Dow Jones Top Company Headlines at 1 PM ET: American Express to Cut 3,500 Jobs | Bombardier ...
American Express to Cut 3,500 Jobs
The credit-card company is the latest to announce job cuts this week as Barclays, eBay and Volvo also lay off thousands of employees.
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Bombardier to Invest $270 Million in U.S. Expansion as Trump Softens Stance
The expansion, which includes projects in Texas, Indiana, Kansas and Connecticut, will directly add 800 U.S. jobs, the Montreal-based business-jet maker said.
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SK Hynix Pauses IPO of Memory-Chip Unit as AI Valuation Fears Mount
The decision to pull Solidigm's U.S. public debut comes amid deepening investor caution toward artificial-intelligence valuations.
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SLB Revenue Rises as Data-Center Demand Grows, Middle East Business Recovers
The company's third-quarter revenue climbed 5.8% to $9.45 billion, supported by rapid growth in its data-center division and a gradual recovery in its Middle East business.
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Eni to Sign up to $1.8 Billion of Infrastructure Contracts for Cyprus Gas Project in Coming Days, Sources Say
The contracts involve building subsea infrastructure that will help extract, treat and send gas to Egypt via underwater pipelines, according to people familiar with the matter.
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Archer Aviation Launches Air Taxi Fleets in Texas
The air taxi networks will be in Austin, Houston and the Dallas-Fort Worth area, with the goal of increasing connectivity between major airports, business hubs and tourist destinations.
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Booz Allen Expects Growth to Accelerate as Civil Business Pressures Ease
The company raised its full-year earnings outlook after reporting a higher profit in the latest quarter.
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Volvo Car Slumps After 2,500 Job Cuts Added to Expanded Turnaround Push
Shares were down 26% after the automaker said it would cut another 2,500 jobs-around 6% of its workforce-amid worsening market conditions.
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LKQ Ousts CEO, Warns of Third-Quarter Shortfall
Shares of LKQ sank after the automotive parts-and-services company parted ways with its chief executive and launched a review of its European operations.
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Shares in Gucci-Parent Kering Plunge as Hoped-For Recovery Keeps Receding
The French luxury-fashion house's sales fell on a 6% drop at Gucci that makes up not far from half of the group's revenue.
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Rogers Communications Profit Drops on Comparison, Revenue Rises
Rogers Communications reported a decline in third-quarter profit, due to a large prior-year accounting gain, but adjusted profit topped expectations on higher revenue.
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Oil Majors' Quarterly Earnings in Spotlight With Refineries Set to Gain
Tightness in global fuel markets is driving refining margins to all-time highs, making refineries a key earnings driver for oil majors.
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Citi Gets Regulator Nod for Wholly Owned Securities Venture in China
Citi has received approval from Chinese regulators to set up a wholly owned securities company in China, a milestone in its yearslong effort to deepen its presence in the country.
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Safran Confirms Guidance as Revenue Jumps
The French aerospace-industry supplier said the metric was pushed higher by double-digit growth across its propulsion and equipment and defense units.
(END) Dow Jones Newswires
October 23, 2026 13:15 ET (17:15 GMT)
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