Category: Business
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7-Eleven, the Slurpee and a $47 Billion Takeover Battle
The convenience chain is at the center of a bidding war between would-be buyers on two continents. Here’s why they’re hungry for it.
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He Bought a Sub Shop as a Teen. Now He’s Selling Jersey Mike’s for $8 Billion.
Peter Cancro started slinging subs at his local shop at 14. Now he’s selling the national chain he built to Blackstone.
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Missilesand Commercial Jets Are Sharing the Skies in One of the World’s Busiest Flight Corridors
Scores of airlines have stumbled into a war zone in the Middle East; “we were lucky.”
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A Miami Financier Is Quietly Trying to Buy Nord Stream 2 Gas Pipeline
Stephen P. Lynch, who prefers to stay under the radar, says a deal for the Russian pipeline would serve long-term U.S. interests
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WiseTech Warns on Profits After Product Delayed by Executive Shake-Up
The logistics software provider downgraded its earnings and revenue outlook for the current year, citing a delay to a new product due to negative media reports and a recent management overhaul.
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How to Make AI Less of a Power Guzzler
The future of artificial intelligence may depend, in part, on whether providers can reduce their appetite for electricity and water
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Unilever to Double Down on India Under New Strategic Shift
CEO Hein Schumacher said India is the best opportunity for Unilever over the next couple of years and will be the key for all its group businesses.
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Northvolt CEO Peter Carlsson Steps Down
The Swedish battery maker said Carlsson will become a senior adviser as the company enters U.S. bankruptcy and initiates a debt restructuring. The search for a new chief executive is underway.
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Honeywell to Sell Personal Protective Equipment Unit for $1.33 Billion
Honeywell International has agreed to sell its personal-protective-equipment business to a private-equity firm’s portfolio company for $1.33 billion in cash.
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Japanese Chip Maker Kioxia Plans Tokyo Market Debut
Kioxia plans to raise more than $740 million in its initial public offering, seeking growth capital to meet rising demand for chips used in artificial intelligence and data centers.