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

UAW Loses Unionization Vote at Mercedes Plant in Alabama 
 

Workers at a Mercedes-Benz plant in Alabama voted against joining the United Auto Workers, hurting the union's push to organize at many foreign-owned factories in the South.

 
Binance Gets Two Compliance Monitors in Settlements With U.S. Authorities 
 

Consultant Forensic Risk Alliance and law firm Sullivan & Cromwell have been selected as outside monitors as part of the crypto exchange's $4.3 billion settlements with U.S. regulators.

 
Microsoft Plans Boldest Games Bet Since Activision Deal, Changing How 'Call of Duty' Is Sold 
 

The software company will add the latest installment of the hit videogame series to its Game Pass subscription service at launch.

 
GameStop Shares Retreat on Declining Revenue, Stock Sale 
 

The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop.

 
Musk's X Completes Rebranding Away From Twitter 
 

The social-media platform's URL is now X.com, about a year and a half after Elon Musk completed his $44 billion acquisition of Twitter.

 
Microsoft's Partnership With Mistral AI Cleared by U.K. Regulator 
 

The U.K. Competition and Markets Authority cleared Microsoft's partnership with Mistral AI.

 
Retailers' Shelves Are Attractive Again. At Least for Skechers. 
 

Footwear and apparel brand Skechers USA is getting a boost from its retail partner sales after more than a year of sluggish results in that category.

 
Tencent's Top Shareholder Taps New Chief in AI Ramp-Up 
 

Prosus and South African parent Naspers named Fabricio Bloisi as group CEO, replacing interim boss Ervin Tu, who will become president and chief investment officer.

 
Alibaba Shares Rise as Investors Grow Confident in Outlook 
 

The e-commerce giant's shares rose in Hong Kong, recouping losses from a day earlier as investors turned upbeat on its latest earnings release.

 
CoreWeave Raises $7.5 Billion in Debt for AI Computing Push 
 

The deal is one of the largest-ever private debt financings.

(END) Dow Jones Newswires

May 17, 2024 19:15 ET (23:15 GMT)

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