DoorDash to Buy Instacart for $17 Billion
DoorDash said the deal values Instacart at $65 a share.
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Josh Kushner's Thrive to Buy ADT for $7.6 Billion
Home-security company ADT has agreed to be acquired for $7.6 billion in cash by Thrive Holdings, an investment vehicle formed by Josh Kushner's venture capital firm, Thrive Capital.
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Caterpillar Sales Jump on Growing AI Demand, But Wall Street Wanted More
Caterpillar said sales climbed in the latest quarter, though the increase failed to clear Wall Street's high expectations.
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Eli Lilly Revenue Climbs on Demand for Mounjaro, Zepbound
The pharmaceutical company's third-quarter profit came in at $6.45 billion, or $7.22 a share, compared with $5.58 billion, or $6.21 a share, a year earlier.
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Mastercard Profit Rises on Payment Network, Services Growth
The credit-card company posted a third-quarter profit of $4.63 billion, or $5.28 a share, as revenue grew 14% to $9.81 billion.
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Clorox Names Unilever's Fabian Garcia as CEO
Clorox has hired Unilever executive Fabian Garcia as its next chief executive. Garcia will step into the role effective Jan. 5, succeeding Linda Rendle who announced in May that she was stepping down for health reasons.
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Gulf Oil Giants Work to Expand Overseas Storage As War Exposes Supply Risks
With the Iran war threatening key energy infrastructure and shipping lanes, producers are increasingly looking beyond their borders to keep crude flowing.
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Hershey's Sales Rise Despite Growing Consumer Caution
The maker of Reese's Peanut Butter Cups and Twizzlers posted a third-quarter profit of $580.8 million, or $2.88 a share, compared with $276.3 million, or $1.36 a share, a year earlier.
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Shell Maximizes Diesel Production During Supply Crunch
The British energy major ran its refineries hard in the third quarter to maximize diesel production during an unprecedented supply squeeze.
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Altria Lifts Earnings Outlook as Profit, Revenue Climb
The tobacco company posted a third-quarter profit of $2.52 billion, or $1.51 a share, compared with $2.38 billion, or $1.41 a share, a year earlier.
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Bristol Myers Squibb Raises Outlook as Quarterly Revenue Rises
Bristol Myers Squibb raised its full-year revenue outlook due to higher third-quarter revenue.
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Merck Revenue Up on Keytruda, Winrevair Growth
Third-quarter profit came in at $5.07 billion, or $2.04 a share, compared with $5.79 billion, or $2.32 a share, a year earlier.
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Harley-Davidson Net Down, Company Boosts Sales Volume Projection
Harley-Davidson's third-quarter net income fell as a year-earlier gain and a shift in its dealer inventory strategy weighed, but the maker of high-end motorbikes boosted its sales volume projection for the year.
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Restaurant Brands International Profit, Revenue Rise
Restaurant Brands International reported higher third-quarter profit as strong U.S. demand at Burger King helped drive revenues higher.
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BYD Profit Jumps on Strong Exports but Misses Estimates
BYD's net profit rose 28% in the third quarter as the world's top electric-vehicle seller pushed ahead with its overseas expansion to offset slowing demand in its home market of China.
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What D.R. Horton's Guidance Says About the U.S. Housing Market
D.R. Horton stock falls as the home builder's guidance fails to impress Wall Street.
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Intercontinental Exchange Posts Higher Profit, Revenue
The company posted a third-quarter profit of $940 million, or $1.67 a share, compared with $816 million, or $1.42 a share, a year earlier.
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Volkswagen Presses Ahead With Restructuring as Headwinds Mount
The automaker backed full-year guidance that was cut last month, but said it must move fast to implement restructuring plans as it continued to face multiple headwinds.
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Norwegian Cruise Line Raises FY Outlook as 3Q Profit Rises
Norwegian Cruise Line's third-quarter profit rose and the company raised its full-year outlook as it implemented the next phase of its turnaround effort.
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L3Harris Raises Yearly Guidance After Notching Record Backlog
The defense contractor now projects earnings per share between $12.25 to $12.35 for the full year, up from $11.80 to $12 previously.
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Samsung's Chip Profit Drives Another Record Quarter
The company reported its fourth consecutive quarter of record earnings, though the results fell short of lofty expectations.
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Adidas Maintains Optimism Despite Industry Woes
The German sportswear group remains confident in the future prospects of the sportswear industry despite current challenges, like weak demand from young customers.
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AB InBev Says Alternative Drinks Help Steady Slide in Beer Volumes
A shift toward non-beer drinks helped the Bud Light brewer cushion a drop in global beer volumes, extending a rebound as alternative beverage volumes climbed 4%.
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Carlsberg Looks to Soft Drinks to Buoy Sliding Beers Sales
Soft drinks have grown to become a significant part of the brewer's portfolio, and the group hopes to move into new markets in Central Europe and Central Asia, the CEO said.
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STMicroelectronics Forecasts Strong Sales on AI, Satellite Boost
The European chip maker-which counts SpaceX among its clients-said its gross margin should increase to about 36.4% from 33.9% last year.
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