Dow Jones Top Company Headlines at 5 PM ET: Boston Beer Founder Jim Koch to Return as CEO | Jury ...

Dow Jones
08/02

Boston Beer Founder Jim Koch to Return as CEO

Michael Spillane, who is currently helming the brewer, plans to step down this month due to personal reasons.

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Jury Says Tesla Must Pay $243 Million Over Fatal Autopilot Crash

The automaker was found partly liable over its driver-assistance software in a deadly 2019 collision.

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Figma Had a Dazzling IPO. It Could Have Been $3 Billion Better.

Investors and bankers are wondering why the software company didn't price its shares higher to capitalize on fervent demand.

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Exxon Sees M&A Possibilities As Oil Giants Post Lower Profits

Exxon Mobil CEO Darren Woods said the oil giant is looking for acquisition opportunities in the oil-and-gas space after losing its challenge to Chevron's $53 billion deal to buy Hess.

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Colgate Plans More Price Increases to Offset Slower Sales, Higher Costs

Colgate-Palmolive said it needs to further raise prices and adjust product sizes to hit the low end of its full-year organic sales outlook, as consumers remain cautious amid a volatile environment.

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Perella Weinberg Strikes Deal for Advisory Firm Specializing in Red-Hot Market

The boutique investment bank is buying Devon Park Advisors, a big player in continuation-fund deals.

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IAG Operating Profit Beats Consensus on Strong Revenue Growth

The British Airways owner said however that it expects underlying costs to increase due to lower capacity growth and higher resilience costs.

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Nintendo Gets Profit Boost From Strong Switch 2 Sales

The videogame maker said it had sold more than 6 million units of the console since its early June launch and is now boosting production due to strong demand.

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Moderna Logs Sales Beat Despite Declining Vaccine Demand

Moderna's second-quarter sales fell less sharply than Wall Street expected as it works to expand its offerings amid weakening demand for its Covid-19 vaccine.

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Kimberly-Clark Sales Dip but Adjusted Profit Above Views

Kimberly-Clark's second-quarter adjusted profit came in above Wall Street estimates but sales fell short of analysts' expectations, driven mostly by divestitures and business exits.

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Newell Brands Revises 2025 Outlook, Quarterly Sales Decline

Newell Brands, maker of Yankee Candle and Sharpie pens, has revised its outlook for the year to better account for the cost of tariffs.

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Why Amazon's Massive Retail Business Is No Longer Enough

The accelerating cloud growth at Microsoft and Google points to artificial-intelligence momentum that AWS doesn't show yet.

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Etsy Turns From TV Ads Toward Search, With AI as the Wild Card

The online seller is making a long-term bet on fashion marketplace Depop as the company's overall buyers continue to drop.

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Intel Chip-Packaging Expert Takes Job at Samsung

Gang Duan, who was named Intel's inventor of the year in 2024, has left the U.S. company and taken a job at Samsung's components business.

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Universal Music Shares Fall on Disappointing Earnings and Cash

Investors had high hopes following a strong first quarter but its latest earnings and free cash flow missed expectations.

 

(END) Dow Jones Newswires

August 01, 2025 17:00 ET (21:00 GMT)

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

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