News Highlights: Top Company News of the Day - Wednesday at 1 AM ET
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.
Rio Tinto Aims to Increase Aluminum Margin, Return on Capital
The world's second-biggest mining company by market value aims to improve the margins in its aluminum business by lowering costs, increasing its footprint in recycled aluminum, and switching to lower-cost renewable power.
Justice Department Sues Visa, Alleges Illegal Monopoly in Debit-Card Payments
The largest card network in the U.S. blocked rivals through payments and higher fees levied on merchants, the government said.
Premier Investments Delays Smiggle Demerger as Annual Profit Drops
Australian retail group Premier Investments reported a near 5% fall in annual profit and said it is delaying the demerger of its Smiggle stationery chain while it discusses a separate deal with department-store operator Myer.
CrowdStrike Official Apologizes for Technical Glitch That Caused Global Outage
Executive tells House subcommittee that the cybersecurity firm has reformed its practices, but sidesteps questions on compensation to those harmed by the July tech meltdown.
Private-Equity Deal for Smartsheet Could Signal a Rebound in Software Buyouts
The deal with Blackstone and Vista Equity Partners values the work-management software provider at about $8.4 billion.
GE Vernova CEO Appraises Nuclear Power Prospects, Offshore Wind Business
The nuclear power industry is set to add 'gigawatts upon gigawatts' of capacity heading into the 2030s, while offshore wind needs to sort out its business model, according to GE Vernova CEO Scott Strazik.
Skael Co-Founder Faces U.S. Fraud Charges
Co-founder of now-defunct business-automation startup raised $30 million in funding by claiming its revenue was far higher than it actually was, the SEC alleges.
Star FTX Witness Caroline Ellison Sentenced to Two Years in Prison
Former crypto executive contributed to a multibillion-dollar fraud.
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.
(END) Dow Jones Newswires
September 25, 2024 01:15 ET (05:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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