BBVA’s $19 Billion Hostile Takeover Bid for Sabadell Falls Through
The development draws to a close a hostile pursuit by Spain’s second-biggest bank that dragged on for nearly 18 months. Shares in BBVA jumped.
—-
Porsche in Talks to Replace Oliver Blume With Former McLaren Chief
The supervisory board has authorized talks over a mutually agreed early termination of Blume’s appointment.
—-
EssilorLuxottica Revenue Surges to Quarterly Record
The Franco-Italian eyewear group posted revenue of $8 billion in its best quarter since its 2018 formation as consumer appetite for AI glasses remained strong.
—-
Continental Backs 2025 Outlook, Reports Strong Start to Winter
The car parts and tire maker expects group sales of more than $22.71 billion for the year.
—-
The Auto Industry Is Panicking About Another Potential Chip Shortage
Chinese-owned chip maker Nexperia told suppliers last week it wouldn’t ship product after the Dutch government took control of the company.
—-
BYD Recalls More Than 115,000 Cars in China Over Safety Concerns
The recall includes both hybrid and full-electric vehicles after an investigation by China’s State Administration for Market Regulation.
—-
Volvo Expects North American Truck Market to Weaken Next Year
The company said the North American long-haul freight market remained in recession with lower volumes and prices, while cautious customers face uncertainty on tariff and emissions rules.
—-
Interactive Brokers Logs Higher Profit, Revenue as Trading Volume Climbs
The online brokerage platform posted a profit of $263 million compared with $184 million a year earlier.
—-
Chinese Tourists Are Spending Less. Hotel Giant H World Says That’s a Good Thing
H World’s strategy in the country is “absolutely about growth,” said Chief Strategy Officer Jihong He.
—-
Starbucks Evaluating Offers for China Business
Starbucks is assessing bids from five parties for its China business as it seeks a partner to navigate the country’s competitive coffee landscape.
—-
Constellation Energy Has the Power That AI Needs. The CEO Is Making the Most of It.
The company is about to become the world’s largest producer of electricity. Joe Dominguez tells us what to expect.
—-
CSX Standoffish as Merger Questions Overshadow Third Quarter Results
The railroad operator emphasized its strategy as a standalone company following the deal between Union Pacific and Norfolk Southern during its third-quarter earnings call.
—-
Smartmatic Indicted Over Alleged Bribes
The voting-machine company earlier brought defamation suits against Trump allies over claims it rigged the 2020 election.
—-
Newsmax to Start Crypto Reserve Including Bitcoin, Trump Coin
The news outlet operator will purchase up to $5 million in the cryptocurrencies over the next year, and expects to be the first company on the NYSE to purchase Trump Coin.
(END) Dow Jones Newswires
October 17, 2025 05:15 ET (09:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.