Ford Cuts Production of Five Trucks, SUVs After Fire at Aluminum Supplier
A crucial aluminum supplier was knocked offline until next year. Moneymaking F-150 trucks are vulnerable.
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Samsung Expects Strong Earnings Rebound in Third Quarter
The South Korean technology giant expects earnings to have rebounded strongly on a recovery in its flagship semiconductor segment, beating market expectations.
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Rio Tinto’s Third-Quarter Iron-Ore Shipments Flat on Year
Rio Tinto said its iron-ore shipments were flat and upgraded its annual production forecast for aluminum-rich bauxite.
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Beyond Meat Debt Deal Rattles Investors
The meat-alternative producer plans to issue new shares after a debt exchange gives it more time to restructure the business.
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OpenAI, Broadcom Forge Multibillion-Dollar Chip-Development Deal
The companies plan to deploy 10 gigawatts of custom AI chips over the next four years.
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Polaris to Sell Indian Motorcycle Business to Private-Equity Firm
The sale of the heavyweight bike brand is expected to boost Polaris’s profits and allow the company to focus on its core off-road vehicle business.
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Banks Poised for Strong Third Quarter, But Yellow Flags on Consumer Health Loom
A lengthy government shutdown, along with rising student and auto loan delinquencies, could weigh on banks as the year comes to a close.
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LendingTree CEO Dies in ATV Accident on Family Farm
Doug Lebda was 55. The company named operating chief Scott Peyree as its new chief executive.
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First Brands Boss Resigns and Jefferies Seeks to Calm Its Investors
Founder Patrick James will be succeeded as CEO by one of the bankrupt auto-parts supplier’s restructuring advisers. Jefferies says the selloff is “overdone.”
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Goldman Sachs to Acquire Industry Ventures for Up to $965 Million
The deal aims to bolster Goldman’s ability to provide solutions for technology entrepreneurs, the company said.
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Salesforce’s $15 Billion Investment in San Francisco Will Support AI Innovation
The investment will fund a new AI Incubator Hub, expand workforce-development programs and help companies transform into “agentic enterprises,” Salesforce said Monday.
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Catapult Targets Soccer Transfer Fees With Latest Acquisition, CEO Says
Catapult Sports is looking to its latest acquisition to help lower-tier soccer teams target the billions of dollars that the sport’s giants splurge each year on player transfers.
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JPMorgan to Invest $10 Billion in U.S. Companies Critical to National Security
The investment bank pledges to take stakes in companies such as mineral producers, artificial-intelligence firms and others.
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Michelin Slashes Guidance as North American Sales Slump
The French tire maker cut its full-year outlook, citing worsening market conditions including the impact of U.S. tariffs, and a sharp decline in sales in North America.
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Brookfield to Acquire Rest of Oaktree for $3 Billion
Brookfield Corporation and Brookfield Asset Management agreed to acquire the rest of Oaktree for about $3 billion in an expansion of Brookfield’s private-credit business.
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Lloyds Banking Group Sets Aside Further $1.07 Billion For Car-Loan Redress
The lender said it is now more likely that a higher number of historical cases are eligible for redress and that the level of compensation is above what had been anticipated.
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China Vanke’s Chairman Resigns
The Chinese property developers said Chairman Xin Jie has resigned from the board, less than a year after his appointment.
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Fastenal Posts Higher Revenue Despite Industry Slowdown
Fastenal reported higher third-quarter sales, shrugging off a difficult industry backdrop driven by reduced construction activity.
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Dutch Government Takes Control of Chip Maker From Chinese Parent
In a “highly exceptional” move, the Dutch government wrested power of Netherlands-based Nexperia from owner Wingtech, citing risks to economic security.
(END) Dow Jones Newswires
October 13, 2025 21:15 ET (01:15 GMT)
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