News Highlights: Top Company News of the Day - Monday at 11 PM ET

Samsung Expects Sharp Slowdown in Third-Quarter Profit Growth 
 

Samsung Electronics expects third-quarter earnings growth to slow sharply, hurt in part by China's oversupply of lower-end chips eating into its semiconductor margins.

 
LG Electronics Expects Third-Quarter Operating Profit to Fall 
 

LG Electronics expects third-quarter operating profit to fall 21% compared with the same period a year earlier, disappointing market watchers who had expected earnings to grow marginally.

 
Google Must Make It Easier for App Stores to Compete on Android, Judge Rules 
 

An injunction was issued after Epic Games won an antitrust lawsuit-the latest legal blow to the search giant.

 
Chevron to Sell Oil Sands, Shale Assets for $6.5 Billion to Canadian Natural 
 

Chevron's Canada unit plans to sell its stakes in oil sands and shale assets to Canadian Natural Resources for $6.5 billion as part of efforts to achieve divesting goal by 2028.

 
PepsiCo Reports Earnings Tuesday. What to Watch. 
 

Last quarter, after sales missed estimates, Pepsi's CEO highlighted a price conscious consumer and hinted at the need for lower prices.

 
Super Micro Stock Surges. Demand Data Drive It Higher. 
 

Super Micro recently deployed more than 100,000 GPUs with liquid cooling solution for large AI factories.

 
A Company Taking Over Steward Hospitals Has Struggled With Its Own Portfolio 
 

American Healthcare Systems buys distressed hospitals knowing they are "not an overnight fix," says AHS's chairman.

 
Apollo Global to Take Barnes Group Private in $3.6 Billion Deal 
 

Barnes Group has agreed to be acquired and taken private by Apollo Global Management in an all-cash deal that values the company at $3.6 billion.

 
Winemaker Duckhorn Agrees to Be Taken Private in $1.95 Billion Deal 
 

Duckhorn Portfolio has agreed to be taken private by Butterfly Equity in an all-cash deal that values the winemaker at $1.95 billion.

 
Equinor Buys 9.8% Stake in Orsted as Part of Renewables Push 
 

Equinor plans to allocate more than 50% of its investments in renewable and low-carbon projects by 2050, from around 20% in 2023.

(END) Dow Jones Newswires

October 07, 2024 23:15 ET (03:15 GMT)

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