News Highlights: Top Company News of the Day - Friday at 3 AM ET
KKR Secures About a Third of Fuji Soft, Dousing Hopes of Bidding War
Fuji Soft shares fell sharply on fading expectations of a bidding war after two key shareholders of the software developer agreed to KKR's tender offer.
Berkshire Hathaway Sells More Bank of America Stock. Here's How Much It Has Left.
Warren Buffett's conglomerate unloaded another $900 million worth of shares.
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.
Mercedes-Benz Cuts Full-Year Outlook
The German luxury carmaker said the move was triggered by the further deterioration of the macroeconomic environment, specifically in China.
How Luxury Stocks Lost Their Shine. These Are the Ones That Will Get It Back.
Shares of Burberry, LVMH, and others have had a tough 2024. But there's no need to worry about an economic slowdown.
Move Over, Oil Producers. These Energy Stocks Are Taking the Lead.
Pipeline companies, not oil producers, are the hot oil stocks now.
Retailers Kick Off Holiday Sales Early. Shoppers Could Be a Hard Sell.
With major chains launching discounts in October, retailers are hoping to jumpstart holiday spending. But as economic pressures weigh on consumers, this year's sales season could see slower growth.
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.
Olive Garden Breadsticks Hitch a Ride With Uber in Delivery Deal
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.
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 complying with rules to ensure its operating systems are functional with other technologies.
(END) Dow Jones Newswires
September 20, 2024 03:15 ET (07:15 GMT)
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