News Highlights: Top Company News of the Day - Friday at 3 AM ET

Anglo Rejects BHP's $39 Billion Bid 
 

The U.K.-listed mining giant's chairman said BHP's proposal undervalues the company and is unattractive for its shareholders.

 
CVC Prices IPO, Targets $15 Billion Valuation 
 

CVC priced its IPO at the mid point of its previously guided range, implying a market capitalization of $15 billion when trading starts on Euronext Amsterdam later Friday.

 
ByteDance Says It Won't Sell U.S. TikTok Business 
 

The Beijing-based company said that foreign-media reports that it is exploring the sale of TikTok "are untrue."

 
TotalEnergies Plans $2 Billion Buyback After Profit Beat 
 

TotalEnergies reported higher-than-expected profits in the first three months of the year and said it would buy back $2 billion of shares this quarter.

 
Microsoft CEO to Visit Southeast Asia With AI on Agenda 
 

Satya Nadella will meet officials in Indonesia, Thailand and Malaysia next week, as the tech titan is betting on generative AI for long-term growth.

 
Google Sales Accelerate as Ad, Cloud Businesses Hold Up Amid Costly AI Push 
 

Parent company Alphabet reported $80.5 billion in first-quarter revenue, a 15% increase from a year earlier, as the company said it plans to pay a cash dividend to investors for the first time.

 
Intel's earnings forecast fails to clear low bar, and the stock's drop continues 
 

Intel Corp. shares dropped 8% in the extended session Thursday, adding to their rough start to the year as the chip company reported revenue slightly below Wall Street's expectations.

 
Chinese Financial Services Shares Gain on Consolidation Hopes 
 

Shares of several Chinese financial services companies traded higher Friday on expectations that the sector may see consolidation after state-run Guolian Securities announced its intention to buy another smaller firm.

 
Ted Baker's North American Arm Follows U.K. Business Into Bankruptcy 
 

Authentic Brands' partners stopped paying suppliers to Ted Baker's U.S. and Canadian businesses, executive says.

 
Snap's 2024 plans are showing signs of paying off, and shares soar 25% 
 

Shares of Snap Inc. rocketed higher after hours on Thursday after the social-media platform forecast second-quarter sales that were better than expected, as it attracts more users and tries to strengthen its advertising business.

(END) Dow Jones Newswires

April 26, 2024 03:15 ET (07:15 GMT)

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