News Highlights: Top Company News of the Day - Monday at 3 PM ET

Boeing Freezes Hiring, Delays Pay Raises as Strike Worsens Finances 
 

The jet maker said it would freeze hiring and delay pay increases for its salaried workforce as it grapples with financial fallout from a strike launched Friday.

 
BP to Sell U.S. Onshore Wind Energy Business 
 

The divestment is part of a wider strategy to simplify the business and increase the company's value as it transitions to an integrated energy company, BP said.

 
Red Lobster Exits Chapter 11 Bankruptcy With New Owners, CEO 
 

Former P.F. Chang's CEO Damola Adamolekun takes the helm of the resurrected seafood restaurant chain.

 
Amazon Tells Workers to Return to Office Five Days a Week 
 

Chief Executive Andy Jassy said the company believes having employees in the office full-time offers significant advantages.

 
Charles Schwab's stock rises on uptick in August activity 
 

Charles Schwab expects third-quarter results to finish in line with its July business update, with revenue up 2% to 3% from the previous quarter.

 
Micron's stock drops as first 'death cross' in 2 years appears 
 

Micron's stock slumped Monday, just as a longer-term bearish chart pattern appeared for the first time in more than two years, and as Morgan Stanley offered a downbeat outlook for the memory-chip market.

 
Murdochs Arrive at Reno Courthouse for Showdown Over Family Trust 
 

Rupert Murdoch wants to ensure that when he dies control of the trust passes to his oldest son. Three of his other children oppose the change.

 
Apple Stock Falls. iPhone 16 Demand May Be Lacking, Analyst Says. 
 

Barclays analyst Tim Long wrote that overall pre-order units of the iPhone 16 in China are down compared to the same time last year.

 
Icahn Enterprises Says Suit Linked to Short-Seller Report Dismissed 
 

Icahn Enterprises said a judge dismissed a proposed class-action lawsuit against the company and some of its directors.

 
Court Appears Skeptical of TikTok's Challenge to U.S. Ban 
 

Judges are considering the validity of legislation that could shut down the Chinese-backed app used by half of Americans.

(END) Dow Jones Newswires

September 16, 2024 15:15 ET (19:15 GMT)

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