News Highlights: Top Company News of the Day - Tuesday at 1 PM ET

Dow Jones
19 Feb
 
Broadcom's Deal Magic Would Get Its Biggest Test With Intel 
 

Buying Intel would show just how far Broadcom's superpower in managing chip acquisitions reaches.

 
Fidelity Investments Reports Record Annual Profit, Revenue 
 

The stock market's rally drew more money into the firm's funds and spurred trading activity by its customers.

 
Continental to Cut Around 3,000 Jobs in Automotive Segment 
 

The car-parts company said the cuts amounted to around 10% of its global research-and-development jobs.

 
Johnson & Johnson Goes to Trial on Third Talc Bankruptcy Plan 
 

Healthcare conglomerate Johnson & Johnson kicks off its bankruptcy plan confirmation Tuesday, in its third attempt to resolve one of the largest mass tort lawsuits through an affiliate it placed into chapter 11 bankruptcy.

 
Diamondback Energy to Acquire Double Eagle 
 

The oil and natural gas company reached an agreement with Double Eagle in exchange for 6.9 million shares of its common stock and $3 billion in cash.

 
Heineken CEO Aims to Tap Into Thirst for Zero-Alcohol Beer 
 

The Dutch brewer is seeking to tap into growing demand for low- and no-alcohol beverages, a category that expanded rapidly in recent years as more consumers try to moderate their alcohol intake.

 
Southwest Airlines to Slash Corporate Workforce in First Mass Layoff 
 

The carrier is trying to cut costs after a battle with an activist investor last year.

 
'Gut Pop' Is Injecting New Fizz Into the Beverage Aisle 
 

Coke and PepsiCo are jumping into the fast-growing market for prebiotic sodas, now cornered by upstarts Olipop and Poppi.

 
Scania to Buy Northvolt's Heavy Industry Battery Business 
 

Scania agreed to buy Northvolt's heavy industry business as the battery maker continues to work through a restructuring process.

 
Herc Holdings Set to Buy H&E Equipment Services 
 

Herc Holdings said it will acquire rental business H&E Equipment Services in a cash and stock deal, offering a 14% higher price than United Rentals' proposal.

 
 

(END) Dow Jones Newswires

February 18, 2025 13:00 ET (18:00 GMT)

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