Dow Jones Top Company Headlines at 5 PM ET: Nike Projects Sales Decline This Year After Lower First-Quarter Revenue | Barbie-Maker ...

Nike Projects Sales Decline This Year After Lower First-Quarter Revenue

The company expects sales during the year to decline by a high-single-digit percentage after challenges in China persisted in the first quarter.

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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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OpenAI Fires Researchers Researchers After Alleged Information-Sharing

The AI startup is in the throes of responding to several incidents in which its AI models went rogue.

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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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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's Engineers Hold Leverage in Contract 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 17:15 ET (21:15 GMT)

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