News Highlights: Top Company News of the Day - Friday at 1 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.

 
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.

 
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.

 
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.

 
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.

 
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.

(END) Dow Jones Newswires

September 20, 2024 01:15 ET (05:15 GMT)

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