Nuveen Real Asset Income and Growth Fund declares $0.1335 dividend (NYSE:JRI)

Meta plans to issue non-voting Class C shares in 2027, according to Oppenheimer, to protect CEO Mark Zuckerberg's voting control and fund AI investments. Oppenheimer maintains a $710 price target and Perform rating on Meta. The move aims to mitigate potential impact from a proposed California wealth tax and capital needs for AI and data center expansion.

SK Hynix canceled the $10B-$15B IPO of its flash-memory unit, Solidigm, citing market conditions and share price trends. The company's shares, listed in July at $149, are currently trading below that price. Memory and storage stocks, including SK Hynix and Micron, have lost significant market value from their 2023 records. Solidigm's IPO withdrawal follows other AI-linked deals being postponed or scaled back.

Comcast plans to separate its media and entertainment assets, including NBCUniversal and Sky, from its broadband business. The split, expected in a year and subject to approvals, will create a separately traded media company. Comcast shareholders will receive shares in both entities, with Comcast retaining up to 19.9% stake in the media company for a year. Mike Cavanagh will lead the media company, while Michael Angelakis will become Comcast's CEO.

American Express (AXP) announced plans to cut 5% of its global workforce, affecting around 3,850 employees. The company will take a $336M restructuring charge in Q3, according to CEO Stephen Squeri. This move aims to enhance agility and efficiency, allowing greater investment in business priorities.

Arcosa, now a subsidiary of CRH Americas, terminated its 2023 credit agreement early, repaying $450.1 million in principal and interest. The agreement included a $700 million revolving facility and a $700 million term loan, with no material early termination fees. The termination followed a $7.5 billion merger.

Walmart plans to issue $3B in U.S. notes and C$5B in Canadian notes, maturing between 2029-2056. Coupon rates range from 4.150% to 5.550%. Proceeds, after discounts, are expected to be $2.985B and C$4.979B. Notes are senior unsecured debt.