News Highlights: Top Company News of the Day - Wednesday at 5 PM ET

Discover Financial CEO Michael Rhodes Resigns 
 

Discover said Michael Rhodes is resigning as CEO and president of the company, shortly after taking over both positions. Rhodes has been tapped as CEO of Ally Financial.

 
Chemours 4Q Loss Narrows After Investigation Prompts Delay 
 

In its annual filing the company said that its lack of internal control was partially a result of senior management failing to set an appropriate tone, specifically related to the delayed payments.

 
Amazon Invests an Additional $2.75 Billion in AI Startup Anthropic 
 

The tech giant's total stake has grown to $4 billion, its largest investment in another company.

 
S&P Global Cuts Paramount Credit Rating Into Junk Territory 
 

The ratings company cut Paramount Global to BB-plus from BBB-minus, citing continuing cord cutting and elevated investments required to support the buildout of streaming services.

 
Disney Settles with DeSantis Over Florida Tax District 
 

The entertainment giant has been in a long-running fight with the Republican governor over laws targeting a tax district that covers the land that houses Walt Disney World.

 
Robinhood's stock jumps after company launches first credit card 
 

The Robinhood Gold Card is aimed at Robinhood Gold members - a subscription product offering premium services for a fee - and has no annual fee or transaction fees, but comes with a 3% cash back on all categories.

 
BYD's Rise Challenges Tesla-And Its Valuation 
 

BYD and Tesla have a lot in common these days-except in terms of market value, where the U.S. company is roughly seven times as big.

 
Kimberly Clark Reorganizes, Setting Long-Term Growth Targets 
 

The maker of Kleenex is aiming for adjusted EPS to grow in the mid-to-high single digits over the long term.

 
VIP Programs Offered by Online Gambling Companies Draw Federal Scrutiny 
 

Following a WSJ report, Sen. Richard Blumenthal asked FanDuel, DraftKings and other companies how they target big spenders and VIPs.

 
Carnival Warns of Profit Hit From Baltimore Bridge Collapse 
 

The cruise operator said it expects the disruption to hit annual adjusted earnings by as much as $10 million.

(END) Dow Jones Newswires

March 27, 2024 17:15 ET (21:15 GMT)

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