Dow Jones Top Company Headlines at 1 AM ET: HSBC Quarterly Profit Falls on $1.1 Billion Hit From Madoff Lawsuit | Amazon …

Here are the latest corporate headlines and market-moving updates as of 1 AM ET, spanning banking, tech, energy, retail, and media.

HSBC’s Quarterly Profit Hit by Madoff Lawsuit Charge

HSBC reported a 21% year-over-year decline in net profit to $4.87 billion for the quarter ended September, reflecting a $1.1 billion charge tied to litigation related to the Madoff case.

Amazon Plans Significant Corporate Job Cuts

The online retail giant is preparing to reduce its corporate workforce by roughly 10%, part of a broader effort to streamline operations and sharpen focus on high-priority initiatives.

Appliance Maker Sees Momentum as Retailers Add Floor Space

The company behind KitchenAid expects continued momentum, with a refreshed product lineup helping it secure more space on retail floors, according to Chief Financial and Administrative Officer Jim Peters.

Google Looks to Revive Iowa Nuclear Plant for AI Power Needs

Google is backing efforts to restart the Duane Arnold Energy Center in Iowa, highlighting Big Tech’s growing push to secure reliable, large-scale, low-carbon energy for expanding artificial intelligence infrastructure.

Exxon Mobil Challenges California Climate Disclosure Rules

Exxon Mobil has sued the State of California over new climate disclosure requirements, arguing that the framework unfairly assigns blame and imposes onerous reporting burdens on large companies.

Tom Hayes Sues UBS for $400 Million

Tom Hayes, a central figure in the Libor scandal who served five years in prison, has filed a $400 million suit against UBS, escalating his long-running dispute over the fallout from rate manipulation allegations.

Cadence Delivers Solid Results but Shares Slip

Cadence reported stronger-than-expected earnings, yet the stock fell as investors weighed its strategic position in the global chipmaking supply chain amid ongoing U.S.-China trade tensions.

John Dickerson Departs ‘CBS Evening News’

‘CBS Evening News’ co-anchor John Dickerson is leaving the network. The exit follows leadership changes earlier this month, and the decision to depart was his own.

Cyberattack Fallout May Delay Customer Deals

Following a cyber incident reported in October, the company warned that some customers could postpone or cancel contracts, according to Chief Executive François Locoh-Donou.

Taylor Sheridan Parts Ways With Paramount

The creator of “Yellowstone,” “Tulsa King,” and “Landman” is leaving Paramount after tensions with the leadership team under new CEO David Ellison, marking a major shift in the studio’s creative lineup.

Nucor Profit Rises; Signals Softer Quarter Ahead

Nucor posted higher third-quarter revenue and profit but cautioned that earnings are likely to decline sequentially in the current quarter as steel mill volumes ease.

Bed Bath & Beyond Narrows Loss; Sees Revenue Growth Next Year

The retailer reported a narrower quarterly loss and forecast revenue growth for the coming year. Shares climbed in after-hours trading on the improved outlook.

Lululemon and NFL Team Up on New Apparel Collection

Lululemon Athletica and the National Football League unveiled a co-branded apparel line representing all 32 teams, expanding the athleisure brand’s footprint in licensed sports merchandise.

AI Training Platform Mercor Hits $10 Billion Valuation

Mercor, which coordinates a global network of contractors to help chatbots learn to reason and converse more effectively, has reached a valuation of $10 billion, underscoring investor enthusiasm for AI infrastructure.

Qualcomm Unveils AI Chips, Taking Aim at Nvidia

Qualcomm launched new AI-focused chips, sending its shares up as much as 20% on Monday as investors bet the products could challenge Nvidia’s dominance in key accelerated-computing markets.

Keurig Dr Pepper Taps Private Capital for $18 Billion Deal

Keurig Dr Pepper is seeking private financing to support its planned acquisition of JDE Peet’s and facilitate a subsequent split into two companies, a move designed to reshape its beverage portfolio and capital structure.