News Highlights: Top Company News of the Day - Tuesday at 1 PM ET

CVS, Considering a Breakup, Will Find It's Hard to Do 
 

Splitting the healthcare company into stand-alone pharmacy or health insurance businesses could leave each struggling.

 
Charles Schwab Names President Rick Wurster as Next CEO 
 

Walt Bettinger, who oversaw the company's rise to a personal-finance juggernaut, will retire after a 16-year tenure.

 
Maersk Cautions on Costs And Delays From U.S. Dockworkers Strike 
 

The Danish shipping company said the strike will affect supply chains, delay cargo movement, increase costs and create logistical challenges.

 
Signet Jewelers Stock Tumbles as CEO Drosos to Retire 
 

Virginia Drosos plans to retire in November after serving at the helm of the jewelry company since 2017.

 
Reuters, CNN Become Latest Outlets to Make You Pay for Digital News 
 

Publishers turn to subscriptions in search of new revenue, entering a crowded field.

 
TotalEnergies to Invest $10.5 Billion in Suriname Oil Project 
 

French energy major TotalEnergies said it would invest $10.5 billion in a large offshore oil-and-gas field in Suriname, in what would be the South American country's first offshore hydrocarbon development.

 
Snap Failed to Warn Users About Sextortion Risks, State Lawsuit Alleges 
 

New Mexico has claimed the social-media company's product features and enforcement gaps have made its platform a haven for child predation and blackmail.

 
Stellantis Recalls More Than 150,000 Hybrid Jeeps Over Fire Risk 
 

The news comes a day after the company's shares plunged as it cut its earnings guidance.

 
Nike's Sales Are in a Funk. It's Working Off a Jordan Hangover. 
 

The sneaker company is reducing supply of its Air Force 1, Air Jordan 1 and Dunk models to revive consumers' interest.

 
FTX Shareholders to Recover $230 Million From Government-Seized Assets 
 

Equity holders of the failed crypto exchange will receive cash equivalent to 18% of the seized assets.

(END) Dow Jones Newswires

October 01, 2024 13:15 ET (17:15 GMT)

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