News Highlights : Top Company News of the Day - Wednesday at 11 PM ET
Summary
Altria Group plans to sell 18%, or over $2 billion worth, of its large stake in Anheuser-Busch InBev in a secondary offering as it looks to return more cash to shareholders.The company has struggled with growing its sales amid stagnant demand for electric vehicles in the U.S. and last month issued a going-concern warning.Paramount Global is selling its stake in Viacom 18 Media for $517 million to Reliance Industries shortly after the Indian companies announced a joint venture with Walt Disneys Star India.AIA Groups value of new business rose in 2023 as it benefited from the lifting of pandemic restrictions in mainland China, which saw robust demand for its insurance products.Lawmakers are trying to balance national-security and free-speech concerns, with a Senate showdown ahead.The Wall Street giant pledged to bring more women into senior ranks. Instead, top talent says better opportunities are elsewhere.Plank served as CEO of Under Armour from 1996 to 2019, and was named executive chair and brand chief early in 2020.SpaceXs third Starship flight test is scheduled for Thursday, says the private space company.Operating chief Jeffrey Boyer will assume the role of CEO on an interim basis, the company said.Tech giant said Copilot for Security would be available worldwide next month under a pay-as-you-go licensing model.