Dow Jones Top Company Headlines at 7 PM ET: Apple Names New CEO as Tim Cook Steps Aside | Anthropic, ...
The longtime Apple insider is succeeding Tim Cook, who will become executive chairman.
Anthropic, Amazon Tighten Bond in $5 Billion Investment and Computing Deal
Amazon will invest as much as $25 billion in the AI company, which will secure up to 5 gigawatts in badly needed computing power in the pact.
Spirit Airlines in Talks With Trump Administration on Government Investment
Florida-based Spirit has been working to sell some planes and refocus operations on core cities.
Bipartisan Senators Warn United and American Airlines on Potential Merger
Though American has rejected a deal, lawmakers asked both carriers to share how it could affect routes and fares.
Honeywell to Sell Productivity Unit for $1.4 Billion
Brady Corp. agreed to acquire Honeywell International's productivity solutions and services business for $1.4 billion.
USA Rare Earth to Acquire Serra Verde in $2.8 Billion Deal
USA Rare Earth has agreed to acquire the owner of a rare-earth mine and processing plant in Brazil, a move that would strengthen its mine-to-magnets supply chain amid geopolitical tensions between the U.S. and China.
Alaska Air Group Suspends Guidance, Citing Fuel Cost Uncertainty
"Until conditions stabilize and we have better sight to earnings beyond the current quarter, we have suspended full-year guidance," the company said.
Steel Dynamics Posts Higher First-Quarter Profit, Sales Amid Growth in Steel Shipments
The steel producer posted a profit of $403.4 million amid increased steel prices and a rise in demand for steel.
Zions Bancorp Reports Higher First-Quarter Profit
The Salt Lake City-based regional bank posted a quarterly profit of $232 million, up from $169 million a year earlier.
Red Lobster's Endless Shrimp Is Back-With a Few Strings Attached
The seafood chain is bringing back the promotion for the first time since bankruptcy, with some limits.
Under terms of the deal, certain affiliates of Blue Owl Real Estate Capital will buy all outstanding shares of Sila's common stock for $30.38 apiece, the company said.
The deal for Kelonia Therapeutics is valued at $3.25 billion upfront.
AST SpaceMobile's stock falls after failure of Jeff Bezos-backed satellite launch
Blue Origin successfully launched AST SpaceMobile's satellite to orbit, but it was at the wrong altitude.
Cleveland-Cliffs Earnings Boosted by Trump Trade Enforcement. The Stock Is Still Down.
The steel maker reported first-quarter Ebitda of $95 million, including an $80 million oneâ'time energy cost impact. Wall Street was looking for Ebitda of about $92 million.
Blackstone-Backed Jersey Mike's Subs Files Confidentially for IPO
Jersey Mike's said the number of shares it plans to offer and the price range for the proposed offering haven't yet been determined.
The Italian bank, which is Commerzbank's largest shareholder, said the Frankfurt-based group's current trajectory is one of operating underperformance.
McKesson to Sell Stake of Medical-Surgical Unit to Apollo
McKesson said Apollo affiliates agreed to buy a minority ownership interest in its medical-surgical solutions business ahead of the unit's planned spinoff.