News Highlights: Top Company News of the Day - Tuesday at 1 PM ET

TikTok to Shut Down Short-Lived Music-Streaming Service 
 

The service is set to close in November, ending a yearlong attempt to compete against Spotify and Apple.

 
Smartsheet to Be Taken Private by PE Firms in $8.4 Billion Deal 
 

Smartsheet has agreed to be acquired and taken private by Blackstone and Vista Equity Partners in an all-cash transaction valued at about $8.4 billion.

 
AutoZone's stock falls after a rare profit miss, as U.S. sales come up short 
 

AutoZone's stock dropped Tuesday, after the auto-parts retailer reported quarterly earnings and sales that rose, but not enough to meet expectations, as U.S. results continued to underperform.

 
Visa Stock Falls on Reports of Looming Antitrust Lawsuit. The Case Could Weigh on Shares for a While, Analysts Say. 
 

Reports say the U.S. Justice Department's antitrust division could file a lawsuit as soon as Tuesday.

 
Levi's goal of up to $10 billion in annual revenue by 2027 will be pushed back 
 

Levi Strauss & Co.'s goal of generating $9 billion to $10 billion in annual revenue by 2027 will be pushed back as the denim-clothing company is still seeing pressure on its customer after a long inflationary period, new Chief Executive Michelle Gass told the Financial Times.

 
SEC Issues $88 Million Fine Against 12 Firms for Recordkeeping Failures 
 

The Securities and Exchange Commission said 12 firms agreed to pay combined civil penalties of $88.3 million for violating recordkeeping provisions as required by federal securities laws.

 
Beijing Threatens to Block Calvin Klein Owner's Access to China 
 

The possible inclusion of PVH on an "unreliable entities list" comes as the U.S. challenges Chinese firms.

 
Trump Issues Fresh Trade Threats, Targeting Deere 
 

The Republican presidential nominee called for a 200% tariff on goods made in Mexico that were previously made in the U.S.

 
Liberty Broadband Stock Spikes. It May Merge With Charter. 
 

The company submitted a counteroffer to Charter, it said Tuesday morning.

 
Deutsche Post on Track to Meet Guidance After Unveiling New Strategy 
 

The German logistics group, also known as DHL, will focus on fast-growing sectors while simplifying its legal structure as it aims for 50% revenue growth by 2030, compared with 2023.

(END) Dow Jones Newswires

September 24, 2024 13:15 ET (17:15 GMT)

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