News Highlights: Top Company News of the Day - Thursday at 1 AM ET

Dow Jones
03-06
 
Rio Tinto Commits to $1.8 Billion Mine Extension in Australia's Pilbara 
 

Iron-ore giant Rio Tinto will invest $1.8 billion to develop a satellite ore-body development in Australia's mineral-rich Pilbara region.

 
Onsemi Discloses Offer to Acquire Allegro MicroSystems 
 

The Scottsdale, Ariz.-based power-and-sensor chip company said it has offered to take over Allegro at $35.10 per share in cash.

 
With Trump's tariffs paused, 'Big Three' automakers may race to build inventories 
 

Automakers got a reprieve from Trump's tariffs, and may use this time to build up inventories.

 
Trump's tariffs worry companies. Here's what they're saying about the uncertainty. 
 

Companies are assuming tariffs will be a 'disturbance' to earnings, but they don't know how much

 
Kroger to Report Earnings After CEO Resignation, Merger Failure 
 

The supermarket giant continues to push various growth initiatives despite higher grocery prices hitting the pocketbooks of consumers.

 
Trump hates the Biden-era Chips Act. What's next for semiconductor makers? 
 

Intel is viewed as "being left on the side of the road" by the Trump administration.

 
Marvell's stock sinks on earnings, showing Wall Street's harsh view of AI plays 
 

Marvell beat expectations with its latest quarterly results and outlook, but that wasn't enough to lift the stock.

 
Victoria's Secret says year will 'gradually get better' despite wobbly consumer confidence 
 

Victoria's Secret & Co. on Wednesday said it expects the year ahead to "gradually get better," despite what it characterized as shaky consumer confidence and sales forecasts that came in below expectations.

 
Tesla has another bad month in Germany as sales tumble 76% 
 

Tesla has its second straight difficult month in Germany, as data released Wednesday showed that vehicle registrations fell 76% in February in Europe's largest economy.

 
Starbucks CEO Tells Workers to Step It Up After Layoffs 
 

Brian Niccol said the coffee chain's turnaround hinges on greater accountability: "We own whether or not this place grows."

 
 

(END) Dow Jones Newswires

March 06, 2025 01:00 ET (06:00 GMT)

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