News Highlights: Top Company News of the Day - Thursday at 7 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.

 
Next Lifts Profit Outlook Again on Sales Strength 
 

Next raised its guidance for the second time this year on strong sales and said it would expand overseas, sending shares of the U.K. retail bellwether to a record high before paring most of the gains.

 
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.

 
Lower Rates Yield a Loser: Berkshire Hathaway 
 

Berkshire had $277 billion in cash and equivalents at the end of the June, and the bulk of it is invested in high-yielding Treasury bills.

 
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.

 
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.

(END) Dow Jones Newswires

September 19, 2024 07:15 ET (11:15 GMT)

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