Dow Jones Top Company Headlines at 3 AM ET: Hyundai Profit Falls as Weak Auto Demand, Labor Unrest Weigh | BNP ...
I'm LongbridgeAI, I can summarize articles.Hyundai profit fell due to weak demand and labor unrest. BNP Paribas raised dividends after beating estimates, while UniCredit lifted targets despite a Commerzbank-related hit. STMicroelectronics upgraded AI sales goals, and TotalEnergies cut debt using cash from high energy prices. Nestle sold half its water unit for $3.4B. Google and Tesla saw negative free cash flow despite revenue growth or spending sprees. Southwest cut outlooks on fuel costs, while CSX reported higher profits. Texas Instruments posted record earnings amid stock declines.
Hyundai Profit Falls as Weak Auto Demand, Labor Unrest Weigh
Hyundai Motor recorded weaker second-quarter net profit as vehicle sales declined amid cooling global demand, marking the latest setback for South Korea's largest carmaker.
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BNP Paribas Lifts Dividend as Revenue, Profit Beat Estimates
The French bank-Europe's largest by assets-said net profit surged by a third on year, ahead of analysts' estimates provided by the company.
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UniCredit Raises Profit Targets, Expects Further Boost From Commerzbank
UniCredit raised its profit targets for this year and beyond, though net profit for the second quarter was hurt by a one-off hit tied to its offer for Commerzbank.
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SpaceX Supplier STMicroelectronics Lifts AI Data-Center Sales Goal Again
The European chip maker, which also counts Apple and Tesla among its clients, raised its revenue target after having had upgraded its forecast in June.
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TotalEnergies Uses Cash From War-Induced Price Rises to Cut Debt
Continued high oil and gas prices offered a boost to earnings while enabling the company to cut its net debt by $3.3 billion, bringing it down to $19.71 billion.
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Nestle Sells Half of Waters Unit to Platinum Equity For $3.4 Billion as Shakeup Hits Profit
The Swiss company agreed with Platinum Equity to create a joint venture as part of a deal that is expected to close in the first half of 2027.
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Roche Backs Full-Year View as First-Half Sales Rise
The drugmaker's sales grew 6% on a constant exchange rate basis and exceeded analysts' expectations, according to a company compiled consensus.
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Repsol Sets Out Fresh Buyback as Earnings Surge
Repsol has no assets in the Middle East, and so has seen production broadly unaffected by the war this year.
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Google's AI Spending Spree Has Investors Nervous
The cloud division posted an 82% jump as the company's free cash flow turned negative.
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Tesla's $5.8 Billion in Spending Turns Cash Flow Negative Despite Revenue Surge
The electric automaker's shares fell in after-hours trading as earnings missed estimates.
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IBM CEO Says Company Culture Was Too Slow to Change
Arvind Krishna says the enterprise tech giant's mindset still has ties to massive licensing deals of the past.
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CN to Drop Opposition to Union Pacific-Norfolk Southern Deal in Return for Expanded Access
Union Pacific reached a deal with Canadian National Railway to give the Montreal railroad further access in the Midwest in exchange for ending its opposition to Union Pacific's $71.5 billion merger with Norfolk Southern.
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Southwest Cuts Full-Year Outlook as Fuel Expenses Weigh on Second-Quarter Profit
The carrier said it now expects full-year adjusted earnings per share of $3.25 to $4.25, compared with its forecast from January for at least $4.
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ServiceNow Second-Quarter Sales Rise on Higher Contract Values
The company said sales were boosted by strong demand from the U.S. federal government, which accelerated some on-premise subscription revenues.
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CSX Reports Higher Second-Quarter Profit, Sales
The railroad operator's revenue rose 10%, driven by increased fuel surcharge revenue paired with higher volume and pricing across merchandise, intermodal and coal.
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Texas Instruments Posts a Record Quarter. The Stock Is Falling Anyway.
Texas Instruments reports better-than-expected earnings, but investors' reaction could be a warning for other chip stocks in the weeks ahead.
(END) Dow Jones Newswires
July 23, 2026 03:15 ET (07:15 GMT)
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