Dow Jones Top Company Headlines at 1 PM ET: OpenAI Computing Chief to Depart | Netflix ...

OpenAI Computing Chief to Depart

OpenAI's infrastructure unit has had a series of leadership changes as the company's pace of investment increases.

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Netflix Eliminates About 1,000 Jobs in Biggest Cuts Since 2022

The job cuts affect 6% of its staff and come as the company struggles with slowing growth.

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Bank of America Settlement Charge Hits Profit, Morgan Stanley Profit Climbs

Bank of America reported a lower third-quarter profit, mostly tied to a regulatory settlement charge, while Morgan Stanley's overall profit and revenue climbed.

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Germany's Lufthansa Beats Air France-KLM to Take $1.3 Billion Stake in Portugal's Flag Carrier

Deutsche Lufthansa won a bid to take a 49.9% stake in Portuguese airline TAP, bringing to a close a contest between Lufthansa and Air France-KLM for the acquisition of the stake.

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Berkshire Hathaway Builds 4% Stake in Bending Spoons

Bending Spoons said Berkshire has made a fresh investment of $330 million in the Milan-based company after plowing $600 million into its initial public offering in July.

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ASML Boosts Guidance for Third Time On Surging AI Demand

The revision to forecasts shows how much ASML's fortunes have come to benefit from the buildout of data centers that turned chips into a red-hot commodity.

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Fairfax Financial Buying Majority Stake in India's IDBI Bank

Canada's Fairfax Financial is positioning itself in India's fast-growing financial services industry with the acquisition of a majority stake in IDBI Bank for about $5.43 billion.

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Debanking Probe Finds JPMorgan, Banks Cut Off MAGA Sellers and Democrat Groups

An investigation by a Trump regulator detailed examples of businesses and individuals getting shut out by the nation's biggest banks.

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American Electric Power to Invest $4 Billion in Fuel Cell Project

American Electric Power plans to invest about $4 billion in a Wyoming fuel cell generation project to meet growing energy demand from Alphabet's Google.

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OpenAI Engineer Allegedly Hid Toilet Paper-Wrapped Mic in Conference Room

The arrest of the 35-year-old Saudi national underscores that threats to Silicon Valley firms often originate within their own ranks.

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GlobalFoundries to Build Two Chip Plants With Up to $21 Billion Funding

The chip manufacturer plans to build two chip plants in New York using up to $20 billion in funding from Japan and money from the CHIPS Act as the U.S. Commerce Department plans to take a 4% stake in the company.

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Fastenal Profit Up as Spending Climbs

The fastener-and-tool distributor posted third-quarter profit of $401.6 million, or 35 cents a share, compared with $335.5 million, or 29 cents a share, a year earlier.

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EU Accepts Sanofi's Concessions to End Antitrust Probe Over Vaccine Marketing

Sanofi's offer to rectify the potential effects of its past messages on a rival flu shot awould address concerns, the bloc's executive arm said.

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Swisscom Wins Appeal Against Swiss Antitrust Fine Over Fiber Network Expansion

The court said Swisscom's network expansion didn't breach of competition law, overturning a Competition Commission ruling as well as a $21.6 million fine.

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Malaysia Pharmacy Chain Braves Volatile Market With Mid-November Listing Plan

The IPO would value pharmacy chain Big Caring at over $1.5 billion.

(END) Dow Jones Newswires

October 14, 2026 13:00 ET (17:00 GMT)