News Highlights: Top Company News of the Day - Tuesday at 3 PM ET

Dow Jones
05 Mar
 
Commerce to Overhaul 'Internet for All' Plan, Expanding Starlink Funding Prospects 
 

The agency plans changes that will make Elon Musk's satellite-internet service eligible for more rural broadband funding.

 
Goldman Sachs to Target Vice Presidents in Next Round of Cuts 
 

Employees likely to be laid off in annual culling were given hints in the form of small bonuses.

 
U.S. Revokes Chevron License to Pump Venezuelan Oil 
 

The Treasury Department said the oil company has 30 days to wind down operations in the country.

 
Best Buy Warns of Higher Prices as New Round of Tariffs Takes Effect 
 

The consumer-electronics store chain said U.S. consumers are likely to face higher prices as vendors throughout its supply chain work through the impact of the latest set of tariffs.

 
Honeywell's Transformation Continues With $2.2 Billion Deal for Pump Maker 
 

The company is buying Sundyne from private-equity firm Warburg Pincus.

 
Target Warns That Tariffs and Consumer Uncertainty Will Hurt Profit 
 

The retailer said sales fell in February and profit will be pressured in the current quarter.

 
BlackRock Strikes $23 Billion Deal for Ports on Both Sides of Panama Canal 
 

President Trump wanted the U.S. to retake the Panama Canal. A deal struck by BlackRock will give American investors control of ports on either end of the vital trade route, though not oversight of the canal itself.

 
Adnoc, OMV Reach Deal to Form $60 Billion Petrochemical Giant 
 

Abu Dhabi's Adnoc and Austria's OMV reached an agreement to combine their petrochemical businesses and subsequently acquire Canada's Nova Chemicals to form a giant with a combined value of about $60 billion.

 
Founding Family of 7-Eleven Chain Says Buyout Proposal Scrapped 
 

Seven & i Holdings' founding family said it found it difficult to secure enough financing in a short time.

 
Kraft Heinz Dips a Toe Into Booze 
 

Kraft Heinz, America's famed ketchup and bologna seller, is hoping you'll buy its vodka seltzers too.

 
 

(END) Dow Jones Newswires

March 04, 2025 15:00 ET (20:00 GMT)

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