News Highlights: Top Company News of the Day - Tuesday at 1 AM 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 Projects Quarterly Profit Drop, Missing Consensus 
 

LG Electronics forecast third-quarter operating profit to fall 21%, disappointing market watchers who had expected earnings would grow marginally.

 
Decision Time for GM in China: Stay, Scale Back or Go 
 

The country's sharp shift to EVs and stronger local competition have deflated a key profit engine for the U.S. automaker.

 
Why Pfizer Will Find It Hard to Appease Its Activist Investor 
 

The drugmaker has cut costs already and has no coming product approvals or research that could offer a quick lift.

 
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.

 
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.

 
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.

 
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.

 
Thyssenkrupp Reviews Plan to Wean Itself Off Fossil Fuels 
 

The company has been trying to turn the fortunes of its steel business around while making operations more sustainable, an effort complicated by rising costs and market conditions.

 
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.

(END) Dow Jones Newswires

October 08, 2024 01:15 ET (05:15 GMT)

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