News Highlights: Top Company News of the Day - Monday at 9 PM ET

Intel CEO Moves to Further Cut Costs and Separate Chip Making and Design

Company will make manufacturing operations an independent subsidiary and pause construction on plants in Europe and Asia.

Amazon Tells Workers to Return to Office Five Days a Week

Chief Executive Andy Jassy said the company believes having employees in the office full time offers significant advantages.

Microsoft Boosts Dividend, Authorizes Buyback of Up to $60 Billion

Microsoft will raise its quarterly payout by about 11% and begin a new stock-buyback program.

Starbucks's North American CEO Conway to Retire in November

The company said it won't fill the North American CEO role and North American President Sara Trilling will continue to lead its retail operations.

BP to Sell U.S. Onshore Wind Energy Business

The divestment is part of a wider strategy to simplify the business and increase the company's value as it transitions to an integrated energy company, BP said.

Red Lobster Exits Chapter 11 Bankruptcy With New Owners, CEO

Former P.F. Chang's CEO Damola Adamolekun takes the helm of the resurrected seafood restaurant chain.

Micron's stock drops as first 'death cross' in 2 years appears

Micron's stock slumped Monday, just as a longer-term bearish chart pattern appeared for the first time in more than two years, and as Morgan Stanley offered a downbeat outlook for the memory-chip market.

Murdochs Face Off in a Reno Courthouse Over Family Trust

Rupert Murdoch wants to ensure that when he dies control of the trust passes to his oldest son. Three of his other children oppose the change.

Boeing Freezes Hiring, Delays Pay Raises as Strike Worsens Finances

The jet maker said it would freeze hiring and delay pay increases for its salaried workforce as it grapples with financial fallout from a strike launched Friday.

Charles Schwab's stock rises on uptick in August activity

Charles Schwab expects third-quarter results to finish in line with its July business update, with revenue up 2% to 3% from the previous quarter.