News Highlights: Top Company News of the Day - Tuesday at 3 AM ET

Microsoft Boosts Dividend, Authorizes Buyback of Up to $60 Billion 
 

Microsoft will raise its quarterly payout by about 11% and begin a new stock-buyback program.

 
Starbucks's North American CEO Conway to Retire in November 
 

The company said it won't fill the North American CEO role and North American President Sara Trilling will continue to lead its retail operations.

 
Intel CEO Moves to Further Cut Costs and Separate Chip Making and Design 
 

Company will make manufacturing operations an independent subsidiary and pause construction on plants in Europe and Asia.

 
Berkshire Hathaway's Cash Could Hit $300 Billion This Quarter 
 

Berkshire's cash position has been buttressed by sales from its equity portfolio, strong earnings, and diminishing stock-repurchase activity.

 
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.

 
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.

 
Murdochs Face Off in a Reno Courthouse 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.

 
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.

 
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.

 
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.

(END) Dow Jones Newswires

September 17, 2024 03:15 ET (07:15 GMT)

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