Dow Jones Top Company Headlines at 7 PM ET: Nike Plans a Smaller Company as Sales Slide Deepens | Barbie-Maker ...

Nike Plans a Smaller Company as Sales Slide Deepens

The company said job cuts will begin next year after it lowers sales outlook.

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Barbie-Maker Mattel Draws Takeover Interest From Authentic Brands Group

The brand-licensing giant has made an approach for the toy maker, which has been dealing with a sliding stock and now a chief-executive transition, according to people familiar with the matter.

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Disney Planning TV Restructuring as Streamlining Continues

The reorganization, the latest under CEO Josh D'Amaro, is expected to result in hundreds of layoffs and the consolidation of divisions.

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David Ellison Asks CNN CEO to Stay After Paramount-Warner Deal Closes

Bari Weiss isn't expected to have a role involving CNN at close of the deal, people familiar with Ellison's thinking said.

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ON Semicondcutor to Buy Synaptics for Cash, Not Stock, in Downsized Deal

ON Semiconductor said it will pay $123 a share for Synaptics, giving the deal a value of around $5.7 billion.

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OpenAI Fires Researchers for Allegedly Sharing Information with AI Safety Group

The startup, in the throes of responding to rogue AI incidents, said three employees violated policies for handling sensitive company data.

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General Motors Third-Quarter Vehicle Sales Fall 5.5%

Discontinued models and a diminished market for electric vehicles weighed on the automaker's performance in the third quarter.

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Raytheon Gets $24.4 Billion Navy Contract for Standard Missile-6 Interceptors

The contract is for an initial term of five years and contains two additional option years, the company said.

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Accenture Stock Climbs as AI Demand Boosts Results

The consulting company posted fourth-quarter profit of $1.99 billion, or $3.29 a share, compared with $1.41 billion, or $2.25 a share, a year earlier.

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Boeing Engineers Bless New Contract After Summer Showdown

Stung by a mechanics strike in 2024, the plane maker is trying to avoid a new work stoppage with its engineers and technicians.

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McCormick Is Working to Win Over Value-Conscious Shoppers

The spice maker still reported a 17% increase in sales during the latest quarter, largely due to its acquisition of a controlling interest in McCormick de Mexico earlier this year. On an organic basis, sales ticked up 1.9%.

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UBS Shareholder Calls for Bank to Leave Switzerland

U.S. investor Artisan Partners has urged the bank to part ways with its home country over new capital rules.

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Keurig Dr Pepper Hires Kimberly-Clark President Torres to Helm Coffee Spinoff

Keurig Dr Pepper has hired Russ Torres as chief executive of its coffee spinoff, plucking the executive from Kimberly-Clark.

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Apple's Biggest Battleground for Foldable Phones Is China

Huawei and other Chinese competitors reported higher demand for foldables after announcement of the iPhone Duo.

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Sanofi, Regeneron to Expand Alliance in Up to $8 Billion Deal

The companies will share development and commercialization costs as well as potential future profits from the new drugs, they said.

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Foghorn Stock Sinks as Lilly Scraps Cancer Deal, Forcing 40% Layoffs

Foghorn Therapeutics and Eli Lilly don't plan any future collaborations following the dissolution of a cancer-drug partnership.

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Temasek-Backed Vertex Japan Invests in Digital Trading Cards Startup Heartbeats

Temasek-backed Vertex Ventures Japan has invested in Heartbeats, a Tokyo-based digital trading cards company, the latest in a series of bets aimed at turning Japanese startups into global unicorns.

(END) Dow Jones Newswires

October 01, 2026 19:15 ET (23:15 GMT)

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