11:32 AM EDT, 05/16/2025 (MT Newswires) -- Dick's Sporting Goods (DKS) is taking a shot at shoes with its proposed acquisition of Foot Locker ( FL ) , and it could also use the deal to play a resurgence in Nike (NKE), UBS Securities said Friday in a research note. Dick's Sporting Goods has agreed to acquire Foot Locker (...

11:33 AM EDT, 05/16/2025 (MT Newswires) -- All three major US stock indexes hovered around flat in late-morning trading Friday as a weaker-than-expected consumer sentiment reading dented investor enthusiasm. In company news, Novo Nordisk ( NVO ) said Friday that Lars Fruergaard Jorgensen is stepping down as the company's chief executive. Jorgensen has agreed to continue as CEO amid a...

11:35 AM EDT, 05/16/2025 (MT Newswires) -- Applied Materials ( AMAT ) delivered a fiscal Q2 that aligned with expectations, but the semiconductor equipment supplier is not showing the same level of upside as some of its competitors, Morgan Stanley said in a report Friday. Applied Materials ( AMAT ) reported April quarter revenue of $7.1 billion -- slightly below...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...