News Highlights: Top Company News of the Day - Thursday at 11 AM ET

Social Media Cos. Lack Adequate Privacy Controls, FTC Report Says 
 

The Federal Trade Commission said in a report that major social media companies and video streaming services engaged in vast consumer surveillance while failing to provide adequate privacy controls or safeguards for children.

 
TD Bank CEO Bharat Masrani to Retire, Be Succeeded by Raymond Chun 
 

Masrani plans to retire in 2025 after 38 years with the Canadian lender and more than a decade as CEO.

 
Cracker Barrel's earnings fall short as it works on transformation plan 
 

The stock of Cracker Barrel Old Country Store Inc. was flat premarket Thursday, after the rustic-themed restaurant and retail chain's fiscal fourth-quarter earnings fell short of estimates.

 
Target Names PepsiCo's Jim Lee as Finance Chief 
 

The new chief financial officer will join the retailer on Sept. 22 after more than 25 years at the drinks maker, where he most recently served as deputy CFO.

 
Darden Strikes Uber Deal to Deliver Olive Garden Breadsticks and Pasta 
 

A multiyear deal with Uber Technologies is set to begin with a pilot at select Olive Garden locations this year. Darden has long refused to allow third-party delivery companies to handle its food at a large scale.

 
Politico Owner Axel Springer Strikes Breakup Deal With KKR 
 

The German media company agreed with its largest shareholder to split its classifieds business from its media operations.

 
Amazon's New 'Shark Tank'-Style Show Gives Winners Top Billing in Its Store 
 

In a competition show, sellers will compete in front of Amazon executives and celebrity judges.

 
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.

 
EU to Offer Apple Guidance on Digital Rules Compliance 
 

The European Union's executive arm has started a process to provide Apple with guidance on how the iPhone maker can comply with rules to ensure its operating systems are functional with other technologies.

 
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.

(END) Dow Jones Newswires

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

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