News Highlights: Top Company News of the Day - Tuesday at 1 PM ET

Dow Jones01:00
 
Elon Musk's xAI in Talks to Raise Funding Valuing It at $40 Billion 
 

The new fundraising effort would substantially increase startup's valuation from spring.

 
Starbucks Tells Workers to Return to the Office or Risk Getting Fired 
 

The coffee-chain has expected office employees to come in three days a week. Now it is tightening enforcement.

 
McDonald's Execs Seek to Rebuild Trust After E. Coli Threatens Sales Rebound 
 

The fast-food giant seeks to rebound from an E. coli outbreak and maintain its focus on value offerings for diners.

 
Pfizer's Strong Quarter Bolsters CEO's Comeback Efforts 
 

The pharmaceutical company reported its third consecutive quarter with positive results.

 
JPMorgan Chase Sues Four Customers for Bank Fraud Seen in Viral TikToks 
 

The people deposited fake checks and withdrew large sums from Chase ATMs, the lawsuits said.

 
BP's Profit Hits Four-Year Low on Commodity Market Weakness 
 

BP's profit tumbled in the third quarter, although less than expected, as weak oil prices and refining margins continue to weigh on the energy sector.

 
PayPal Falls After Earnings Beat. What's Behind the Drop. 
 

The fintech beats quarterly earnings estimates and boosts a financial forecast for the fiscal year.

 
JetBlue Stock Dives After Earnings Beat. This Has Wall Street Worried. 
 

The airline's third-quarter loss was less than expected as it looks to return to operating profit.

 
D.R. Horton Stock Tumbles After Earnings. Houses Are Just Too Expensive. 
 

Home builder D.R. Horton's September-ended quarter missed earnings and sales estimates. The home builder boosted dividends, however.

 
Boeing to Raise $21 Billion in Equity 
 

Boeing has priced its offerings of common stock and depositary shares and wants to raise about $21 billion to shore up its balance sheet following a tough year for the aircraft and rocket maker.

 
 

(END) Dow Jones Newswires

October 29, 2024 13:00 ET (17:00 GMT)

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