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

Starbucks's New CEO Targets Hectic Stores, Overwhelming Menus 
 

Brian Niccol says the chain must improve filling orders on time and make its cafes more welcoming.

 
Goldman's Credit-Card Exit Hampered by Lax Lending Standards 
 

The bank lent loosely on some credit cards, contributing to a big loss as it tries to sell the General Motors card business.

 
Southwest Airlines Overhauls Board Amid Activist Pressure 
 

Executive Chairman Gary Kelly plans to retire as part of a shake-up of the airline's board, under pressure from activist investor Elliott Management.

 
Apple Loses Court Battle Over $14 Billion Irish Tax Bill 
 

Apple and Alphabet's Google lost attempts to overturn multibillion-dollar rulings in the EU, as authorities there continued efforts to rein in alleged abuses by big tech companies.

 
An Ugly Picture Emerges for Cosmetics Makers in China 
 

Sales are plunging, sending an economic warning signal in what was once their most important market.

 
BMW Cuts Profit Margin, Deliveries Forecasts 
 

BMW lowered its sales and earnings targets, saying expensive measures to fix a braking-system problem and muted demand in the world's largest car market would dilute its bottom line.

 
UPS Bolsters Healthcare-Logistics Expansion with Acquisitions in Germany 
 

United Parcel Service is acquiring a pair of healthcare-logistics providers based in Germany, extending the carrier's expansion in a burgeoning distribution sector.

 
Boeing Pushed Back 737 MAX Production Ramp. That Isn't Why The Stock Is Down. 
 

Aerospace firm Boeing doesn't expect to reach production of 42 737 MAX jets a month until early 2025, about six months later than originally planned.

 
Bank of America raises employee minimum wage to $24 per hour 
 

The banking giant said it remains on track to pay $25 an hour by 2025 - a significant bump from the $15-per-hour minimum in 2018.

 
Oracle's Missteps in Cloud Computing Are Paying Dividends in AI 
 

The long-stagnant stock is up 34% thanks to the company's neutral status in the booming market for AI computing power.

(END) Dow Jones Newswires

September 10, 2024 13:15 ET (17:15 GMT)

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