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

Oracle Earnings Beat Estimates. It Has a New Partnership, Too. 
 

The enterprise software firm reported revenue of $13.3 billion in its latest quarter.

 
Norfolk Southern CEO Expected to Leave Railroad Amid Board Probe 
 

A law firm is to examine whether Alan Shaw had an undisclosed relationship with an employee.

 
Apple Unveils an AI iPhone 
 

The company, which has faced slumping sales in its signature product, released the iPhone 16, with an upgraded Siri, AI text editing and photo-recognition tools.

 
Under Armour Doubles Expected Restructuring Costs, Cuts Outlook 
 

The latest restructuring measures will lead to pre-tax charges of $140 million to $160 million for the fiscal years ending in March 2025 and 2026, the sportswear maker said.

 
Goldman CEO Solomon Expects Trading Revenue Drop in Third Quarter 
 

Solomon blamed the decline on a challenging macroeconomic backdrop, especially during August.

 
Fight With Disney Risks 'Monday Night Football' for DirecTV Subscribers 
 

The two sides remain far apart in channel-carriage negotiations, with holdups over fee increases and distribution guarantees.

 
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.

 
SEC Fines Seven Companies for Violations to Whistleblower-Protections Rules 
 

Companies will pay a combined $3 million over employment agreements and separation releases with language that could deter whistleblowers from coming forward, the agency says.

 
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.

(END) Dow Jones Newswires

September 09, 2024 19:15 ET (23:15 GMT)

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