Dow Jones Top Company Headlines at 3 AM ET: Monte Dei Paschi Board Ousts CEO Lovaglio | Germany's ...

Dow Jones
03/05

Monte Dei Paschi Board Ousts CEO Lovaglio

Lovaglio has been at the helm since early 2022, steering the bank through a return to profitability and its hostile takeover of Mediobanca.

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Germany's Merck KGaA Expects Currency Headwinds to Weigh on Earnings

The company anticipates currency headwinds would continue to weigh on its earnings this year, as the life-sciences and chemical company prepares for a leadership change.

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DHL Parent Deutsche Post Expects Earnings Growth Despite Uncertain Conditions

DHL parent Deutsche Post expects earnings to rise this year, despite anticipating continued uncertainty in the global economic environment.

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Reckitt Books Rise in Revenue, Boosted by Emerging Markets

The Lysol disinfectant maker's sales grew 5% on a like-for-like basis on year, Reckitt Benckiser said.

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Broadcom Sales Rise as AI Developers Build More Products and Agents

The semiconductor and software maker's revenue rose 29% as AI demand continues to drive sales.

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Morgan Stanley Lays Off 2,500 Employees Across All Divisions

The layoffs of 3% of the workforce are tied to shifting business priorities and individual job performance.

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Apple Uses Low Prices to Attack Rivals During Memory-Chip Crunch

Leveraging its supply-chain might, the iPhone giant is making a play for more share in cheaper phone and laptop categories.

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Robinhood Aims High With New Products, Including a Premium Credit Card

The company is rolling out new features and services to win affluent investors as well as gain wallet share with existing customers.

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Tech Bosses Tell Trump They'll Pay Up for Electricity

Big Tech's decision to foot more of the electricity bill has begun to benefit companies that provide power and their stocks.

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Ford Posts Lower U.S. Sales in February on Declines in Electric, Hybrid Vehicles

The carmaker said it sold a total of 149,962 vehicles in the U.S. last month, down 5.5% from the prior-year period.

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Cracker Barrel Works to Repair Its Business

The restaurant chain reported lower profits and revenue in its latest quarter, but the CEO says efforts to turn it around are taking shape.

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American Eagle Fourth-Quarter Sales Rise on Growth of Aerie

Same-store sales climbed 23% at Aerie, helping boost American Eagle's overall revenue 10% in the fourth quarter.

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StubHub Swings to Loss, Revenue Falls

The ticket exchange platform posted a loss of $535.3 million that included a $492.9 million nonrecurring, noncash provision for income taxes during the quarter.

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Brown-Forman Says Sales in Developed Markets Still Falling

The Jack Daniel's maker attributed the sales decline to a number of macroeconomic pressures, some of which could persist.

 

(END) Dow Jones Newswires

March 05, 2026 03:00 ET (08:00 GMT)

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