Samsung Expects Quarterly Operating Profit to Drop 56%
The South Korean technology giant expects operating profit for the second quarter to more than halve from a year earlier amid a weak recovery in its semiconductor segment.
----
Exxon just warned Wall Street of billion-dollar profit hits. Here's what may cause it.
Exxon flags potential hit in profit just as OPEC and allies announce larger production increases.
----
Dow increases layoffs to more than 2,000 as demand for building materials remains weak
Dow to close three plants and cut 800 jobs in addition to the 1,500 job cuts announced in January.
----
More Pressure Mounts on Health Insurers as Costs Continue to Rise
Molina Healthcare is the latest to warn it won't meet Wall Street expectations as it spends more on care in Medicaid, Medicare and Affordable Care Act plans.
----
Tariffs Push Gift-Wrap Maker DGA to Bankruptcy
The bankruptcy of its major customer, fabrics and crafts supplier Joann, helped push the company over the edge.
----
FTX's Chinese Customers in Limbo Over Local Crypto Crackdown
Defunct exchange says holders of 5% of all crypto claims are in China or other areas where crypto transactions are restricted.
----
CoreWeave to Acquire Core Scientific in $9 Billion Deal
CoreWeave will acquire Core Scientific in an all-stock transaction valued at approximately $9 billion.
----
Mercedes-Benz Quarterly Vehicle Sales Hit by U.S. Tariffs
Car and van sales fell 9% in the second quarter as Trump's auto tariffs began to bite.
----
Baxter International Names Hider as Next CEO
Andrew Hider will join Baxter from Canada's ATS. Shares of ATS fell.
----
Universal Music's Downtown Deal Warrants In-Depth Investigation, Critics Say
More than 200 executives, founders and other representatives of the independent music industry said the deal threatens competition and growth.
----
Royal Gold Aims to Boost Scale, Gold Output With $3.5 Billion Sandstorm Gold Acquisition
The deal implies a 17% premium to Sandstorm's closing price on July 3.
----
BlackRock Acquires ElmTree Funds as It Continues Private-Markets Push
The real estate-focused firm will be added to an internal BlackRock group that now includes HPS Investment Partners.
----
Shell to Take Hit From Weaker Gas Trading
The company said trading in its core integrated gas division is expected to be significantly lower than in the first quarter. The warning follows a period of volatility in global gas prices.
(END) Dow Jones Newswires
July 07, 2025 21:00 ET (01:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.