A High-Stakes Gambit Clinched Paramount's Warner Deal
David Ellison's megadeal combining Paramount and Warner Bros. closed Tuesday, ushering in a new era for Hollywood.
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LG Electronics' Preliminary Earnings Disappoint
The South Korean consumer-electronics company has continued to expand aggressively into fast-growing businesses in the AI era, such as data-center cooling systems.
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Jaguar Ditches the Pink Branding in Unveil of Its Big, Sleek Type 01 EV
Long-promised vehicle will start around $130,000 in the U.S. as Jaguar aims to sell fewer cars at higher prices.
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Constellation Brands Profit Rises on Higher Beer, Spirits Sales
Sales in Constellation's beer business, which includes Corona and Modelo, rose 5%, while its wine and spirits business saw a 17% increase in sales.
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Fair Isaac to Cut About 15% of Workforce as Competition Intensifies
The job cuts come as the company behind the FICO credit score faces new competitive pressure.
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FlyDubai Attacker Was Part of Pilot Hiring Spree at Fast-Growing Airline
Authorities and industry insiders are now questioning whether the airline's fast growth contributed to last week's near catastrophe.
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Penguin Solutions' Memory Business Soars on AI Demand. Can Its Stock Rally Again?
Penguin Solutions posted fiscal fourth-quarter earnings of $1 a share, a 133% year-over-year rise, and net sales of $567 million, up 68%.
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Google and Constellation Energy Strike a Sweeping Nuclear-Power Deal
The deal is the largest-ever "uprate" project, one that squeezes more power out of existing reactors, between a nuclear-power provider and a tech company.
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AI-Computing Startup Lambda Is Raising $4 Billion in Final Round Before Planned IPO
The Nvidia-backed company is targeting an IPO in 2027.
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Skydance's Ambitious Goals Face a Steep Road
Skydance faces a tough task achieving its goals against a tough media and entertainment industry backdrop. Wall Street is taking a wait-and-see approach.
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CD&R, McKesson to Acquire At-Home Infusion Therapy Provider for $5.8 Billion
Under the agreement, CD&R will hold a majority interest of about 51% in Option Care Health, while McKesson will hold about 49%.
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Mistral to Release New AI Model to Better Compete With U.S. Rivals
Mistral launched a public preview of the model on Tuesday and plans to release its trained parameters on Oct. 27.
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Uber to Expand Uber Eats Service with $2.3 Billion Acquisition of Catering Platform
The deal gives Uber Eats access to ezCater's network of more than 140,000 restaurants in the U.S., which generate over $2.5 billion in annual gross bookings.