News Highlights: Top Company News of the Day - Wednesday at 5 AM ET

News Corp's REA Says $7.3 Billion Offer Rebuffed by Rightmove 
 

News Corp-controlled REA Group will have to sweeten the deal after U.K. counterpart Rightmove rebuffed its initial $7.32 billion approach.

 
Amazon to Invest $10.5 Billion in U.K. for Cloud, AI Infrastructure 
 

Amazon plans to spend about $10.5 billion over the next five years in cloud and artificial intelligence infrastructure in the U.K., amid a boom in demand for artificial-intelligence computing.

 
UniCredit Takes 9% Stake in Commerzbank 
 

The Italian lender said it would engage with Commerzbank to explore value-creating opportunities and that it would submit regulatory filings for authorization to potentially exceed a 9.9% shareholding.

 
Jack Ma Urges Alibaba to Trust in Market Forces, Innovation 
 

Alibaba Group co-founder Jack Ma said competition will make the company stronger and the e-commerce giant needs to trust in the power of market forces and innovation.

 
Lithium Miners Shares Surge on Possible CATL Supply Cut 
 

Shares of lithium producers rose on possible suspension of some lithium mining and production operations by the world's biggest maker of batteries for electric vehicles.

 
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.

 
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.

 
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.

 
Deere Fined for Providing Thai Officials With 'Extravagant' Trips, Massage Parlor Visits 
 

The tractor company agreed to pay nearly $10 million to settle foreign bribery claims by the U.S. Securities and Exchange Commission.

(END) Dow Jones Newswires

September 11, 2024 05:15 ET (09:15 GMT)

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