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

Google Files EU Antitrust Complaint Against Microsoft 
 

The search giant argues that Microsoft is abusing its market power in enterprise software to push customers to use its cloud-computing service.

 
The Two Big Insurers Still Betting on Fossil Fuels 
 

Most companies have cut back on oil, gas and coal investments after big climate-related losses. But State Farm and Berkshire Hathaway's insurance companies increased theirs.

 
How Hello Kitty Took Over the World 
 

Investors in Sanrio have made 10 times their money as the iconic Japanese brand expands digitally.

 
SAP Stock Drops. Price-Fixing Probe Report Fuels the Selloff. 
 

The Justice Department is investigating the German software developer, according to a report.

 
Meta Turns to Awkwafina, John Cena to Draw Users to AI 
 

The tech company is expected to announce deals with celebrities who have agreed to allow a likeness of their voices to be used with its AI assistant.

 
Rightmove Rejects Third REA Bid 
 

Rightmove rejected the latest bid from News Corp.-controlled REA Group valued at $8.1 billion, saying the offer still materially undervalues the company and its future prospects.

 
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.

 
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.

 
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.

 
Shein Faces Italian Antitrust Scrutiny Over Environmental Claims 
 

Italian officials opened an investigation into Shein, saying the online fast-fashion giant might be making misleading claims about the sustainability of the clothing it sells.

(END) Dow Jones Newswires

September 25, 2024 09:15 ET (13:15 GMT)

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