Top stories: Top business news of the day – Thursday at 1:00 a.m. ET

Meta to European Union: Your Tech Rules Threaten to Squelch AI Boom

Facebook’s parent company and others warn in an open letter that the rules could stifle innovation and economic growth.

 
Boeing Furloughs White-Collar Workers as Strike Worsens Cash Crunch

CEO Kelly Ortberg says she’ll take a pay cut. Ratings firms warn of ratings downgrades.

 
AT&T Will Remove Lead Cables From Lake Tahoe

The company has agreed to remove 8 miles of lead-coated cables from Lake Tahoe after a lengthy legal battle with an environmental group over the issue, according to court documents.

 
GameStop CEO Cohen to Pay Nearly $1 Million for Alleged Wells Fargo Securities-Acquisition Violation

The FTC said that after purchasing the shares, Cohen periodically contacted Wells Fargo executives to discuss ways to improve the bank’s operations and to seek a potential seat on its board.

 
The Tupperware Party Is Over: Iconic Kitchenware Maker Files Bankruptcy

The household goods brand synonymous with cold leftovers has seen sales decline and is set to emerge from bankruptcy.

 
Nippon Steel Gets More Time for U.S. Steel Deal Review

A decision on the national security review may not be made until after the presidential election in November.

 
23andMe Board Resigns in New Blow to DNA-Testing Company

All seven independent directors of DNA testing company 23andMe have resigned following lengthy negotiations with CEO Anne Wojcicki over her plan to take the company private.

 
T-Mobile Strikes Deal With OpenAI

The companies say the new AI platform will collect data on customer interactions to improve service quality.

 
Tyson Foods Sued for Greenwashing

Environmentalists say the meat company’s promises to achieve net zero emissions by 2050 are off the mark.

 
EA Shows Why Game Forecasts Are a Tricky Business

The video game publisher’s first analyst meeting in eight years ended in a fiasco, with few details about the timeline given for major projects.

(END) Dow Jones Newswires

September 19, 2024, 01:15 ET (05:15 GMT)