Dow Jones Top Company Headlines at 1 PM ET: PepsiCo Trims Outlook as North American Unit Underperforms | Microsoft ...
PepsiCo Trims Outlook as North American Unit Underperforms
PepsiCo cut its full-year earnings outlook as it faces inflation, higher advertising costs and continued weakness in its North American business, even as the company works to reduce expenses and revive sales.
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Microsoft Forms New Xbox Unit Focused on Film, TV in Turnaround Effort
The new division, dubbed XP, aims to help Xbox's roster of video games grow their fan bases, and connect with them more deeply, Microsoft said.
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Michigan Files Antitrust Suit Against Blue Cross Blue Shield Over Rising Costs
The state attorney general alleges the insurer used its dominant position to drive up health costs for patients.
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Amazon Introduces New Lineup of Pricier Tablets
The three new Alexa-branded tablets are priced below what Apple and Samsung charge for similar tablets, but they are higher than Amazon's existing, budget-friendly lineup of Fire tablets.
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Devon Energy Sells Eagle Ford Assets to Crescent Energy for $4.2 Billion
President and CEO Clay Gaspar said the deal is the outcome of an ongoing portfolio review and sharpens the company's focus on its highest-return and longest-duration assets.
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Anglo American Warns of Brazilian Closure if EU Vetoes MMG Nickel Deal
The EU opened an investigation into the deal over concerns that MMG-majority owned by state-owned China Minmetals-could divert ferronickel supplies away from European markets.
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7-Eleven Owner Reports Lower Quarterly Profit
Seven & i Holdings' second-quarter net profit fell as its domestic business proved a drag despite stronger earnings at its North American business thanks to fuel sales.
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Viatris to Buy Pacira BioSciences for $1.65 Billion
Viatris has agreed to buy pain-drug maker Pacira BioSciences for $1.65 billion in a deal that expands the healthcare company's medicines portfolio.
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Oil Majors Cut Production in Gulf of Mexico as Hurricane Isaias Strengthens
Chevron, Shell and Harbour Energy have begun curbing production and evacuating personnel from offshore facilities as the region braces for the hurricane.
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Samsung Expects Operating Profit to Exceed $80 Billion for First Time
The memory giant remains a key beneficiary of global demand for advanced chips as companies invest heavily in AI infrastructure and applications.
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Tesco Lifts Lower End of Profit Outlook on Sales Momentum
The supermarket chain's pretax profit rose 11.5% and it expects further momentum.
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Joe Rogan Re-Ups Lucrative Spotify Deal
The latest multiyear agreement comes as "The Joe Rogan Experience" remains No. 1 in U.S. listenership.
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Porsche AG Increases Stake in Manthey Racing to 67%
The company raised its stake in German auto racing team and performance tuning company as part of its strategy to expand individualization options on its cars.
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U.K. Regulators Ready Green Light for $4 Billion ATM Tie-Up Between Brink's, NCR Atleos
Authorities said the offer to sell off some parts of Brink's business should address concerns over the ATM operator's planned acquisition of its rival.
(END) Dow Jones Newswires
October 08, 2026 13:15 ET (17:15 GMT)
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