News Highlights: Top Company News of the Day - Friday at 7 AM ET

Dow Jones
07 Mar
 
Blackstone Raises Largest Commercial Property Debt Fund With $8 Billion Haul 
 

The fund took two years to build and will be active in North America, Europe and Australia.

 
Broadcom Earnings and AI Strength Should Win Over a Tougher Crowd 
 

Revenue from the company's custom AI chips is soaring, with more potential customers in the pipeline.

 
Walgreens Seals $10 Billion Take-Private Deal With Sycamore 
 

One of the biggest leveraged buyouts in the past decade would try to revive the pharmacy icon in private hands.

 
British American Tobacco's Canada Litigation Plan Gets Court Approval 
 

A Canadian court approved the company's plan to settle outstanding litigation in the country.

 
Universal Music Shares Rise on Subscription Revenue Beat 
 

Stock in the record label behind Taylor Swift rose after revenue from subscriptions and streaming grew 5.6%.

 
Salvatore Ferragamo's Shares Plunge 
 

Shares in the luxury fashion firm tumbled as the company continues to struggle with a brand revamp strategy.

 
Tesla's Fortunes Fall as Musk Rises in Trump World 
 

The CEO's politics have eroded the brand's appeal among some buyers of electric vehicles, surveys indicate. "I used to idolize the guy," said one Tesla driver who wants to get out of his lease.

 
Australia's Insignia Opens Books to Bain After $2.1 Billion Proposal 
 

Bain Capital will get a look at Insignia Financial's books after it sweetened its offer for the Australian wealth manager to about US$2.12 billion.

 
SpaceX Again Loses Spacecraft During Latest Starship Test Flight 
 

The explosion disrupted flights in the Caribbean. Elon Musk's company dealt with a similar setback during a January flight.

 
HPE to Eliminate 2,500 Jobs as Tariffs Hurt Fiscal Outlook 
 

Chief Financial Officer Marie Myers said the outlook reflects the latest tariffs on goods from China, Canada and Mexico.

 
 

(END) Dow Jones Newswires

March 07, 2025 07:00 ET (12:00 GMT)

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