includes details about streaming revenue, park pricing and some staff and customers of Disney cruises.

 
Apple Needs Time to Be on Its Side for AI iPhones 
 

Wall Street is seeing moderate iPhone sales gains over the next two years, as AI features will roll out slowly.

 
NIO's Second-Quarter Net Loss Narrowed on Sales Boost 
 

The Chinese EV maker's net loss narrowed in the second quarter, thanks to robust sales that it expects to continue in the current quarter.

 
Affirm to Profit Soon From Buy Now, Pay Later 
 

Lower interest rates and growing volume will be tailwinds.

 
As Crackdown Deepens in Venezuela, Chevron Says Keep the Oil Flowing 
 

Behind the scenes, Chevron's message to the White House is that the oil giant needs to stay in Venezuela, even if Nicolás Maduro remains.

 
Bank of America Bets on Carbon Capture With Big Tax-Credit Deal 
 

A first-of-its-kind investment gives an ethanol producer in North Dakota $205 million for stashing emissions underground.

 
Volvo Trims Profit Outlook 
 

Carmaker Volvo cut its earnings expectations for 2025, citing complex market conditions and uncertainty around worldwide trade wars.

 
Ford, Coors Light and Other Brands Retreat From a Gay-Rights Index 
 

Human Rights Campaign used a ranking of companies to advance same-sex benefits. Now an activist is using the index to pressure CEOs.

 
Jeep Cuts Output of Wranglers and Grand Cherokees 
 

Production pause comes amid dealer gripes over high vehicle inventories.

(END) Dow Jones Newswires

September 05, 2024 07:15 ET (11:15 GMT)

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