News Highlights: Top Company News of the Day - Wednesday at 3 AM ET

Dow Jones
03-05
 
Adidas Targets Continued Growth, Market Share Gains 
 

The sporting-goods company reported higher sales across all markets for the final quarter of 2024 as it seeks to exploit the ongoing weakness of its main rival Nike.

 
Bayer Warns of Lower Earnings as Work Continues on Turnaround 
 

Bayer said it expects to report lower earnings this year as it continues to work through a turnaround plan, but performance should improve from 2026.

 
KKR, Walmart to Sell Japan Supermarket Chain Seiyu for $2.5 Billion 
 

KKR and Walmart have agreed to sell Japanese supermarket chain Seiyu for about $2.5 billion to Japanese retailer Trial Holdings

 
Goldman Sachs to Target Vice Presidents in Next Round of Cuts 
 

Employees likely to be laid off in annual culling were given hints in the form of small bonuses.

 
BlackRock Strikes Deal for Panama Ports After U.S. Pressure 
 

The deal puts U.S. firms in control of two ports that President Trump raised as a security concern because of their connection to China.

 
CrowdStrike sees more costs ahead in the aftermath of last summer's outage 
 

CrowdStrike's stock is falling in the wake of a larger-than-expected loss and disappointing profit guidance.

 
Disney to Cut Nearly 6% of Staff Across ABC News, Disney Entertainment Networks 
 

About 200 employees are being let go at Disney's ABC News Group and Disney Entertainment Networks unit, people familiar with the matter said.

 
Commerce to Overhaul 'Internet for All' Plan, Expanding Starlink Funding Prospects 
 

The agency plans changes that will make Elon Musk's satellite-internet service eligible for more rural broadband funding.

 
U.S. Revokes Chevron License to Pump Venezuelan Oil 
 

The Treasury Department said the oil company has 30 days to wind down operations in the country.

 
Deutsche Post, Trade Union Reach Agreement on Wage Dispute 
 

The German logistic group and the union said that all employees covered by collective agreements, which amount to approximately 170,000 workers, would receive more pay and additional leave.

 
 

(END) Dow Jones Newswires

March 05, 2025 03:00 ET (08:00 GMT)

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