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

Discount Retailer Big Lots Files for Bankruptcy 
 

U.S. discount retail chain Big Lots filed for bankruptcy, becoming the latest retail casualty as consumers reined in spending after a postpandemic surge.

 
Norfolk Southern Probing Potential Misconduct by CEO 
 

The Atlanta freight railroad said its board was investigating allegations of potential misconduct by Alan Shaw, who recently withstood an activist investor's push to unseat him.

 
Incoming Starbucks CEO's Tall Order: Calming Anxious Employees 
 

Brian Niccol takes over Monday amid turbulent times for the coffee giant.

 
7-Eleven Parent Asks Circle K Owner to Improve Takeover Bid 
 

Japan's Seven & i said it would be open to discussions with the Canadian owner of Circle K stores if the latter improves its $39 billion takeover bid.

 
OCI to Sell Methanol Business for $2 Billion 
 

Netherlands-based OCI Global has agreed to sell its methanol business to Canada's Methanex for $2 billion as part of its continuing efforts to pare debt.

 
Back Market Hires Former Sonos CMO to Polish the Image of Refurbished Tech 
 

The French company wants to sell the benefits of secondhand electronics to consumers outside of Europe.

 
Boeing Reaches Deal With Biggest Union in Effort to Avoid Strike 
 

The jet maker agreed to increase wages by 25% for its largest union in a four-year pact aimed at preventing a crippling strike.

 
Midea Moves Ahead With Hong Kong's Likely Biggest Listing This Year 
 

Chinese appliance maker Midea Group has started taking orders from investors for an initial public offering to raise up to US$3.46 billion in Hong Kong.

 
Apple Looks to AI to End iPhone Slump 
 

Artificial intelligence has yet to spur a wave of upgrades for other smartphone makers.

 
The drama is heating up over Kroger's planned merger deal. What will its earnings say? 
 

This week, we'll get quarterly results from the company that U.S. antitrust regulators have tried to make into a symbol for two years of consumers' inflation anguish - supermarket chain Kroger Co.

(END) Dow Jones Newswires

September 09, 2024 07:15 ET (11:15 GMT)

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