News Highlights: Top Company News of the Day - Thursday at 11 PM ET

Applied Materials' stock dips despite upbeat earnings 
 

The chip-equipment company's revenue outlook exceeded expectations at the midpoint.

 
Reddit to Give OpenAI Access to Its Data in Licensing Deal 
 

The deal will give the artificial-intelligence startup access to Reddit's data.

 
Boeing Supplier Spirit AeroSystems to Lay Off Hundreds 
 

The parts maker said it would cut 400-450 jobs in response to a slowdown in production at Boeing.

 
Cracker Barrel is the latest restaurant chain to signal trouble ahead as it sees fewer diners 
 

Restaurant chain slashes dividend as it reports fewer diners, says it had to close stores this quarter

 
Under Armour to Slash Jobs, Warns of Revenue Drop 
 

CEO Kevin Plank said the sportswear brand has tried to do "too much of too much" and will focus on selling fewer products on discounts.

 
Charles Schwab CFO to Retire Amid Executive Reshuffle 
 

The brokerage firm unveiled several executive changes. Among them, Bernie Clark will step down from his role leading the unit that caters to independent financial advisors.

 
Crescent Energy to Acquire SilverBow in $2.1B Deal 
 

SilverBow Resources has agreed to be acquired by its Houston-based rival Crescent Energy in a deal valued at $2.1 billion.

 
AIG to Sell 20% of Corebridge to Nippon Life for $3.8 Billion 
 

Insurance giant AIG has struck a deal to sell a stake in its majority-owned life-and-retirement arm Corebridge Financial to Japan's Nippon Life Insurance for $3.8 billion.

 
Chinese Regulator Flags Synopsys Acquisition of Ansys 
 

The chip software maker disclosed in a regulatory filing that China's State Administration for Market Regulation took the position that Synopsys must have the tie-up cleared by regulators before it can go forward.

 
Canadian Pacific Kansas City Says Railroad Strike Unlikely in Next 60 Days 
 

The timing of the labor-relations board decision could push back the timing of simultaneous walkouts by over 9,000 unionized workers.

(END) Dow Jones Newswires

May 16, 2024 23:15 ET (03:15 GMT)

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