News Highlights: Top Company News of the Day - Monday at 9 PM ET

WeWork to Advance Bankruptcy Plan That Would Hand Control to Yardi Systems 
 

WeWork cleared one of the last remaining hurdles to hand control of the co-working business over to service partner Yardi Systems in a bankruptcy restructuring that would value the company at a fraction of what it was worth at its peak five years ago.

 
How Bob Bakish, the Anti-Mogul CEO, Struggled to Rescue Paramount 
 

The company veteran stepped down Monday with Paramount in the midst of a merger drama.

 
NBC Prepares $2.5-Billion-a-Year Bid to Pluck NBA Rights From TNT 
 

The league is in advanced stages of a new round of media-rights deals. Disney's payments would increase under a proposed deal.

 
L'Occitane Owner Offers Buyout That Values Company at EUR6 Billion 
 

The Luxembourg-based and Hong Kong-listed cosmetics company said that the offer from L'Occitane Groupe, Geiger's holding company, to buy the remaining shares would cost EUR1.7 billion.

 
FCC Fines Wireless Carriers for Sharing Customer Data 
 

The agency said four carriers sold access to customers' location data to aggregators.

 
Hertz's Soured EV Bet Drags Down Post-Bankruptcy Stock 
 

The rental-car company maintained equity value throughout bankruptcy, but the painful reversal of its electric-vehicle strategy has since weighed on the stock.

 
Peacock raising prices by $2 a month ahead of Summer Olympics 
 

Peacock is raising prices again, a year after its last price hike and just in time for the Summer Olympics.

 
IBM's Bet on HashiCorp to Boost Cloud Management Offerings 
 

Its second-largest acquisition to date is geared at helping businesses manage multiple cloud platforms, and capturing the Silicon Valley company's developer following.

 
Dish Network Bondholders Sue Over EchoStar Asset Moves 
 

Bondholders of Dish Network sued the struggling telecommunications company over transactions that they say moved billions of dollars in assets out of their reach.

 
Glass Lewis Backs 6 Activist Nominees for Norfolk Southern's Board 
 

Norfolk Southern leaders were dealt a heavy blow in their proxy fight with activist investor Ancora Holdings after proxy advisory firm Glass Lewis endorsed six of Ancora's seven proposed board nominees.

(END) Dow Jones Newswires

April 29, 2024 21:15 ET (01:15 GMT)

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