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

Boeing Makes New Offer to Union in Hopes of Ending Strike 
 

The proposal calls for a 30% raise over four years, up from 25% in an earlier offer.

 
California Sues Exxon, Alleges Plastics Deception 
 

The state's attorney general accused the oil company of misleading consumers about the recyclability of plastic products. It's seeking civil penalties.

 
Italy's UniCredit Trades Blows With Berlin Over Commerzbank 
 

Germany's chancellor decried "unfriendly attacks" on banks after UniCredit moved to raise its stake in the lender.

 
Intel Stock Rises on Report of Apollo Investment. What Wall Street Thinks. 
 

Apollo Global Management offers to invest as much as $5 billion in Intel, possibly in return for equity in the company, according to a report.

 
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.

 
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.

 
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.

 
GE 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.

 
Washington Post to Lay Off a Quarter of Staffers From Software Unit 
 

The stand-alone business had expanded to service other companies.

(END) Dow Jones Newswires

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

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