Category: Business
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Thyssenkrupp Steel to Cut 11,000 Jobs
The workforce will be reduced by 40% through job cuts, outsourcing and business sales. There are 27,000 jobs in production and administration.
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Oneok to Acquire EnLink Midstream in $4.3 Billion Stock Deal
Oneok shares will be used to acquire all of the outstanding publicly held units of EnLink Midstream for $4.3 billion.
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This Battery Startup Raised $15 Billion. Then It Went Bust.
Sweden’s Northvolt was once a darling of the battery industry and Europe’s best hope for competing with China’s dominant battery makers.
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The Many Ways WSJ Readers Use AI in Their Everyday Lives
They are increasingly leaning on artificial intelligence for work—but also for love and adventure.
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This Cannabis Company Is Snapping Up America’s Craft Beer Brewers
Canada’s Tilray Brands built itself into one of biggest craft brewers in U.S.—“I’m either real smart or real dumb,” its CEO said.
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The Airline Industry’s Biggest Winners Are Betting You’ll Pay to Fly in Style
United and Delta dominate industry profits by promoting premium travel options like carved up cabins and luxe lounges
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‘Wicked’ Flies High on Big Screen, With $114 Million Opening Weekend
Fans clad in pink and green flocked to the musical’s film adaptation. “Gladiator II” pulled in audiences eager to see Colosseum brawls.
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SG Fleet Receives $780 Million Private-Equity Takeover Proposal
SG’s stock jumped 20% on the announcement, which came five weeks after the company reiterated guidance for an annual underlying profit of between A$88 million and A$95 million.
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As Musk Assumes Deregulation Role, Tesla Racks Up Pollution Violations
Texas Gigafactory ran afoul of environmental overseers; a faulty furnace door and hazardous wastewater.
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Shoppers Are Picky Heading Into Black Friday. Retailers Could Win or Lose Big.
Companies say shoppers are still buying, but they want a deal.