Dow Jones Top Company Headlines at 7 AM ET: UPS Raises Outlook as Revenue Climbs | Smithfield ...
UPS Raises Outlook as Revenue Climbs
The carrier said it expects full-year adjusted earnings of $7.28 a share, up from a prior forecast of $7.22 a share and ahead of the $7.19 a share that analysts polled by FactSet expected.
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Smithfield Foods Cuts Sales Forecast on Soft Pork Demand
For the third quarter, Smithfield Foods posted a profit of $91 million, or 23 cents a share, compared with a profit of $252 million, or 63 cents a share, a year earlier.
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Microsoft Is Trying to Shed a Lot of Workers. Just Don't Call It a Layoff.
The tech giant is offering buyouts to 60,000 employees just as Skydance is also seeking volunteers to leave the company.
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Anthropic's 'Adjusted' Profit Exposes Wall Street's Earnings Game
The AI developer's losses were the flip side of the big gains for Amazon and Alphabet.
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Novartis Raises Guidance Despite Drug-Trial Setbacks Hitting Profit
The drugmaker cited solid sales growth and productivity gains, even as recent clinical-trial setbacks hit its bottom line in the third quarter.
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Nvidia to Invest $3 Billion in Meta's Equity Offering
The investment comes as Nvidia and Meta Platforms expand their partnership on the Facebook parent's artificial-intelligence offering Muse.
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HSBC Profit Growth Misses, Plans $1 Billion Buyback
The London-based bank reported slower-than-expected quarterly profit growth, sending shares lower despite its announcement of a new share buyback of up to $1 billion.
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Mercedes-Benz Cuts Guidance on China Weakness, Higher Costs
Shares fell more than 5% after the automaker trimmed its full-year earnings expectations, and said it expected higher costs in the fourth quarter.
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GSK Sees Cancer-Drug Pipeline Nearly Doubling Next Year After Dealmaking Spree
EXCLUSIVE: The U.K. drugmaker currently has five approved cancer medicines and a clinical-stage portfolio of about 15 assets.
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Reckitt Drops After Lysol Shortage Prompts Guidance Trim
Shares were more than 4% lower after Reckitt Benckiser lowered its full-year outlook, hit by Lysol manufacturing disruption that dragged on sales in North America.
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Tata Motors Clears Key Hurdle in Iveco Takeover
The majority of Iveco shareholders tendered their shares for Tata Motors' proposed takeover offer, valuing the Italian manufacturer at around $4.36 billion.
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Eni Expects More Gas Drilling Offshore Europe as Supply Concerns Mount
The Cronos project off Cyprus in the eastern Mediterranean lays the foundation for future drilling in the region, according to chief operating officer, Guido Brusco.
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Porsche Sticks to Guidance as Turnaround Efforts Begin to Pay Off
The luxury sports-car maker said it continued to reap early benefits from a strategic reset.
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DoorDash Is in Advanced Talks to Acquire Delivery Rival Instacart
The deal could be completed as soon as this week and value Instacart at around $17 billion.
(END) Dow Jones Newswires
October 27, 2026 07:15 ET (11:15 GMT)
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