Dow Jones Top Company Headlines at 11 AM ET: Netflix Eliminates About 1,000 Jobs in Biggest Cuts Since 2022 | Bank ...

Netflix Eliminates About 1,000 Jobs in Biggest Cuts Since 2022

The job cuts affect 6% of its staff and come as the company struggles with slowing growth.

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Bank of America Settlement Charge Hits Profit, Morgan Stanley Profit Climbs

Bank of America reported a lower third-quarter profit, mostly tied to a regulatory settlement charge, while Morgan Stanley's overall profit and revenue climbed.

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ASML Boosts Guidance for Third Time On Surging AI Demand

The revision to forecasts shows how much ASML's fortunes have come to benefit from the buildout of data centers that turned chips into a red-hot commodity.

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Fairfax Financial Buying Majority Stake in India's IDBI Bank

Canada's Fairfax Financial is positioning itself in India's fast-growing financial services industry with the acquisition of a majority stake in IDBI Bank for about $5.43 billion.

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Debanking Probe Finds JPMorgan, Banks Cut Off MAGA Sellers and Democrat Groups

An investigation by a Trump regulator detailed examples of businesses and individuals getting shut out by the nation's biggest banks.

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Bending Spoons Stock Surges 35% as Berkshire Hathaway Invests Another $330 Million

Bending Spoons stock soars as Berkshire Hathaway invests another $330 million in the digital media company.

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American Electric Power to Invest $4 Billion in Fuel Cell Project

American Electric Power plans to invest about $4 billion in a Wyoming fuel cell generation project to meet growing energy demand from Alphabet's Google.

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GlobalFoundries to Build Two Chip Plants With Up to $21 Billion Funding

The chip manufacturer plans to build two chip plants in New York using up to $20 billion in funding from Japan and money from the CHIPS Act as the U.S. Commerce Department plans to take a 4% stake in the company.

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Fastenal Profit Up as Spending Climbs

The fastener-and-tool distributor posted third-quarter profit of $401.6 million, or 35 cents a share, compared with $335.5 million, or 29 cents a share, a year earlier.

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EU Accepts Sanofi's Concessions to End Antitrust Probe Over Vaccine Marketing

Sanofi's offer to rectify the potential effects of its past messages on a rival flu shot awould address concerns, the bloc's executive arm said.

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Swisscom Wins Appeal Against Swiss Antitrust Fine Over Fiber Network Expansion

The court said Swisscom's network expansion didn't breach of competition law, overturning a Competition Commission ruling as well as a $21.6 million fine.

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OpenAI Engineer Allegedly Hid Toilet Paper-Wrapped Mic in Conference Room

The arrest of the 35-year-old Saudi national underscores that threats to Silicon Valley firms often originate within their own ranks.

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Malaysia Pharmacy Chain Braves Volatile Market With Mid-November Listing Plan

The IPO would value pharmacy chain Big Caring at over $1.5 billion.

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Houthi Strike Hits Building at Saudi Aramco Headquarters

The attack follows strikes on Riyadh's international airport and expands the conflict between Saudi Arabia and the Iran-backed militants.

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Goliath Roller-Coaster Death Casts Long Shadow Over Six Flags' Turnaround Hopes

It is a make-or-break moment for the amusement-park operator, which has struggled since a July 2024 merger.

(END) Dow Jones Newswires

October 14, 2026 11:00 ET (15:00 GMT)