News Highlights: Top Company News of the Day - Monday at 9 AM ET

UniCredit Raises Commerzbank Holding to Around 21% 
 

The Italian lender had earlier disclosed a 9% stake in its German peer, reviving speculation that it could pursue a tie-up.

 
Tempur Sealy to Sell Sleep Outfitters, Mattress Firm Stores 
 

Tempur Sealy International has reached a deal to sell dozens of Mattress Firm locations and the Sleep Outfitters retail chain to Mattress Warehouse as it works through a regulatory challenge to its planned acquisition of Mattress Firm.

 
Chip Giants TSMC and Samsung Discuss Building Middle Eastern Megafactories 
 

Potential projects in the United Arab Emirates could be worth more than $100 billion, though major hurdles remain.

 
GE Aerospace Partners With Microsoft to Bring New AI Tools to Its Workforce 
 

GE Aerospace and Microsoft spent about six weeks developing a GE-specific ChatGPT-like AI application for GE employees. Workers already have asked it more than 500,000 questions.

 
Micron Needs a New Memory Boost 
 

Worries about PC and smartphone demand have pushed down the memory-chip maker's stock, offsetting an AI lift.

 
Rightmove to Consider REA's Sweetened $8 Billion Bid 
 

Rightmove said it would consider a third takeover proposal worth almost $8 billion from News Corp-controlled REA Group, having rejected two previous approaches.

 
How Intel Fell From Global Chip Champion to Takeover Target 
 

Strategic missteps and the artificial intelligence boom have combined to reshape the fortunes of the U.S.'s most storied semiconductor company.

 
Google Emails Show Unease Over Advertising Dominance 
 

At the Google antitrust trial, the Justice Department argued that internal company communications support its claims of illegal monopolization.

 
Roche CEO Calls Industrial Subsidies a 'Waste of Money' 
 

Severin Schwan criticized the subsidies that the U.S. and European governments are using to boost their manufacturing industries against competition from China and other nations.

 
Walmart and Costco Bought Up Stock at Bargain Prices 
 

Retailers Walmart and Costco made robust stock repurchases months before their shares broke out to record highs in September.

(END) Dow Jones Newswires

September 23, 2024 09:15 ET (13:15 GMT)

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