News Highlights: Top Company News of the Day - Thursday at 11 AM ET

Verizon to Post $1.4 Billion Severance Charge After 4,800 Workers Take Buyout 
 

Verizon Communications will book a third-quarter severance charge of up to $1.4 billion after roughly 4,800 employees accepted a buyout offer.

 
Warner Bros. Discovery Signs New Distribution Deal With Charter 
 

The new multiyear pact will increase the overall fees Charter pays to carry Warner Discovery channels such as CNN, Food Network and TBS.

 
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.

 
CFPB Calls for Limits, $120 Million Fine Against Navient for Student Loan Practices 
 

The regulator's proposed order could permanently ban Navient from servicing federal direct loans.

 
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, including its Yoplait brand, to two French dairy companies for a total of $2.1 billion in cash, as the Cheerios and Bisquick maker focuses on higher-margin brands.

 
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.

 
Royal Bank of Canada Appoints Katherine Gibson as Permanent CFO 
 

Gibson has been serving in the role of interim CFO since April.

 
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.

(END) Dow Jones Newswires

September 12, 2024 11:15 ET (15:15 GMT)

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