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

Dow Jones
19 Mar
 
Activist Starboard Prepares to Launch Proxy Fight at Autodesk 
 

Starboard has a more than $500 million stake and plans to nominate a minority board slate.

 
Rio Tinto Urges Shareholders to Reject Dual-Listing Review 
 

The Anglo-Australian mining giant stepped up its defense of its dual-listed structure, warning that an independent review, as urged by an activist investor, could distract the mining giant from its strategic goals.

 
JX Advanced Metals Shares Rise in Trading Debut After $3 Billion IPO 
 

Shares rose sharply in their trading debut after parent Eneos Holdings spun off its metals subsidiary.

 
Purdue Pharma Files New Reorganization Plan With $7.4 Billion for Creditors 
 

The bankrupt drugmaker and OxyContin manufacturer will be dissolved and its assets transferred to a new company.

 
Morgan Stanley is the latest bank to trim its workforce. Here's why. 
 

Morgan Stanley plans to cut between 2% and 3% of its 80,000 global employees late this month, a person familiar with the matter said on Tuesday.

 
Wiz Deal Buoys Cyber Startup Outlook 
 

'This is very good for the industry,' Lightspeed Venture Partners' Arif Janmohamed says about Alphabet's multibillion-dollar acquisition of cyber startup Wiz.

 
Nvidia CEO Says AI Computing Needs to Surge 100-Fold 
 

Jensen Huang announced new Rubin AI chips and corporate partnerships in a bid to shore up investor confidence in the AI boom.

 
Malaysian Retailer Looks to Line Up Investors Ahead of IPO, Sources Say 
 

Eco-Shop is looking to line up investment commitments from international and domestic asset managers ahead of a planned IPO that could value the company at close to $1 billion, people familiar with the situation said.

 
Siemens to Cut More Than 6,000 Jobs in Automation, EV Charging Businesses 
 

The German industrial conglomerate said the measures will affect around 5,600 jobs worldwide in the automation segment and around 450 jobs globally in the electric-vehicle charging business.

 
Alimentation Couche-Tard Posts Higher Profit, Revenue 
 

Alimentation Couche-Tard logged higher profit and revenue in its fiscal third quarter boosted by higher same-store sales in some regions.

 
 

(END) Dow Jones Newswires

March 19, 2025 05:00 ET (09:00 GMT)

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