News Highlights: Top Company News of the Day - Thursday at 3 PM ET

Justice Department Probes Server Maker Super Micro Computer 
 

The probe is at an early stage and follows a critical report by an activist short-selling firm.

 
Southwest Airlines Pitches New Vision for Budget Pioneer in Activist Battle 
 

The budget-travel pioneer is doing away with some hallmarks of the no-frills model that made it an industry icon, as it fends off an activist investor.

 
Commerzbank Confirms Independent Strategy Ahead of Talks With UniCredit 
 

The German lender said it planned to improve its profitability and boost shareholder returns as it grapples with a possible takeover attempt by Italy's UniCredit.

 
Citi and Apollo ink latest financial alliance as private-credit deals explode 
 

Citi and Apollo plan a $25 billion private-credit program with capital from insurance annuity company Athene and Abu Dhabi's Mubadala Investment Co.

 
LVMH Stock Soars on China Stimulus Hopes. What to Do With Luxury Shares Now. 
 

A sustained Chinese economic recovery is necessary for a turnaround.

 
Diageo Backs Targets; Warns of Continued Challenges 
 

The spirits maker confirmed its outlook for the near and medium term, but cautioned that a tough consumer backdrop means both the beverage industry and the company continue to face challenges.

 
H&M to Miss Margin Target as Higher Costs Hurt Earnings 
 

H&M won't hit a key profitability target this year but said sales momentum picked up through July and August before accelerating further in September.

 
BASF Slashes Dividend, Plans Portfolio Shake-Up in Strategy Shift 
 

The chemicals giant cut its annual dividend and opened the door to selling noncore assets, including a potential listing of its agricultural-chemicals business.

 
Micron's stock could see its best day in 13 years. What's behind the big move. 
 

Micron's stock momentum after earnings reflects relief over the guidance as well as an appreciation for the company's ability to benefit from AI trends.

 
CarMax's stock up 6% as sales beat offsets car-loan pressures 
 

CarMax Inc.'s stock reversed early losses to trade up 5.9% Thursday, after the used-car retailer's fiscal second-quarter sales topped estimates and offset pressure on its car-loan business.

(END) Dow Jones Newswires

September 26, 2024 15:15 ET (19:15 GMT)

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