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

Micron Revenue Soars on  'Robust AI Demand' 
 

The memory chip maker said revenue grew 93% in the latest quarter.

 
OpenAI Chief Technology Officer Resigns 
 

It is the latest in a string of departures this year at the company behind ChatGPT.

 
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.

 
Ubisoft Slashes Guidance After Assassin's Creed, Star Wars Setbacks 
 

The updated forecasts come after the French videogame maker delayed the release of Assassin's Creed Shadows and said initial sales of Star Wars Outlaws proved softer than expected.

 
Meta Slashes Price of Quest VR Headset 
 

The new Quest 3S headset starts at $300, as Facebook-parent Meta seeks to further undercut Apple's new Vision Pro.

 
UniCredit Sees All Options Open for Commerzbank Stake But Won't Seek Board Seat 
 

Italy's UniCredit won't seek a seat on Commerzbank's supervisory board despite a recent move to become the German bank's biggest shareholder, UniCredit's chief executive said Wednesday.

 
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.

 
DP World Is Seeking to Build a Trade Hub in Mexico 
 

Port terminal operator DP World is talking to Mexico's government about allowing it to start operations in the country, which would enable the Dubai-based business to handle cargo heading into the U.S. from the south.

 
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.

 
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.

(END) Dow Jones Newswires

September 25, 2024 17:15 ET (21:15 GMT)

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