News Highlights: Top Company News of the Day - Wednesday at 11 AM ET

Dow Jones
26 Mar
 
Dollar Tree to Sell Family Dollar Business for $1 Billion 
 

A duo of private-equity firms is set to buy the discount chain.

 
Chewy blows past earnings estimates. How the pet-food retailer is weathering the economic storm. 
 

Chewy Inc.'s stock rose 4.9% early Tuesday after the online pet-product retailer blew past earnings estimates for the fourth quarter, buoyed by strong customer growth.

 
Starboard Nominates Directors for Autodesk's Board 
 

The activist investor is trying to boost the software-design maker's share price.

 
Phillips 66 Proposes New Board Members Amid Elliott Battle 
 

The activist investor has pushed the oil refiner to sell or spin off its midstream business.

 
GameStop Stock Jumps After Earnings. Here's What Got the Market Excited. 
 

The videogame seller also reported net sales of $1.28 billion, below the $1.48 billion analysts surveyed by FactSet had expected.

 
Anthropic Scores Win in AI Copyright Dispute With Record Labels 
 

Anthropic scored a win this week after a U.S. court denied an injunction that Universal Music Group and other record labels had sought to prevent the artificial-intelligence company from using copyrighted lyrics to train its AI models.

 
Nintendo Shares Rise on Hopes for Switch 2 Console 
 

Nintendo's shares rose sharply amid hopes for its upcoming Switch 2 console, the new version of its widely successful Switch console that was launched in 2017.

 
Imperial Brands to Remain Focused on Tobacco Core Markets 
 

The company aims to boost sustained growth and cash delivery in the midterm, backing its targets for fiscal 2025.

 
CoreWeave IPO Is a Huge Bet That AI Demand Sticks 
 

The artificial-intelligence cloud provider's blistering growth has come at a high cost as even Nvidia is struggling to win back investor favor.

 
Rivian to Spin Out Micromobility Business 
 

The new startup is to be called Also Inc. and will focus on small, lightweight vehicles.

 
 

(END) Dow Jones Newswires

March 26, 2025 11:00 ET (15:00 GMT)

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