News Highlights: Top Company News of the Day - Thursday at 9 AM ET

Boeing CEO Kelly Ortberg Pleads With Union Not to Strike 
 

The company's largest union votes Thursday on a tentative agreement that calls for a 25% pay increase and commits Boeing to building its next plane in the unionized Pacific Northwest.

 
Mastercard to Acquire Insight Partners' Recorded Future for $2.65 Billion 
 

Mastercard agreed to acquire threat-intelligence company Recorded Future from Insight Partners for $2.65 billion, in an effort to expand its cybersecurity services.

 
General Mills to Sell North American Yogurt Business for $2.1 Billion 
 

General Mills said it agreed to sell its North American yogurt business to French dairy companies Lactalis and Sodiaal in cash deals valued at an aggregate $2.1 billion.

 
Microsoft Lays Off 650 Videogame Workers 
 

The terminations mark the latest round of job cuts for game employees since the software giant's purchase of Activision Blizzard.

 
Norfolk Southern's CEO Survived an Activist Attack. Then Came Talk of an Affair. 
 

Alan Shaw was fired after a board investigation found that he and the legal chief had a romantic relationship.

 
GM, Hyundai Explore Joint Car Development 
 

The carmakers say the potential collaboration could help cut costs by teaming up on new models, including electric and hydrogen-powered vehicles.

 
Moderna Delays Timeline for Profitability, Pulls Back on R&D. The Stock Tumbles. 
 

The company is pausing several drug programs and cutting costs as it waits for profits to return.

 
The Brawl Taking Shape Over Pfizer's Multibillion-Dollar Heart Monopoly 
 

The drugmaker's fastest-growing blockbuster could soon face competition from two biotech firms in the treatment of a little-known heart condition.

 
 Falling Interest Rates May Be a Challenge for JPMorgan but Not for Everyone 
 

Some banks may still see rising net interest income even if the Federal Reserve slashes rates as anticipated.

 
Megamerger of European Banks Still Wouldn't Challenge Wall Street 
 

A potential combination of Italy's UniCredit with Germany's Commerzbank would be big, but not big enough to create a European banking champion.

(END) Dow Jones Newswires

September 12, 2024 09:15 ET (13:15 GMT)

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