News Highlights: Top Company News of the Day - Tuesday at 5 PM ET

Justice Department Sues Visa, Alleges Illegal Monopoly in Debit-Card Payments 
 

The U.S.'s largest card network blocked rivals through payments and higher fees levied on merchants, the government says.

 
Commerzbank CEO to Step Down, Finance Chief Bettina Orlopp Named Successor 
 

The changes come as the German bank continues a battle with UniCredit over its future.

 
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.

 
Star FTX Witness Caroline Ellison Sentenced to Two Years in Prison 
 

Former crypto executive contributed to a multibillion-dollar fraud.

 
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.

 
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.

 
Landlord Invitation Homes to Settle FTC Allegations of Hidden Costs 
 

The owner of single-family homes has agreed to pay $48 million to refund consumers.

 
CrowdStrike Faces Lawmaker Questions Over July Outage 
 

Congress is grilling an executive from CrowdStrike Tuesday about the July outage that disrupted operations for airlines, 911 call centers and other customers worldwide, set off by the cybersecurity firm's software.

 
Johnson & Johnson's Third Bankruptcy Venue to Be Determined by Houston Judge 
 

A New Jersey judge said the Houston court where the latest case is pending should resolve the venue dispute.

(END) Dow Jones Newswires

September 24, 2024 17:15 ET (21:15 GMT)

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