Dow Jones Top Company Headlines at 3 AM ET: SK Hynix Shelves Memory-Chip Unit U.S. IPO Plan on Market Jitters | Eni ...

SK Hynix has shelved plans for a potential U.S. listing of its memory-chip unit Solidigm, citing market conditions and recent share-price trends. The decision comes as investors have grown cautious. In earnings news, Eni kicked off the energy majors’ season with an extraordinary dividend and a buyback hike, driven by exceptionally strong refining margins. Volvo Car said it will cut 2,500 jobs to further reinforce its cost-cutting turnaround strategy under majority ownership of China’s Zhejiang Geely Holding Group. Several other companies moved on results or guidance, including Newmont, Safran, Sallie Mae, Western Digital, Deckers, Boston Beer, and Bloom Energy.