News Highlights: Top Company News of the Day - Monday at 9 PM ET
Google Backs New Nuclear Plants to Power AI
Startup Kairos Power plans to build small reactors to help supply electricity to the tech company's data centers.
Activist Investor Doubles Down on Calls for Executive Changes at BP
U.K. activist investor Bluebell Capital Partners is pushing BP to remove its chairman and lead independent director.
Coty Joins Competitors in Warning of Beauty Sales Slowdown
The cosmetics company, whose portfolio of brands includes Max Factor and Lancaster, on Monday said retailers are tightening their inventories as mass beauty sales continue to see slow growth trends, particularly in the U.S.
SoFi Stock Is Soaring Thanks to a $2 Billion Pact With Fortress Investment
Fintech SoFi reaches an agreement with Fortress Investment Group to connect pre-qualified borrowers with loans.
Southwest's stock falls after activist calls special meeting to elect new board
Southwest Airlines' stock took a turn lower Monday, after activist investor Elliott Investment Management called for a special meeting to give shareholders a chance to elect "a completely independent" board of directors.
Nvidia Stock Hits Its Highest Closing Price. The Chip Designer Could Soon Be Worth More Than Apple.
The chips company has a market valuation of $3.31 trillion, $150 billion below the iPhone maker's $3.46 trillion.
Caterpillar's stock falls after new bear calls out 'mounting risks' to earnings
Caterpillar's stock pulled back from a record on Monday, after an analyst's warning to sell ahead of earnings, citing valuation and signs of growing risks of weakness in the construction business.
Barclays to Replace Goldman Sachs as Issuer of GM Credit Cards
The deal aims to expand Barclays's consumer ambitions in the U.S. while getting Goldman closer to exiting consumer lending.
Starbucks Scales Back Discounts Under New CEO
Brian Niccol, the company's new chief executive, is aiming to improve cafe operations and focus more on selling premium coffee while promoting seasonal drinks.
The Ultimate Southwest Insider Tasked With Reinventing the Airline
CEO Bob Jordan plans big changes at the budget carrier, but activist Elliott has called for his ouster and is seeking help from shareholders.