Dow Jones Top Company Headlines at 11 AM ET: Penske Automotive Group to Be Taken Private by Penske, Mitsui | Better.com ...
Penske Automotive Group to Be Taken Private by Penske, Mitsui
Penske Automotive Group has agreed to be taken private by the transportation-services company's biggest investors for about $4 billion.
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Better.com Adds Former X CEO Linda Yaccarino to Board Amid Proxy Fight
Linda Yaccarino, the former chief executive of Elon Musk's X, is joining the board of Better.com as the digital mortgage lender looks for stability following a messy and expensive proxy fight.
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Lyft Eyes Upscale Corporate Travel as Next Leg of Growth
The ride-hailing company is establishing a new chauffeuring brand, dubbed Alcove, that caters to demand for full days of executive travel between client meetings, conferences and flights, Chief Executive David Risher said.
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Bank of New York Logs Higher Profit But Flags Market Volatility
Bank of New York Mellon recorded third-quarter growth with a hint of caution, as falling stocks in recent days have put up a few red flags.
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AstraZeneca Strikes Up to $1.5 Billion AI Drug Discovery Deal With Insitro
The drugmaker will pay AI therapeutics company Insitro $40 million upfront and up to $1.46 billion subject to meeting targets.
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PNC Revenue Rises on National Expansion
PNC Financial Services Group recorded higher revenue, but came in short of Wall Street's estimates, as profit was dented by $36 million in integration costs tied to its acquisition of FirstBank.
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Charles Schwab Shares Fall Despite Earnings Beat and Jump in New Assets
The company's third-quarter earnings showed clients were taking out loans and adding funds to their investment accounts.
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Ericsson Shares Surge on Strong Sales of Network Gear
Investors shrugged off the Swedish telecommunications-equipment maker's warning that higher component costs will be a headwind to profitability next year.
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TSMC Weighs Texas Expansion, Holds Talks on Musk's Terafab
The world's largest contract chip maker signaled its willingness to participate in large-scale AI infrastructure projects.
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TotalEnergies Expects Windfall as Conflict Squeezes Fuel Supplies
The French energy major said it expects exceptional results from its downstream business after an increase in third-quarter refining margins.
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Gas Exporter Venture Global Wants to Get In on AI Power Boom
The company plans to build gas-fired power plants to supply data centers.
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Anthropic's Quarterly Revenue Jumped 45% to Nearly $17 Billion
The artificial-intelligence giant met with public-market investors Wednesday ahead of its planned IPO next month.
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Big Pharma Is Pouring Billions Into a New Class of 'Protein Degrader' Drugs
New medications are showing promise in going after a certain kind of hard-to-target protein in diseased cells.
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Pernod Ricard Primes Potential Mumbai Listing as Drinking Booms in India
The distiller behind Absolut vodka and Jameson whiskey said momentum in India helped offset sharp sales declines of 10% in the U.S. and 25% in China.
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Kimberly-Clark Forecasts Quarterly Sales Decline
Kimberly-Clark forecast a decline in third-quarter sales and backed its outlook for the year, following a social-media firestorm in China over the company's diapers this past summer.
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Ambani's Jio Seeks $108 Billion Valuation in Landmark India IPO
The telecom arm of Reliance Industries is seeking to raise more than $3 billion in what could be the country's largest-ever listing.
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A Swiss Banking Giant Thinks the Unthinkable: Moving Out of Switzerland
The bank has received approaches from potential U.S. deal partners as it publicly spars with Swiss politicians over substantially higher capital requirements.
(END) Dow Jones Newswires
October 15, 2026 11:15 ET (15:15 GMT)
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