News Highlights: Top Company News of the Day – Tuesday at 11 AM ET

Southwest Airlines Overhauls Board Amid Activist Pressure

Executive Chairman Gary Kelly plans to retire as part of a shake-up of the airline’s board, under pressure from activist investor Elliott Management.

 
Apple Loses Court Battle Over $14 Billion Irish Tax Bill

Apple and Alphabet’s Google lost attempts to overturn multibillion-dollar rulings in the EU, as authorities there continued efforts to rein in alleged abuses by big tech companies.

 
An Ugly Picture Emerges for Cosmetics Makers in China

Sales are plunging, sending an economic warning signal in what was once their most important market.

 
BMW Cuts Profit Margin, Deliveries Forecasts

BMW lowered its sales and earnings targets, saying expensive measures to fix a braking-system problem and muted demand in the world’s largest car market would dilute its bottom line.

 
UPS Bolsters Healthcare-Logistics Expansion with Acquisitions in Germany

United Parcel Service is acquiring a pair of healthcare-logistics providers based in Germany, extending the carrier’s expansion in a burgeoning distribution sector.

 
Boeing Pushed Back 737 MAX Production Ramp. Who That Impacts.

Aerospace by Boeing doesn’t expect to reach production of 42 737 MAX jets a month until early 2025, about six months later than originally planned.

 
Oracle's Missteps in Cloud Computing Are Paying Dividends in AI

The long-stagnant stock is up 34% thanks to the company’s neutral status in the booming market for AI computing power.

 
It's the Airplane of the Future. It's Still Grounded.

Engine problems are the latest chapter in the troubled history of the Airbus A220, a jet that has the potential to revolutionize regional and short-haul travel.

 
Apple's Challenge in China Rises With New Rival Phones and AI Delay

The company is at a disadvantage against phone makers offering artificial-intelligence services in China, where sales of iPhones have declined for four consecutive quarters.

 
Alibaba Shares Rise on Hopes for Higher Demand From Mainland Investors

The Chinese e-commerce giant’s shares surged in Hong Kong on expectations that easier access for mainland Chinese investors may boost demand.

(END) Dow Jones Newswires

September 10, 2024 11:15 ET (15:15 GMT)