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

Dow Jones
2025/03/13
 
Trump Family Has Held Deal Talks With Binance Following Crypto Exchange's Guilty Plea 
 

The discussions for a stake in Binance's U.S. arm come as founder Changpeng Zhao has pushed for the administration to pardon him for his own 2023 guilty plea.

 
Donatella Versace to Step Down as Chief Creative Officer of Versace 
 

Donatella Versace is stepping down as chief creative officer of the Versace brand, ending a more than quarter century run as the creative mind behind her family's high-end fashion house.

 
Mallinckrodt, Endo Merger to Create Diversified Pharmaceuticals Firm 
 

Drugmaker Mallinckrodt struck a deal to buy Endo in an effort to build a diversified pharmaceuticals company with a hefty U.S. footprint.

 
Intel Names Lip-Bu Tan as Chief Executive Officer 
 

The former CEO of Cadence Design Systems, steps in as the semiconductor manufacturer has lost market share.

 
Couche-Tard Doubles Down on Friendly Takeover of 7-Eleven Owner 
 

The Canadian owner of Circle K will continue its friendly pursuit of Seven & i, executives said, sounding confident that they can overcome antitrust issues that could block the prospective acquisition in the U.S.

 
Dollar General Stock Jumps After Earnings. Shoppers Are Spending More on Essentials. 
 

The company has more store closures planned for the first quarter.

 
Deutsche Bank Expects to Moderate Pace of Dividend Hikes Beyond 2025 
 

The lender reaffirmed its target for capital returns to shareholders for the five-year period ending 2025, but said dividends beyond then will grow more moderately.

 
Accelleron Industries Exceeds $1 Billion Revenue for First Time 
 

The engine-turbocharger maker's stock rose after it posted higher earnings, exceeded $1 billion in revenue for the first time and increased its dividend by 47%.

 
Generali Operating Profit Rises on Higher Premiums 
 

Assicurazioni Generali said its operating profit rose on the performance of all its units over 2024 gross written premiums that increased more than expected.

 
Adobe Stock Slides Despite Earnings Beat. The CFO Is Confident About AI. 
 

Adobe posted first-quarter adjusted earnings of $5.08 a share, beating estimates of $4.97 a share.

 
 

(END) Dow Jones Newswires

March 13, 2025 11:00 ET (15:00 GMT)

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