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

Meta to European Union: Your Tech Rules Threaten to Squelch the AI Boom 
 

The Facebook parent and other companies are warning in an open letter that the regulations risk hampering innovation and economic growth.

 
Boeing Furloughs White-Collar Workers as Strike Worsens Cash Crunch 
 

CEO Kelly Ortberg says he will take a pay cut. Credit-ratings firms have warned of a downgrade.

 
AT&T Will Remove Lead Cables From Lake Tahoe 
 

The company agreed to remove 8 miles of lead-covered cables from Lake Tahoe, following a protracted legal battle with an environmental group over their removal, according to court documents.

 
GameStop CEO Cohen to Pay Nearly $1 Million for Alleged Wells Fargo Securities-Acquisition Violation 
 

After acquiring the shares, Cohen had periodic communications with Wells Fargo's leadership regarding ways to improve the bank's business and to advocate for a potential board seat, the FTC said.

 
The Tupperware Party Is Over: Iconic Kitchenware Maker Files Bankruptcy 
 

The homeware brand synonymous with cold leftovers has faced declining sales and aims to sell itself out of chapter 11.

 
Adobe Stock Is an Unappreciated AI Play. It's Time to Buy. 
 

Shares fell after earnings despite signs that the company is monetizing its artificial-intelligence offerings.

 
Campari's Top Investor Says Company Undervalued, to Buy Shares 
 

Campari's controlling shareholder, Lagfin, said the Aperol maker's market price doesn't reflect its true value. and it plans to buy up stock valued around $111 million.

 
Danske Bank to Pay $7 Million in French Settlement Over Estonia Money-Laundering 
 

The deal with French authorities wraps up probes into the bank's former Estonia branch, Danske says.

 
Nippon Steel Gets More Time for U.S. Steel Deal Review 
 

A decision on the national security review is potentially pushed out until after November's presidential vote.

 
23andMe Board Resigns in New Blow to DNA-Testing Company 
 

All seven independent directors of DNA-testing company 23andMe resigned, following a protracted negotiation with CEO Anne Wojcicki over her plan to take the company private.

(END) Dow Jones Newswires

September 19, 2024 05:15 ET (09:15 GMT)

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