P&G beats Q1 on beauty, grooming demand

 

Procter & Gamble beat Wall Street’s expectations for its fiscal first quarter, buoyed by strong beauty and grooming demand, and kept its full-year outlook despite tariff costs and what CEO Jon Moeller called a “challenging consumer and geopolitical environment.” For the quarter ended Sept. 30, adjusted EPS was $1.99 (vs....

Alaska Airlines Grounds Flights Amid IT Outage

 

Alaska Airlines temporarily grounded flights nationwide Thursday after reporting an IT outage affecting operations, prompting the FAA to issue a ground stop at the airline’s request. The carrier apologized and urged customers scheduled to fly tonight to check their status before heading to the airport. Flights departing Seattle-Tacoma International Airport...

Ford Profit Jumps, Fire Slows Truck Output

 

Ford’s third-quarter profit more than doubled to $2.4 billion as strong truck and SUV sales offset tariffs, but a September fire at a key Novelis aluminum plant will slow pickup output and cut fourth-quarter pretax profit by up to $1 billion. The company halted F-150 Lightning production, shifted workers, and...

Target to Cut 1,800 Corporate Jobs Amid Slump

 

Target will cut 1,800 corporate jobs—about 8% of its corporate workforce—in its first major layoffs in a decade, the Minneapolis-based retailer said. In a memo, incoming CEO Michael Fiddelke said the move is meant to simplify operations and speed decisions as the company battles a sales slump and expects annual...

Musk seeks control, pay for 'robot army'

 

In a blunt earnings-call pitch, Tesla CEO Elon Musk said he needs voting control and a pay package worth nearly $1 trillion to proceed with building a 'robot army,' warning he could be ousted otherwise. The proposal ties compensation to milestones, including 1 million robotaxis and 1 million humanoid robots,...

USPS postmark change prompts early ballot advice

 

USPS says machine-applied postmark dates may not match the day mail is dropped off. As the agency reorganizes, reduced pickups for areas more than 50 miles from new processing hubs mean some first-class mail isn’t processed until the next day. That lag could affect deadlines for ballots, taxes, and legal...

American Airlines names Nat Pieper commercial chief

 

American Airlines has appointed industry veteran Nat Pieper as its new commercial chief, as its profits trail Delta and United. Pieper, 56, previously led the Oneworld alliance and has held senior roles at Northwest, Delta and Alaska, spanning network, alliances, fleet strategy and finance. He starts Nov. 3, overseeing commercial...

U.S. Eyes Equity Stakes in Quantum Firms

 

The Trump administration is negotiating equity-for-funding deals with quantum-computing firms, including IonQ, Rigetti Computing and D-Wave Quantum, the Wall Street Journal reported, citing anonymous sources. Quantum Computing Inc. and Atom Computing are weighing similar arrangements. Shares jumped in early Thursday trading: IonQ and D-Wave up 9%, Rigetti 7%, Quantum Computing...

Paramount’s Rising Bids Rebuffed as WBD Considers Sale

 

Paramount made three escalating, rejected bids to buy Warner Bros. Discovery, culminating on Oct. 13 with a $23.50-per-share cash-and-stock offer—an 87% premium—and a proposal to keep David Zaslav as co-chief executive and co-chairman. A letter from Paramount chief David Ellison to the board helped explain Warner Bros. Discovery’s announcement that...

Southwest Posts Surprise Profit, Eyes Record Q4

 

Southwest Airlines reported an unexpected third‑quarter profit, topping Wall Street on adjusted EPS and revenue, even as net income fell 19% to $54 million. Revenue inched up 1% to $6.95 billion. The carrier forecast record fourth‑quarter sales, guiding unit revenue up 1%–3% and capacity up 6%, assuming demand holds. It...