News Highlights: Top Company News of the Day - Tuesday at 11 AM ET

Dow Jones
2025/03/05
 
Best Buy Warns of Higher Prices as New Round of Tariffs Takes Effect 
 

The consumer-electronics store chain said U.S. consumers are likely to face higher prices as vendors throughout its supply chain work through the impact of the latest set of tariffs.

 
Honeywell's Transformation Continues With $2.2 Billion Deal for Pump Maker 
 

The company is buying Sundyne from private-equity firm Warburg Pincus.

 
Target Warns That Tariffs and Consumer Uncertainty Will Hurt Profit 
 

The retailer said sales fell in February and profit will be pressured in the current quarter.

 
Adnoc, OMV Reach Deal to Form $60 Billion Petrochemical Giant 
 

Abu Dhabi's Adnoc and Austria's OMV reached an agreement to combine their petrochemical businesses and subsequently acquire Canada's Nova Chemicals to form a giant with a combined value of about $60 billion.

 
Founding Family of 7-Eleven Chain Says Buyout Proposal Scrapped 
 

Seven & i Holdings' founding family said it found it difficult to secure enough financing in a short time.

 
Kraft Heinz Dips a Toe Into Booze 
 

Kraft Heinz, America's famed ketchup and bologna seller, is hoping you'll buy its vodka seltzers too.

 
Deutsche Post, Trade Union Reach Agreement on Wage Dispute 
 
 
Francisco Partners Signs Major Deal for Energy Software Firm 
 

The private-equity firm is buying Quorum, a software maker for the oil-and-gas industry. The deal would value Quorum at $2.4 billion, including debt.

 
Starbucks Hires Nordstrom's Cathy Smith as CFO 
 

The newly appointed finance chief will take over from Rachel Ruggeri, who has been in the post since 2021.

 
Walgreens Nears Roughly $10 Billion Deal to Go Private 
 

The deal price is still being ironed out with Sycamore but could be completed as soon as Thursday.

 
 

(END) Dow Jones Newswires

March 04, 2025 11:00 ET (16:00 GMT)

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