News Highlights: Top Company News of the Day - Tuesday at 9 PM ET

U.K.'s Rightmove Rejects REA's $7.3 Billion Takeover Proposal 
 

Australian real estate advertiser REA Group said U.K. counterpart Rightmove rebuffed a takeover proposal valuing the London-listed company at about $7.32 billion.

 
Berkshire Hathaway Keeps Selling Bank of America Stock. Stake Now at 11.1%. 
 

Berkshire now has sold Bank of America stock for 12 straight trading sessions.

 
Hertz Bondholders Win Appeal for $272 Million From Bankruptcy Dispute 
 

A federal appeals court says Hertz can't force bondholders to give up interest payments in chapter 11 while paying "massive dividend" to shareholders.

 
JPMorgan, Goldman Sachs shares move sharply lower on Solomon's deal comments, revised capital requirements 
 

JPMorgan Chase and Goldman Sachs shares led sharp losses for bank stocks Tuesday, after Goldman Chief Executive David Solomon noted a drop in deal-making activity, and after a long-anticipated, revised set of capital requirements from the Federal Reserve finally took form.

 
GameStop stock sinks 10% after retailer's sales fall in second quarter 
 

GameStop Corp. shares fell more than 10% in after-hours trading Tuesday after the videogame retailer surprised investors with a quarterly profit, but sales dropped more than 30%.

 
Apple's New iPhones Could Boost AI Usage Inside Companies. But CIOs Have Questions. 
 

While CIOs say the offering could fuel more generative artificial-intelligence usage, they also have concerns around the technology's handling of sensitive data.

 
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.

 
Lumen Technologies Bets on AI Deals to Turn Its Finances Around 
 

Straining under a $20 billion debt pile, the telecom has restructured its borrowings and clinched $5 billion in contracts for AI-related services to try to halt a financial spiral.

 
Campbell Soup to Seek Name Change, Sets Growth Targets 
 

The food company plans to change its name to The Campbell's Co. and said it expects long-term organic net sales growth of 2% to 3%.

 
The Rise and Fall of a Green-Energy Superstar 
 

Enviva cashed in on a boom in wood pellets, then a disastrous trade led to bankruptcy. Questions have been raised about the industry's environmental claims.

(END) Dow Jones Newswires

September 10, 2024 21:15 ET (01:15 GMT)

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