Dow Jones Top Company Headlines at 3 AM ET: OpenAI's Promise to Stay in California Helped Clear the Path for Its IPO | Amazon ...

OpenAI's Promise to Stay in California Helped Clear the Path for Its IPO

The company assured state officials on its commitment as it continues its global expansion, which could include a public offering as soon as 2027.

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Amazon Web Services Plans Additional $5 Billion AI Investment in South Korea

Amazon's cloud-computing arm plans to invest an additional $5 billion in South Korea over the next six years to build new artificial-intelligence data centers in the country.

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SK Hynix Posts Record Earnings on Robust AI Chip Demand

The South Korean memory-chip maker attributed the stellar third-quarter performance to brisk shipments of higher-end HBM3E products as well as higher prices for DRAM chips.

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Santander Profit Rises on Contained Costs

Net profit was a touch above analysts' expectations and rose 8% from the comparable quarter last year.

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UBS Net Profit Surges on Provision Releases, Client Momentum

Profit was boosted by fees from wealthy clients and corporate dealmaking and the release of litigation provisions.

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Mercedes-Benz Confirms Guidance After Tariffs, Chinese Weakness Weigh on Earnings

The carmaker said earnings took a hit from U.S. import tariffs and weakness in China as it reported a drop in net profit.

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Australia's Lynas to Build New Heavy Rare-Earths Plant in Malaysia

Lynas Rare Earths will build a new heavy rare-earth separation facility in Malaysia to meet demand from buyers looking to source the critical minerals from outside of China.

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Visa Sales Jump as Consumers Keep Spending

Visa's revenue climbed 12% in its fiscal fourth quarter as healthy consumer spending drove payments volumes higher.

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Nvidia to Invest $1 Billion in Nokia in AI Pact

The chip maker will have a 2.9% ownership stake in the Finnish telecommunications company.

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Eli Lilly Partners With Nvidia to Build AI Supercomputer for Drug Discovery

The drugmaker hopes an Nvidia-chip powered supercomputer will help it find new drugs and accelerate lengthy R&D timelines.

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Automaker Production Stoppages Begin Over Semiconductor Shortage

Honda is starting temporary production reductions and stoppages this week at North American factories.

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EA's Sales, Profit Drop After Lapping College-Football Launch

The Redwood City, Calif., company posted a profit of $137 million, or 54 cents a share, for the three months ended Sept. 30, down from $294 million, or $1.11 a share, a year earlier.

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Caesars Entertainment Third-Quarter Loss Widens

The casino operator logged a wider loss in its latest quarter as revenue from its Las Vegas business fell, hurt by weak demand for leisure travel.

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Cheesecake Factory Third-Quarter Profit Up, Comparable-Sales Edge Higher at Namesake Brand

The chain reported a profit of $31.9 million amid a softer operating environment for the restaurant industry.

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Paramount Signs Lease at New Jersey Studio Complex

The company has agreed to use 285,000 square feet at 1888 Studios in Bayonne, N.J.

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Wal-Mart de Mexico Net Profit Falls in Third Quarter

The retailer posted lower net profit in the third quarter on a one-off item, while sales and operating profit rose from a year earlier.

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PPG Cuts Full-Year Earnings Outlook on Soft Demand

The Pittsburgh paint and coatings company expects full-year earnings of $7.60 to $7.70 a share, as PPG anticipates some customer inventory management in automotive refinish coatings at the end of the year.

(END) Dow Jones Newswires

October 29, 2025 03:15 ET (07:15 GMT)