Dow Jones Top Company Headlines at 1 PM ET: Visa Is Slashing 2,600 Jobs as It Adapts to Changing Payments Industry | Apple ...

Visa Is Slashing 2,600 Jobs as It Adapts to Changing Payments Industry

Cuts, mostly in technology and product teams, affect about 7% of the payment giant's workforce.

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Apple Launches Product Leasing Program Through Klarna

The Apple Upgrade program will allow customers to pay monthly for new products and then return, upgrade or buy the device.

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Chip-Equipment Supplier ASM International Lifts Sales Outlook as AI Fuels Orders

The Dutch group expects revenue to exceed its previous 2027 target of $4.21 billion to $5.23 billion, citing strong orders, expectations for continued robust bookings, and visibility from customers.

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Gucci-Parent Kering Posts Higher Revenue as Revival Plan Continues

The French luxury group logged higher revenue of $4.15 billion in its latest quarter, even as Gucci's revenue fell 3%.

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Ray-Ban Maker EssilorLuxottica's Sales Growth Slows Despite Smartglasses Boom

The Franco-Italian manufacturer of Oakley and Ray-Ban sunglasses booked 8.7% year-over-year organic growth in the three months through June, losing a little pace from the 11% growth it recorded in the first three months of the year.

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Boeing Spends Big to Meet Deadline for New Air Force One

The plane maker posted a loss as it invests to ensure the presidential plane can be delivered by 2028.

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UPS Lifts Outlook, Says Restructuring Efforts Are Paying Off

United Parcel Service raised its full-year outlook after revenue climbed in the second quarter, as the company said its yearslong restructuring efforts are bearing fruit.

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Coca-Cola Raises Outlook After Successfully Navigating Consumer Caution

Coca-Cola recorded higher profit and sales in the second quarter, citing better concentrate sales, pricing and product mix.

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JetBlue Loss Widens Due to Higher Fuel Costs

JetBlue Airways recorded a bigger loss in the second quarter stemming from higher jet fuel prices, though it blunted about half of that damage with higher fares and strong customer demand.

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Centene Lifts 2026 Outlook as Insurer Contains Medical Costs

Centene lifted its guidance for the year buoyed by better medical cost control along with strength in its core government-sponsored and individual healthcare lines.

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PayPal Is Open to Buyout, but Focused on Turnaround

PayPal bumped up its profitability forecast and signaled an openness to a potential deal if it came at the right price.

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FAA Flags Quality Issue Affecting Seats on Hundreds of Boeing MAX Jets

The U.S. regulator said it had received a report that seats on some of the planemaker's MAX jets were incorrectly installed in their tracks.

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Royal Caribbean Says Geopolitical Tensions Moderated Bookings

Royal Caribbean Group cut its revenue outlook for the year, as prolonged geopolitical uncertainty hurt bookings in the second quarter.

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Hilton Sales Rise as Mid-Range Hotels See Resurgence

The hotel company posted a second-quarter profit of $482 million, or $2.10 a share as renewed demand for mid-range hotels is helping to fuel revenue growth in the U.S.

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Corning Capacity Limits, Smartphone Slump Weigh on Outlook

While demand for next-generation data centers remains hot, executives signaled that output is capped by current manufacturing limits as it rushes to build out new capacity.

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GSK Launches Saving Plan to Accelerate Drug Pipeline

The U.K. drugmaker is targeting annual savings of $2.52 billion by 2029, as Chief Executive Luke Miels outlined his roadmap to hit the company's 2031 sales target.

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Johnson & Johnson Agrees to Pay $5.5 Billion to Settle Talc Lawsuits

The drugmaker aims to put an end to litigation that has been going on for more than a decade.

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Unilever Raises Outlook After Quarterly Sales Volume Growth Hits 16-year High

Shares were almost 6% higher after the consumer-goods company's underlying sales growth accelerated to 5.8%-well above company-compiled estimates.

(END) Dow Jones Newswires

July 28, 2026 13:15 ET (17:15 GMT)