Chinese-owned chip maker Nexperia told suppliers last week it wouldn’t ship product after the Dutch government took control of the company.https://www.wsj.com/business/autos/nexperia-auto-industry-chip-shortage-02f92559?mod=pls_whats_news_us_business_f
The voting-machine company earlier brought defamation suits against Trump allies over claims it rigged the 2020 election.https://www.wsj.com/us-news/law/smartmatic-indicted-over-alleged-bribes-eeb1fa2c?mod=pls_whats_news_us_business_f
The Salesforce CEO had called for President Trump to send the National Guard to San Francisco.https://www.wsj.com/politics/policy/marc-benioff-apologizes-for-national-guard-comments-bc4d6827?mod=pls_whats_news_us_business_f
Proxy adviser ISS recommends investors reject moonshot pay deal and investment in xAI However, investors have blessed Musk’s prior pay packages despite similar opposition.https://www.wsj.com/business/autos/proxy-adviser-iss-urges-tesla-holders-to-reject-musk-1-trillion-pay-package-d7b4822c?mod=pls_whats_news_us_business_f
Robby Starbuck, a force behind efforts to end corporate diversity programs, is set to address a human-resources conference in Louisville, Ky., later this month.https://www.wsj.com/business/invite-to-an-anti-dei-activist-prompts-hr-pros-to-pull-out-of-industry-event-ed514287?mod=pls_whats_news_us_business_f
Apple is broadening its menu of live sporting events it will offer on its streaming platform.https://www.wsj.com/business/media/apple-f1-us-streaming-deal-1dfb7724?mod=pls_whats_news_us_business_f
Plus, Waymos of London, AI clones and the ‘bring your own power’ era, in this edition of The Future of Everything newsletter.https://www.wsj.com/business/airlines/the-age-of-flying-cars-has-arrived-dcffc420?mod=pls_whats_news_us_business_f
The largest private employer in the U.S. increased wages in a bid to jump-start saleshttps://www.wsj.com/business/retail/walmart-employee-treatment-success-f96761f4?mod=pls_whats_news_us_business_f
The development draws to a close a hostile pursuit by Spain’s second-biggest bank that dragged on for nearly 18 months. Shares in BBVA jumped.https://www.wsj.com/finance/banking/bbvas-19-billion-hostile-takeover-bid-for-sabadell-falls-through-74cea66a?mod=pls_whats_news_us_business_f
The divestment is part of its strategy to become a more focused industrial engineering company.https://www.wsj.com/business/deals/smiths-group-to-sell-smiths-interconnect-to-molex-in-1-75-billion-deal-3b688880?mod=pls_whats_news_us_business_f
The company detected unauthorized third-party access to data related to a business it previously acquired in Sweden, but there is no evidence that Verisure’s own network and systems have been compromised, it said.https://www.wsj.com/business/telecom/verisure-unit-hit-by-data-breach-the-week-after-stock-market-debut-7932569b?mod=pls_whats_news_us_business_f
Revenue climbed 11% to $18.43 billion in the quarter as consumers spent more on retail, restaurants and airlines, said the company.https://www.wsj.com/business/retail/american-express-sales-rise-as-cardholder-spend-keeps-climbing-6401ffd3?mod=pls_whats_news_us_business_f
Nichanian is to step down after her last show for the French luxury house in January.https://www.wsj.com/business/retail/hermes-menswear-creative-chief-veronique-nichanian-to-leave-after-nearly-four-decades-c9d33e53?mod=pls_whats_news_us_business_f
EssilorLuxottica shares surged after the Ray-Ban maker reported an acceleration in quarterly revenue that beat analysts’ forecasts.https://www.wsj.com/business/earnings/essilorluxottica-shares-soar-after-revenue-accelerates-ahead-of-forecasts-54712308?mod=pls_whats_news_us_business_f
The retailer’s Soho store is a beloved spot to do your business—but not necessarily the revenue-generating kind.https://www.wsj.com/lifestyle/new-yorkers-are-losing-their-favorite-bathroom-rei-bed74dd1?mod=pls_whats_news_us_business_f
Find insight on T-Mobile, Shopify, HYBE, AI in Taiwan and more in the latest Market Talks covering Technology, Media and Telecom.https://www.wsj.com/articles/tech-media-telecom-roundup-market-talk-6c378559?mod=pls_whats_news_us_business_f
Find insight on CSX, Continental, Volvo and more in the latest Market Talks covering Auto and Transport.https://www.wsj.com/articles/auto-transport-roundup-market-talk-6566715f?mod=pls_whats_news_us_business_f
The provider of financial services to institutional investors notched a higher top and bottom line for the third quarter, boosted by broad-based fee revenue increases.https://www.wsj.com/business/earnings/state-street-posts-higher-profit-as-fee-revenue-rises-65c395e4?mod=pls_whats_news_us_business_f
Fifth Third Bancorp posted higher profit in the third quarter, while Comerica’s earnings slipped slightly, as the regional lenders prepare to combine in a $10.9 billion all-stock deal.https://www.wsj.com/business/earnings/fifth-third-profit-rises-comericas-slips-ahead-of-tie-up-259be126?mod=pls_whats_news_us_business_f
Continental is to publish third-quarter figures on Nov. 6 and said it expects its adjusted earnings before interest and taxes margin at around 11.4%, above a consensus forecast.https://www.wsj.com/business/earnings/continental-shares-climb-after-strong-quarter-outlook-confirmation-a16091aa?mod=pls_whats_news_us_business_f