News Highlights: Top Business News of the Day – Thursday at 7pm ET

Jeep-Maker Stellantis Outlines CEO Succession Plan, Management Shake-Up 
 

The automaker’s CFO and North American chief are resigning over the problems in the US.

 
TD Bank Agrees to $3 Billion in Penalties and Growth Restrictions in U.S. Settlement 
 

The settlement addresses allegations that the Canadian bank’s U.S. unit failed to properly monitor money laundering by drug cartels and other criminal groups.

 
Musk's AI Ambitions Near a Make-or-Break Moment With Tesla Robotaxi Reveal 
 

The electric car maker is also expected to develop plans for an Uber-like taxi service.

 
Nike Names New Head of North America in Push to Fix Core Business 
 

The appointment of Tom Peddie as Nike’s general manager for North America comes days before new CEO Elliott Hill’s first day on the job.

 
AMD's AI event features new chips - but it doesn't help the stock 
 

AMD shares fell more than 4% after the Advancing AI keynote. Last year’s event provided a major boost to stocks.

 
Teva Pharmaceuticals to Pay $450 Million to Settle Kickback Allegations 
 

The payment is intended to resolve allegations that the generic drug manufacturer made false claims and violated a federal law prohibiting the payment of kickbacks to generate federal health care business or patient referrals.

 
Activist Accuses Pfizer of Pressuring Former Executives 
 

Starboard said a former CEO and CFO had helped with the activist campaign but were then pressured to express support for the drugmaker.

 
SEC Sues Crypto Unit of High-Speed Trading Firm DRW 
 

The regulator plans to expand its stricter measures against digital currencies by going after a major trading company.

 
7-Eleven Owner Plans Revamp of Noncore Businesses Amid Buyout Interest From Couche-Tard 
 

Seven & i Holdings cut its profit outlook and announced plans to revamp its non-core businesses as it faced a revised takeover bid from Canada’s Alimentation Couche-Tard.

 
D.E. Shaw Calls for Improvements at Air Products & Chemicals 
 

The hedge fund called for changes at Air Products aimed at addressing underperformance and deficiencies in governance and capital allocation policies.

(END) Dow Jones Newswires

October 10, 2024 7:15 PM ET (11:15 PM GMT)

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