Dow Jones Top Company Headlines at 11 am ET: McDonald's Pledges Multibillion-Dollar Investment to Help Franchisees | General ...

Dow Jones
09/23

McDonald's Pledges Multibillion-Dollar Investment to Help Franchisees

The fast-food giant's strategy aims to tackle rising costs, overhaul equipment and expand share in chicken and beverages.

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General Mills Bets on New Products, Marketing to Drive Turnaround

The maker of Cheerios and Annie's macaroni and cheese posted a profit of $397 million in the fiscal first quarter, down from $1.2 billion a year earlier.

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China's Geely Unveils EV Charging Under Five Minutes

The automaker rivals ultrafast charging from BYD as automakers aim to entice buyers in China's slowing market.

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Paychex's Sales Growth Slows

The payroll and human-resources provider on posted a fiscal first-quarter profit of $429.7 million, or $1.21 a share, compared with $383.8 million, or $1.06 a share, a year earlier.

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Cracker Barrel Post Profit Gains, Guides for FY Sales Growth

The restaurant chain posted a fiscal fourth-quarter profit of $12.2 million, or 54 cents a share, compared with $6.75 million, or 30 cents a share, a year earlier.

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Diageo Picks WPP's Wilson to Succeed Finance Chief Jhangiani

The spirits company named Wilson to succeed Nik Jhangiani-who was also interim CEO last year-at some point in 2027.

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Legal & General to Cut 10% of Jobs by Middle of 2027

The job cuts will initially be voluntary in the U.K, the company told staff. They do not include the asset management business.

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YouTube Is Battling Netflix Over Top Talent

The Google-owned platform is rolling out better tools for digital producers that could help it to keep more of their content exclusively.

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Swiss Parliament's Upper House Backs Plan to Ease Capital Demands on UBS

The upper house of Swiss parliament backed a proposal to ease new capital demands on the group, while rejecting a stricter requirement in a bill put forward by the country's government.

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Roche Drug Candidate Hits Target in Late-Stage Study for Autoimmune Disease

The company said it would share the study's interim data with health authorities with the aim of bringing the treatment to the market as soon as possible.

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Gadgets Are Going Premium-and Manufacturers Are Raking It In

Higher prices and lower volumes appear here to stay, shaking up the device industry.

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African Fintech Airtel Money Targets $9 Billion Valuation With London Listing

The African digital financial services platform plans to list existing shares on the London Stock Exchange but won't raise new capital.

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JD Sports' Profit Falls on Sector Challenges

The retailer reported lower profit as it continues to deal with a difficult market backdrop, though result came ahead of analysts' views according to a poll provided by the company.

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Private-Credit Firms Are Buzzing About Getting In on JPMorgan's Card Empire

The bank has recently explored finding partners to underwrite rejected applications for its co-branded credit cards.

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Arcadis Shares Fall After Canada's WSP Global Pulls Takeover Offer

WSP said late Tuesday it was unable to advance a transaction without engagement with the Dutch engineering consultancy's board.

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Meta's New AI Agent Is an Instant Hit-and the Backlash Has Already Begun

Amazon blocked the Muse app from shopping on its site, and privacy and security concerns are mounting.

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$5 Billion Flurry of Nearly Identical Kalshi Trades Draws Scrutiny

The rapid trades-all at nearly $5,500-occurred in a single Kalshi market. The prediction market says the trades represent normal activity.

 

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