Dow Jones Top Company Headlines at 9 PM ET: Nike Names Pfizer's Denton as Next CFO | FedEx ...
Nike Names Pfizer's Denton as Next CFO
David Denton's appointment, effective Aug. 17, comes as the company struggles to execute a turnaround, with sales dropping in the company's key China market and weakness in the Europe, Middle East, and Africa region.
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FedEx Revenue Rises on Growth in Package Yields, Volume
FedEx logged higher revenue in its latest quarter on higher shipping rates and volumes, but its profit ticked down.
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Cerebras Revenue Soars in First Quarter, Forecasts Full-Year Negative Margins
The company said it expects its operating margins to remain negative and under pressure through the end of the year.
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Google-Parent Alphabet to Replace Verizon in Dow Jones Industrial Average
The change will take effect before the market opens on June 29, said S&P Dow Jones Indices, which manages the index.
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IBM Getting Ready to Scale Quantum Computing
This year, the company is laying the groundwork to turn quantum computing into a fully-fledged, scalable business from an expensive science project.
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Walmart, in Biggest Deal in Two Years, Buys Advertising Tech Firm
Retail giant is paying $1.4 billion for Vibe.co, a company that enables advertising through connected TVs.
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SpaceX pulls off one of the biggest AI debt deals yet
The offering is set to close on Friday and help SpaceX pay off its existing debt
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KB Home Reports Lower Revenue as Difficult Housing Market Persists
The home builder said revenue fell to $1.11 billion from $1.53 billion a year prior and narrowed its full-year outlook.
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Energy Fuels to Acquire German Magnetics Firm for $1.9 Billion
Private-equity firm Ara Partners is selling Vac to the mining company.
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Carnival Says Iran War Disrupted Bookings, Issues Soft Outlook
The cruise line said that booking trends during the recent quarter were most disrupted across Europe, particularly in the Mediterranean region.
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Avis Wins $650 Million From Hedge Fund Accused of Stoking Wild Stock Swings
Pentwater Capital agrees to pay Avis Budget to resolve an unusual spat where the car rental company singled out one of its major shareholders.
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Athleisure Brand Vuori Targets China in Global Retail Push
The retailer, known for its jogger pants, is looking to snag market share in Asia from rivals like Lululemon and Alo Yoga.
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Iran Is Preparing Oil Tolls. These Companies Can Build Workarounds.
Among the public companies that construct pipelines and other installations in the Middle East are Italian engineering firm Saipem and France-based Technip Energies.
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Porsche Could Cut Jobs as It Pushes Ahead With Turnaround Effort
The sportscar maker is in talks with employee representatives as it pushes ahead with a broader streamlining plan.
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Brewer Heineken Taps Peet's Executive to Fill Vacant CEO Seat
Rafael Oliveira is set to take the reins from Oct. 1, ending a period of uncertainty at the top of one of the world's largest brewers.
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Oracle Sheds 21,000 Jobs as It Sharpens Focus on AI
The tech company's head count shrank by roughly 13% in its last fiscal year, as it continued to invest in artificial intelligence.
(END) Dow Jones Newswires
June 23, 2026 21:15 ET (01:15 GMT)
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