News Highlights: Top Company News of the Day - Monday at 1 PM ET

Google Faces Blockbuster Antitrust Case-Again 
 

A federal judge heard opening statements in a case alleging Google has an unlawful grip on the market for software used to buy and sell digital ads.

 
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 freight railroad said it has opened an investigation into allegations of potential conduct by Alan Shaw that is inconsistent with its code of ethics and company policy.

 
Starboard Calls on News Corp to Scrap Dual-Class Share Structure 
 

The activist investor said the share structure gives too much influence to the family of company founder Rupert Murdoch.

 
Battery Maker Northvolt to Cut Jobs Amid Cooling EV Market 
 

Northvolt will cut jobs as part of a broad cost-saving plan to streamline the business following a period of aggressive expansion and as the global electric-vehicle market cools.

 
Squarespace Gets Sweetened $7.2 Billion Offer From Permira to Go Private 
 

The new offer price is 5.7% higher than the previous agreement announced in May.

 
Givenchy Hires Sarah Burton, Designer to Royals and Beyoncé 
 

The fashion house enters its next era with Alexander McQueen's Sarah Burton.

 
Eli Lilly Names Lucas Montarce Chief Financial Officer 
 

Drugmaker Eli Lilly named Lucas Montarce as chief financial officer, filling a vacancy left by the departure of Anat Ashkenazi, who joined Google's parent company Alphabet as CFO earlier this year.

 
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.

(END) Dow Jones Newswires

September 09, 2024 13:15 ET (17:15 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.