Category: Business
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Disney’s Earnings Outlook Rises as Streaming Unit Posts Gains
The streaming profit and studio are bright spots, while income from cable and theme parks declines.
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Mark Zuckerberg Releases Cover of ‘Get Low’ With T-Pain
Tech billionaire sings slowed-down version of rap hit in tribute to his wife, crooning lyrics like “shawty crunk, so fresh, so clean.”
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QinetiQ Eyes U.S. Expansion Amid Higher Defense Budgets
The London-listed company is planning to expand in the U.S. as the country ramps up defense spending, its chief executive said after the company posted revenue above expectations.
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Advance Auto Parts to Close Stores as Sales Outlook Misses Views
Advance Auto Parts said it will close hundreds of stores and cut jobs after posting a surprising quarterly loss and forecasting revenue below market expectations.
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General Mills to Acquire Cat Feeding, Pet Treating Business for $1.45 Billion
General Mills said it had agreed to acquire a North American cat feeding and pet treating business from European private-equity firm NXMH in a deal worth $1.45 billion.
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Arnault Son Climbs LVMH’s Top Ranks in Further Leadership Reshuffle
Alexandre Arnault, a son of Chairman Bernard Arnault, is being elevated to deputy CEO of the luxury group’s vast wines-and-spirits division.
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Tapestry, Capri End Merger Hopes Amid Legal Uncertainty
Tapestry—the owner of luxury brands such as Kate Spade and Coach—and Capri—owner of Michael Kors, Versace and Jimmy Choo ended their merger efforts after a federal lawsuit sought to block the deal.
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Siemens Profit Tops Forecasts as Data-Center Demand Offsets Automation Woes
The industrial conglomerate reported a net profit of $2 billion for the fourth quarter, beating market views, after it benefited from high demand for electrical infrastructure driven by data centers.
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NHTSA Fines Ford With Its Second-Largest Penalty in History for Delaying Recalls
The U.S. auto-safety agency said Ford failed to recall more than 600,000 vehicles with defective parts in a timely manner.
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Ben & Jerry’s Sues Unilever, Alleging It Was Censored Over Gaza
In escalation of long-running tensions, the ice-cream brand says its parent company blocked statements in support of Palestinian rights.