News Highlights: Top Company News of the Day - Wednesday at 1 AM ET

Oracle to Invest $6.5 Billion in AI and Cloud Infrastructure in Malaysia 
 

Oracle Corp. plans to invest more than $6.5 billion to establish a public cloud region in Malaysia, aiming to meet the country's growing demand for artificial intelligence and cloud services.

 
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.

 
LPL Financial Terminates CEO Dan Arnold 
 

The board of LPL Financial Holdings terminated Dan Arnold as the retail investment advisory firm's top executive for having violated the company's commitment to a respectful workplace.

 
Apple Stock Has a Gloomy October Start. Analysts Worry About iPhone Demand. 
 

Barclays analyst Tim Long made some recent supply chain channel checks and believes that Apple may have just cut orders at a Taiwanese supplier for the December quarter.

 
He Stole $22 Million to Fund His Gambling Addiction. Now, He's Suing FanDuel. 
 

A former Jacksonville Jaguars employee who embezzled money from the team to fund his fantasy-sports habit alleges that the betting company manipulated him.

 
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.

 
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.

 
Monarch Alternative Capital Closes $4.7 Billion Credit Fund 
 

Monarch Alternative Capital has raised more than $4.7 billion for its latest fund, which the distressed-debt investor says will capitalize on opportunities presented by elevated interest rates and economic uncertainty.

(END) Dow Jones Newswires

October 02, 2024 01:15 ET (05:15 GMT)

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