Category: Business
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Warner Discovery to Restructure, Setting Up Potential ‘Strategic Opportunities’
The entertainment company would have two operating divisions, one focused on the legacy cable TV business and the other on streaming and studios.
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Costco Earnings Rise in First Quarter Following Fee Increase
Executives at the warehouse-club chain said customers are starting to spend slightly more as inflation comes down, but many are gravitating toward higher and lower price extremes.
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Albertsons Sues Kroger, Terminates Merger After Judge Blocks Supermarket Megadeal
Albertsons’ lawsuit said the rival grocery company failed to exercise its best efforts to win regulatory approval for the $20 billion deal.
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Exxon Mobil Targets 10% Annual Earnings Growth Through 2030
The biggest U.S. oil company laid out a six-year strategic plan in which it it plans to grow earnings at a compound annual growth rate of 10% and boost spending on capital projects through 2030.
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Auto & Transport Roundup: Market Talk
Find insight on Contemporary Amperex Technology, Transurban and more in the latest Market Talks covering the Auto and Transport sector.
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Adidas Confirms Raids Relating to Imports Investigation
The sportswear maker said some of its locations in Germany were searched in connection with an investigation into customs and tax-import compliance.
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Zalando to Bid $1.3 Billion for About You
Zalando plans to submit an offer to buy About You in a move to expand its offering in the European e-commerce fashion market.
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British American Backs Outlook as U.S. Investment Drives Momentum
The cigarette maker—which houses the Kent, Dunhill and Lucky Strike brands—expects second-half revenue growth to accelerate and also backed its midterm targets.
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Nissan Motor Reshuffles Senior Management as Part of Turnaround Efforts
The Japanese automaker’s CFO Stephen Ma has been appointed as the chairperson of the management committee for China.
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The Onion’s Bid for Infowars Rejected in Bankruptcy Court
A judge ruled that the trustee charged with auctioning off the assets of Infowars’ parent company didn’t maximize value for creditors.