News Highlights: Top Company News of the Day - Thursday at 5 PM ET
Rite Aid Strikes Deal to Hand Control to Creditors, Settle Opioid Claims
Rite Aid has reached preliminary agreements to transfer ownership of the bankrupt drugstore operator to its senior bondholders while settling certain lawsuits over its alleged role in overprescribing opioids, according to court papers filed Thursday.
Semtech's stock pops after sales hike shows business has 'progressed from stable to growing'
Semtech Corp.'s stock initially soared 17% before cooling a bit in extended trading Thursday after the company rang up better-than-expected sales and strong sales guidance for its current quarter.
Disney, Trian Blitz Shareholders for Votes in Last Stretch of Proxy Fight
Neuberger Berman supports Trian's slate, citing the company's succession woes. Others are backing Disney CEO Bob Iger.
Home Depot Buys Roofing Distributor in $18 Billion Deal
The retailer said it would acquire SRS Distribution in a deal with a value of $18.25 billion, which includes assumed debt.
First Medicare Health Plans to Start Paying for Weight-Loss Drug Wegovy
The first major U.S. health insurers have agreed to start paying for the popular anti-obesity drug Wegovy for certain people on Medicare with heart-related conditions.
AMC Tumbles After Stock Sale Announced. The Box Office Downturn Is Biting.
The movie-theater chain says it will sell up to $250 million of stock through an at-the-market offering.
Spotify to Add New Features for Universal Music Artists
As part of an expanded partnership, Spotify Technology will introduce new features that will help Universal Music artists promote new releases and better engage with their fans.
Walgreens Boots Alliance Posts Higher 2Q Sales, Narrows Earnings Guidance
The pharmacy chain posted adjusted earnings of $1.20 a share, compared with analysts' expectations of 82 cents a share.
Super Micro's AI Boom Carries a Big Price Tag
The maker of Nvidia-based AI servers has a hot hand, but a high-cost business model leaves the stock looking overheated.
UBS CEO Ermotti to Steer Credit Suisse Integration
UBS said said Sergio Ermotti is set to stay as chief executive officer to see through the integration of Credit Suisse, and sought to address concerns about its size and potential needs for tighter regulation.
(END) Dow Jones Newswires
March 28, 2024 17:15 ET (21:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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