Dow Jones Top Company Headlines at 5 PM ET: Ferrero Nears Deal to Acquire Maker of Froot Loops, Frosted Flakes Cereals | Linda ...

Dow Jones
2025/07/10

Ferrero Nears Deal to Acquire Maker of Froot Loops, Frosted Flakes Cereals

A deal for cereal maker WK Kellogg could be finalized as soon as this week.

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Linda Yaccarino Steps Down as CEO of Elon Musk's X

Yaccarino's departure caps a tumultuous run atop Elon Musk's social-media platform and ​comes after the merger of xAI with X.

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Merck to Buy Verona Pharma in $10 Billion Deal

The move bolsters Merck's lineup as it braces for the 2028 loss of patent exclusivity for blockbuster cancer drug Keytruda.

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Tesla Shareholders Press Board to Schedule Annual Meeting

Under Texas law, companies are required to hold annual general meetings every 13 months.

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Prosecutors Question Doctors About UnitedHealth's Medicare Billing Practices

Justice Department prosecutors recently interviewed former employees about company practices that boost federal payments.

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Nvidia Just Became the First Company to Hit a $4 Trillion Market Cap

The chip maker hits a market valuation of $4 trillion.

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Volkswagen Vehicle Deliveries Rise Despite North America Weakness

Deliveries increased in the second quarter after gains in China and South America offset a steep decline in North America.

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WPP Shares Plunge After Ad Giant Cuts Profit Forecasts

The London-listed company is grappling with client defections and the rise of artificial-intelligence.

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Angeles Equity Partners and Kain Capital Merge Occupational Health Companies

Each private-equity firm will own half of the new combined company, which mainly operates in California.

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Stadium Developer CEO Charged with Bid-Rigging Over New Texas Arena

Timothy Leiweke was indicted over allegations that he convinced a rival firm not to compete on the project.

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Apple COO Jeff Williams to Step Down; Design Team Will Report to CEO Tim Cook

Apple's chief operating officer plans to hand the role off this month and retire later this year after roughly a decade as the tech giant's No. 2 under Chief Executive Tim Cook.

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Vie Ventures Launches to Bankroll Autoimmune-Disease Biotechs

Aiming for a $75 million initial fund closing, the new venture investor plans to connect startups with nonprofits to speed their research.

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Google's Unloved Stock Makes It a Big Tech Bargain

The search giant and its parent Alphabet face challenges that have pressured shares, but none is existential.

 

(END) Dow Jones Newswires

July 09, 2025 17:00 ET (21:00 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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