Dow Jones Top Company Headlines at 7 AM ET: Italy's Monte dei Paschi Makes $40 Billion Move to Buy Rival Banks | Hyundai's ...
Italy's Monte dei Paschi Makes $40 Billion Move to Buy Rival Banks
The all-share bids for Banco BPM and Banca Generali comes as Monte dei Paschi fights off a takeover offer from Intesa Sanpaolo.
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Hyundai's Union Launches First Full-Day Strike in Decade
The daylong strike at the South Korean automaker, the first since 2016, followed months of failed wage negotiations and a series of partial walkouts.
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Layoffs at JPMorgan Hit Highest Level Since 2015
The country's largest bank filed six layoff notices between February and July, impacting nearly 800 employees in Texas, New Jersey, and California.
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Blackwater's Erik Prince Launches Air-Defense Startup
The private security contractor has joined with Ukraine company Swarmer to offer defense technology to Middle East sites getting hit by Iran.
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SpaceX Is Racking Up Wins in Washington
The Elon Musk-led rocket and AI company is landing lucrative contracts and benefiting from the Trump administration's deregulatory push.
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Abbott to Pay $670 Million to Settle Baby-Formula Litigation
The bulk settlement relates to the Gill lawsuit, in which a Missouri jury ordered the company to pay $495 million in damages after determining it failed to warn that its formula for preterm infants increased the risk for a bowel disease.
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Trump Wants to Revive Keystone XL. The Industry Has a Different Plan.
A trio of proposed pipelines would serve the same function-delivering heavy oil from western Canada to Gulf Coast refineries-without the hot-button name.
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GM Ruled U.S. Auto Sales for 100 Years. Now Toyota Is Closing In.
The American automaker is increasing profits while selling fewer vehicles as its rival pursues an opposite approach.
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Ross Stores Boosts Outlook on Growing Demand for Off-Price Retail
The off-price retailer now forecasts earnings per share of $8.61 to $8.77 for the year as its second-quarter profit and sales gained on higher traffic.
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James Hardie Selling European Fermacell Business for $980 Million to Holcim
James Hardie Industries will sell its European Fermacell business to Swiss building-materials company Holcim as it seeks to focus on higher-growth and higher-return markets.
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Apple's New CEO Could Shake Up Its Spending Strategy to Win in AI
John Ternus will take over as CEO from Tim Cook on Sept. 1. The age of AI could trigger some changes to how the iPhone maker invests in its future.
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Schwab Raises the Minimum Account Size for Clients to Be Referred to Outside Advisors
The company plans to increase the minimum account size for the Schwab Advisor Network to $5 million from $2 million at the beginning of next year.
(END) Dow Jones Newswires
August 21, 2026 07:00 ET (11:00 GMT)
