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

Boeing Machinist Strike Adds Cash Crunch to New CEO's Rescue Mission 
 

Ratings firms are warning that a prolonged work stoppage could sink the jet maker's debt into junk status.

 
Air Canada, Pilots' Union Avert Strike With Four-Year Deal 
 

The airline and Air Line Pilots Association reached a tentative labor agreement early Sunday, averting a strike at Canada's biggest airline.

 
Nippon Steel Finds Unlikely Ally in Pittsburgh Workers 
 

In Pennsylvania's steel country, locals fight to keep their jobs at U.S. Steel even if it means foreign ownership.

 
He Used to Bag Groceries. Now Kroger's CEO Is Trying to Save a $20 Billion Deal. 
 

Rodney McMullen is fighting to save the deal he believes will secure Kroger's future in the next wave of industry disrupters.

 
World's Biggest Hedge Fund Sells Apple, Eli Lilly Stock, and Buys Microsoft, Moderna 
 

Bridgewater Associates slashed a stake in Apple, halved its Lilly investment, doubled down on Microsoft, and bought Moderna in the second quarter.

 
Rexel Rejects $9.6 Billion QXO Bid 
 

Rexel shares jumped after it rejected an offer from QXO, the U.S. company led by billionaire entrepreneur Brad Jacobs, saying the bid was well below its value.

 
Disney, DirecTV Reach Deal That Ends ABC, ESPN Blackout 
 

The pact returns Disney's channels to the satellite broadcaster after a nearly two-week stalemate.

 
What Scared Ford's CEO in China 
 

Jim Farley is changing strategy to combat what he calls an "existential threat" from China's electric carmakers.

 
Google's Breakup Is Starting to Get Priced In 
 

Valuation has fallen as analysts are less optimistic that dual antitrust cases will leave the company unscathed.

 
Life in the Fast Lane for PayPal? New Partnerships Could Boost the Stock. 
 

The company is getting a boost from a guest checkout service that should help it to generate more transaction volume.

(END) Dow Jones Newswires

September 16, 2024 05:15 ET (09:15 GMT)

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