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

Nike CEO John Donahoe Stepping Down After Rocky Tenure 
 

Nike said John Donahoe will retire as chief executive and from the board, and named his successor, Elliott Hill, who retired from the sneaker maker in 2020.

 
FedEx Cuts Full-Year Outlook After Posting Lower Profit, Revenue 
 

FedEx's results were dragged down by weaker-than-expected demand, particularly in the U.S. domestic package market.

 
Mercedes-Benz Group Cuts Full-Year Outlook 
 

The German luxury carmaker said the move was triggered by the further deterioration of the macroeconomic environment, specifically in China.

 
Disney to Stop Using Slack Following Hack That Exposed Company Data 
 

The company said in a memo that most of its businesses would stop using the tool by the end of this year.

 
Social-Media Firms Lack Adequate Privacy Controls, FTC Report Says 
 

The agency said the companies engaged in vast consumer surveillance while failing to provide adequate privacy controls or safeguards for children.

 
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.

 
TD Bank Taps Veteran to Succeed Bharat Masrani as CEO 
 

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

 
Hedge Fund Two Sigma Is in Settlement Talks With SEC 
 

The firm is likely to pay as much as $100 million to settle a probe of a trading scandal.

 
Mobileye's stock surges as Intel gives this reassuring sign 
 

Mobileye and Intel shares have both been under heavy pressure this year, but Intel says it has no current plans to sell its majority stake, as some had feared.

 
Target Names PepsiCo's Jim Lee as Finance Chief 
 

New CFO joins the retailer as it emerges from a challenging couple of years.

(END) Dow Jones Newswires

September 19, 2024 19:15 ET (23:15 GMT)

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