Category: Business
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Baidu Revenue Falls Again as Advertising Demand Remains Weak
The Chinese search-engine giant reported lower revenue for the second straight quarter on falling sales from online-marketing services and an economy struggling to regain momentum.
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The Popular TV Plots That Won’t Make Sense in an AI World
The dramatic courtroom reveal. The brilliant diagnosis. The undercover disguise. TV writers are going to have to rethink the old tropes.
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Container Store Doesn’t See Funding Deal With Beyond Closing
The $40 million deal represented a financial lifeline for the company that has experienced dwindling sales and quarterly losses.
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French Cognac Workers Plan Strike Over Fears Bottling Business Could Move to China
Workers at distilleries Maisons Hennessey, Remy Martin, Courvoisier and Martell plan to go on strike next week over fears that the industry could relocate its bottling business to China in a bid to circumvent import tariffs.
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Sam Altman’s Startup Appoints Former X Executive as Policy Chief
Tools for Humanity named X’s former vice president of global affairs Nick Pickles as its head of policy, the latest executive from what was formerly Twitter to join the startup.
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U.K. to Review Merger Probes Approach
The U.K.’s competition regulator plans to review how it inspects big mergers and whether more can be cleared without forcing businesses to sell assets.
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Intuit Maintains Full Year Guidance; CEO Says Trump Administration Won’t Build Tax-Filing App
President-elect Donald Trump’s incoming administration doesn’t “want to add to the bureaucracy and they don’t want to add investments to create something…that already exists,” said Chief Executive Sasan Goodarzi.
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Elon Musk Jabs at Billionaire Rival Jeff Bezos Over Trump
The world’s two richest men got into it on Musk’s social-media platform X over the election.
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Building-Materials Provider Quikrete in Advanced Talks to Buy Summit
Quikrete is in advanced talks to acquire Summit Materials, according to people familiar with the matter.
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Volkswagen Faces Prospect of Strikes in December as Talks With Unions Set to Continue
Negotiations are set to resume on Dec. 9 as the German car maker faces weak demand for electric vehicles and competition from lower-cost Chinese competitors.