News Highlights: Top Company News of the Day - Wednesday at 7 PM ET

Bank of America customers report outage, with some seeing $0 balances in their accounts 
 

An outage at Bank of America left some of the bank's customers unable to access their accounts on Wednesday, while others saw what they said were erroneous balances of $0, according to a flood of reports on social media.

 
Levi Cuts Revenue Outlook, Mulls Sale of Dockers Brand 
 

Levi Strauss cut its revenue outlook for the year and is once again exploring the potential sale of Dockers, the latest move by CEO Michelle Gass to focus the company on its namesake brand.

 
OpenAI Nearly Doubles Valuation to $157 Billion in Funding Round 
 

The startup behind ChatGPT raised $6.6 billion from backers including Microsoft, SoftBank and Thrive Capital.

 
Tesla Reports First Rise in Quarterly Deliveries This Year 
 

The company's global deliveries rebounded in the third quarter, reversing earlier declines that had stoked concerns about its ability to grow its car business.

 
Humana Shares Plunge After Changes in Medicare Star Ratings 
 

The stock slid more than 10% as the health insurer warned that a steep drop in the federal government's quality ratings of its Medicare plans could hit its 2026 results.

 
LVMH Took Over the Paris Olympics. Now It's Snagged Formula One. 
 

From Louis Vuitton trophy cases to Moët & Chandon on the podium, the luxury conglomerate is pulling out the stops with a 10-year sponsorship deal.

 
Joby Stock Is Flying as Toyota Pours in More Cash 
 

The investment will be made in two equal portions and brings Toyota's total investment in Joby to $894 million.

 
Conagra Falls Sharply on Earnings Miss. CEO Points to 'Challenging Environment.' 
 

The packaged-food company posts quarterly earnings that missed analysts' estimates.

 
TotalEnergies Lifts Production Target, Sticks With Shareholder Return Policy 
 

The French energy company's announcement comes at a time when most European majors look likely to pull back on their lofty buyback pledges.

 
Struggling Rental Company Sonder Tries to Dodge WeWork Plight 
 

The hotel-and-apartment rental company is renegotiating leases and partnering with a hotel group to avert the same collapse brought on by a similar model that drove WeWork into bankruptcy.

(END) Dow Jones Newswires

October 02, 2024 19:15 ET (23:15 GMT)

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