Verizon Names Lead Director Daniel Schulman as CEO
He takes the helm as the carrier contends with fierce industrywide competition that has put pressure on its pricing and ability to attract new customers.
—-
OpenAI, AMD Announce Massive Computing Deal, Marking New Phase of AI Boom
Five-year agreement will challenge Nvidia’s market dominance, as OpenAI plans deployment of AMD’s new MI450 chips.
—-
Fifth Third to Acquire Comerica in $10.9 Billion Deal
The deal brings together two midsize industry players to better compete with behemoths such as JPMorgan and Bank of America.
—-
Paramount Buys Bari Weiss’s the Free Press for $150 Million
Weiss, who once said she was done with legacy media, is to take control of CBS News’s editorial vision, aiming for “news that reflects reality.”
—-
Rio Tinto to Roll Out New Tech in Hunt For More Metals, More Cheaply
Miners are seeking new ways to bolster production of metals they expect will be highly sought after for a boom in clean energy and data centers.
—-
Ardian’s Energia Deal Valued Around $3 Billion
The private-equity firm agreed to buy the Irish power supplier with a strong renewables portfolio and a track record in data centers.
—-
Asahi Group Partially Restarts Beer Production, Shipments in Japan
Operations at the Japanese maker of beer and other beverages were disrupted by a ransomware attack last week.
—-
Groupe SEB Issues Profit Warning, Cuts Guidance
Shares in the domestic-appliance maker plunged after it lowered guidance on softer-than-expected business in Europe and uncertainty in the U.S.
—-
Amazon’s October Prime Days Start Tuesday. It’s an Early Test for the Holidays.
The e-commerce company, Target, and Walmart are fighting for early-season dollars with major sales.
—-
Alcohol Sales Are Dropping. Constellation Earnings Will Show How Much.
Management sees organic net sales falling 4% to 6% in fiscal 2026.
—-
Elon Musk Gambles Billions in Memphis to Catch Up on AI
xAI is aiming to win the tech arms race with its “Colossus” data centers, but Memphis is divided over its massive demand for power and water.
—-
Sharpie Found a Way to Make Pens More Cheaply-By Manufacturing Them in the U.S.
Newell Brands invested close to $2 billion and thousands of hours in training to move most production of Sharpie pens to a 37-year-old factory in Tennessee.
(END) Dow Jones Newswires
October 06, 2025 11:15 ET (15:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.