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Wall Street Journal - Oct 18

PRESS DIGEST- Wall Street Journal - Oct 18 Oct 18 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Pittsburgh based paint and coatings manufacturer PPG PPG.N said on Thursday that it agreed to sell its architectural-coatings business in the U.S.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Snam, BP, Novo Nordisk, Pony AI; Updates Zuora Oct 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ** BP BP.L is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss to scale back the energy company's focus on renewables.
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PPG Announces Quarterly Dividend Of 68 Cents Per Share

BRIEF-PPG Announces Quarterly Dividend Of 68 Cents Per Share Oct 17 (Reuters) - PPG Industries Inc PPG.N : BOARD OF DIRECTORS ANNOUNCES QUARTERLY DIVIDEND OF 68 CENTS PER SHARE
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Zuora, LVMH, PAI Partners, CSN, Sanofi, PPG Industries, Fuji Soft Oct 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday: ** Fuji Soft 9749.T founder and shareholder Hiroshi Nozawa said in a letter to the company, seen by Reuters, that he supports U.S.
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U.S. STOCKS PPG Industries, Travelers, ShiftPixy

BUZZ-U.S. STOCKS ON THE MOVE-PPG Industries, Travelers, ShiftPixy Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock indexes were set to rise on Thursday, with an upbeat forecast from TSMC boosting semiconductor stocks, while a bigger-than-expected rise in September retail sales pointed to a strong U.S.
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PPG Industries rises on plan to cut 1,800 jobs in US, Europe

BUZZ-PPG Industries rises on plan to cut 1,800 jobs in US, Europe ** Shares of U.S.-based industrial coatings maker PPG Industries PPG.N rise 1.3% to $132.01 premarket ** PPG announces cost-cut plan involving laying off 1,800 people, mainly in Europe and the U.S ** Also to divest its architectural coatings business in the U.S. and Canada for $550 m
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PPG to lay off 1,800 employees in cost-cut drive, sell coatings unit

UPDATE 3-PPG to lay off 1,800 employees in cost-cut drive, sell coatings unit Adds analyst comment in paragraph 4 By Vallari Srivastava Oct 17 (Reuters) - PPG Industries PPG.N will lay off 1,800 employees in the U.S. and Europe and close plants as part of a cost-reduction program, the paints and coatings maker said on Thursday. The program focused on reducing structural costs in Europe and in certain other global businesses, along with other corporate expenses following recent agreements to sell
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PPG Reaches Agreement To Sell Architectural Coatings US And Canada Business To American Industrial Partners

BRIEF-PPG Reaches Agreement To Sell Architectural Coatings US And Canada Business To American Industrial Partners Oct 17 (Reuters) - PPG Industries Inc PPG.N : PPG REACHES AGREEMENT TO SELL ARCHITECTURAL COATINGS U.S. AND CANADA BUSINESS TO AMERICAN INDUSTRIAL PARTNERS; ANNOUNCES COMPREHENSIVE COST REDUCTION PROGRAM PPG INDUSTRIES INC - TRANSACTION
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PPG to sell architectural coatings business to AIP for $550 mln

PPG to sell architectural coatings business to AIP for $550 mln Oct 17 (Reuters) - PPG Industries PPG.N said on Thursday it would sell its architectural coatings business in the U.S. and Canada to American Industrial Partners for about $550 million. Reporting by Vallari Srivastava in Bengaluru; Editing by Shilpi Majumdar
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U.S. Constellation Energy, Morgan Stanley, Uber

U.S. RESEARCH ROUNDUP-Constellation Energy, Morgan Stanley, Uber Oct 17 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Constellation Energy, Morgan Stanley, and Uber, on Thursday. HIGHLIGHTS * Constellation Energy Corp CEG.O : J.P. Morgan initiates coverage with overweight rating * Illumina Inc ILMN.O : HSBC raises to buy from hold * Morgan Stanley MS.N : RBC raises target price to $122 from $108 * Uber UBER.N : Dai
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PPG misses quarterly profit estimates on weak industrial coatings demand

PPG misses quarterly profit estimates on weak industrial coatings demand Oct 16 (Reuters) - Paints and coatings maker PPG Industries PPG.N missed Wall Street estimates for third-quarter profit on Wednesday, hurt by lower sales at its industrial coatings unit. The company posted an adjusted profit of $2.13 per share in the July-September quarter, compared with estimates of $2.15, according to data compiled by LSEG.
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PPG Q3 Adjusted EPS USD 2.13 Vs. IBES Estimate USD 2.15

BRIEF-PPG Q3 Adjusted EPS USD 2.13 Vs. IBES Estimate USD 2.15 Oct 16 (Reuters) - PPG Q3 net income USD 468 million. Q3 adjusted net income USD 500 million vs. IBES estimate USD 503.1 million Q3 revenue USD 4,575 million vs. IBES estimate USD 4,650 million Q3 EPS USD 2
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Stocks stunned by ASML curveball, pound plunges

MORNING BID AMERICAS-Stocks stunned by ASML curveball, pound plunges A look at the day ahead in U.S. and global markets from Mike Dolan World markets struggled to find a footing on Wednesday after Europe's ASML ASML.AS sideswiped the global chip sector late yesterday with a surprisingly weak orders outlook and investors prayed the flub was a one-off as third-quarter earnings updates stream in.
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Morningstar expects PPG Industries' Q3 sales to be hit by weakness in industrial unit

BUZZ-Morningstar expects PPG Industries' Q3 sales to be hit by weakness in industrial unit ** Industrial coatings maker PPG Industries' PPG.N sales likely to be slightly down in Q3 due to mid-single digit decline in its industrial segment's sales, Morningstar analyst Spencer Liberman says ** PPG's shares rise 0.6% to $128.28 ** "Flat or low organic growth will likely drive the flat revenue growth in the quarter....industrial headwinds will likely remain through the remainder of the year," Liberm
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U.S. earnings week ahead

DIARY-U.S. earnings week ahead Oct 11 (Reuters) - Diary of U.S. (.SPX) corporate earnings for the week ahead. ** Please Note - All times given are in U.S. EDT unless otherwise stated ** U.S. EARNINGS Start Date Start Time RIC Company Name Event Name 15-Oct-2024 AMC JBHT.O J B Hunt Transport Services Inc Q3 2024 J B Hunt Transport Services Inc Earnings Release 15-Oct-2024 AMC UAL.O United Airlines Holdings Inc Q3 2024 United Airlines Holdings Inc Earnings Release 15-Oct-2024 AMC OMC Omnicom Group
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U.S. Humana, Portillos, Waters Corp

U.S. RESEARCH ROUNDUP-Humana, Portillos, Waters Corp Oct 8 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Humana, Portillos and Waters on Tuesday. HIGHLIGHTS * Frontier Communications Parent Inc FYBR.O : TD Cowen cuts to hold from buy * Humana HUM.N : RBC cuts target price to $265 from $400 * Portillos Inc PTLO.O : Stephens cuts to equal-weight from overweight * Waters Corp WAT.N : Jefferies raises to buy from hold
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Russian subsidiary of Finnish paints maker Tikkurila to sell products under new brand

Russian subsidiary of Finnish paints maker Tikkurila to sell products under new brand Sept 24 (Reuters) - Finnish paint maker Tikkurila's products manufactured at plants in Russia will be sold under a new brand, Tikkivala, from the first quarter of next year, Tikkurila's Russian subsidiary said on Tuesday. Tikkurila's owner PPG PPG.N has been trying to exit Russia since June 2022 and divested its industrial coatings business in Russia in 2023. Tikkurila said in a February statement that it compl
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PPG Announces Executive Leadership Changes

BRIEF-PPG Announces Executive Leadership Changes Sept 24 (Reuters) - PPG Industries Inc PPG.N : PPG ANNOUNCES EXECUTIVE LEADERSHIP CHANGES Source text for Eikon: ID:nBw60Npdca Further company coverage: PPG.N
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Dulux maker Akzo Nobel plans to cut about 2,000 jobs globally

UPDATE 2-Dulux maker Akzo Nobel plans to cut about 2,000 jobs globally Adds graphic, headcount in paragraph 3, context on wider market and YTD share performances in paragraphs 6-7 By Stephanie Hamel Sept 24 (Reuters) - Dulux paint maker Akzo Nobel AKZO.AS plans to cut about 2,000 jobs globally, more than 5% of its workforce, as part of its efforts to reduce costs, targeting positions in its head offices, the Dutch company said on Tuesday.
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Mizuho raises PT on Sherwin-Williams

BUZZ-Mizuho raises PT on Sherwin-Williams ** Brokerage Mizuho raises price target on U.S. based paint maker Sherwin-Williams SHW.N to $425 from $380 ** The new PT represents about a 17% upside to the stock's last close ** "Market share gains are allowing modest growth against a relatively unfavorable macro environment - Mizuho ** Brokerage says SHW
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