Dow Jones Top Company Headlines at 11 AM ET: Truist to Sell $5.5 Billion of Loans as It Exits Near-Prime Auto Lending | Legend ...

Truist to Sell $5.5 Billion of Loans as It Exits Near-Prime Auto Lending

Truist Financial has inked a deal to sell $5.5 billion of auto loans as part of the regional bank's decision to exit the near-prime auto lending business.

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Legend Names Novartis Executive as CEO

Ingrid Zhang is taking the helm of the cancer therapy company, filling a post vacant since its previous CEO abruptly resigned in July.

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Grab to Buy Majority Stake in SoftBank-Backed Atome for About $1.5 Billion

Grab has agreed to buy a 60% stake in Atome Financial for $1.49 billion in cash.

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AXA Targets More Growth With New Targets

The French insurer said earnings should keep growing over the next few years as it intends to gain market share after years of reorganization.

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OpenAI Buys Startup Developing Smartphone Camera

Glass Imaging, valued above $300 million in the deal, was founded by former Apple employees.

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Abbott Agrees to $385 Million Settlement in Baby Formula Case

Some federal prosecutors believed there was enough evidence to bring criminal charges, but Justice Department leadership opted for a civil settlement.

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Microsoft Sets Limits for AI Models as Altman Details Control Risks

AI companies risk losing control of AI systems and shouldn't wait for governments to regulate the technology, OpenAI Chief Executive Sam Altman has said.

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Accenture to Pay $25 Million to Resolve DOJ Discrimination Claims

The DOJ said Accenture took race or sex into account when making hiring decisions to achieve progress toward non-public workforce composition goals.

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Bank of America CEO Sparks Bank Stock Selloff With One Small Word

Bank of America CEO Brian Moynihan said at a conference on Monday that sales and trading revenue for the fiscal third quarter will be "flat."

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Amazon, Netflix, YouTube Form Coalition to Advocate for Consumer Choice in Online Content

The three companies are founding members of a new Streaming Access and Choice Alliance that will advocate for consumer access to online content.

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Dell's DFO-Led Consortium Taking Baldwin Group Private for Enterprise Value of $7.7 Billion

A consortium led by Dell Chief Executive Michael Dell's DFO Management is taking insurance brokerage Baldwin Group private in a cash deal valued at $7.7 billion.

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They Built the World's Biggest Fast-Food Chain With the Dollar General Playbook

Mixue has flooded Chinese cities with 45-cent soft-serve cones and has more stores than McDonald's.

(END) Dow Jones Newswires

September 15, 2026 11:00 ET (15:00 GMT)