Broadcom Shares Sink Despite Record Revenue
The chip designer reported rapid revenue growth as demand continues to rise for chips to fill the data centers that power artificial-intelligence models.
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FTC Sues to Block Henkel's $725 Million Acquisition of Liquid Nails From PE Firm
The antitrust regulator's latest suit comes about a month after a judge dismissed its challenge to GTCR's acquisition of Surmodics.
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OpenAI Updates ChatGPT Amid Battle for Knowledge Workers
The new, productivity-focused GPT-5.2 model comes as the AI company faces increasing competition from Google and Anthropic.
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Lululemon Chief Executive Calvin McDonald to Depart Next Month
McDonald's exit comes as the company's estranged founder had privately been taking steps to mount a proxy fight.
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Rivian Expands Hands-Free Driving in AI Push
The EV maker is increasing autonomous features to compete with Tesla. Its shares sank 6%.
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Australia Approves Hanwha Bid to Increase Austal Stake
Australian Treasurer Jim Chalmers said there would be limits on Hanwha's access to sensitive information and stringent criteria on any Hanwha nominee to Austal's board.
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Oracle Shares Tumble on AI Spending Worries
Oracle shares fell sharply on Thursday, a stark display of investors' concerns about tech companies overspending on artificial-intelligence infrastructure.
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Renaissance Explores Tweak to Trading Models After Meme-Stock Volatility
Two funds at the quant-trading pioneer suffered their worst months ever in October.
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Dollarama Lifts Outlook as Canadian Shoppers Boost Results
Robust consumer demand drove higher traffic and spending across stores at Canada's largest dollar-store chain.
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Texas Sues Medical-Tech Firm Epic Systems Over Parent Access to Child Records
The state's Attorney General Ken Paxton filed a lawsuit that also alleges the company blocks competition.
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Philippines Typhoon Survivors Sue Shell Over Its Role in Climate Change
Claimants say the oil giant has known for decades that burning fossil fuel contributes to global warming, something the company disputes.
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Palantir Sues CEO of Rival AI Firm, Alleges Widespread Effort to Poach Employees
The lawsuit says Percepta's chief executive built a "copycat" company after leaving Palantir last year.
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Disney to Invest $1 Billion in OpenAI and License Characters for Use in ChatGPT, Sora
The three-year deal lets users generate videos of Disney, Marvel, Star Wars and Pixar characters; Disney also accused Google of infringing on its copyrights
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Eli Lilly Reports Dramatic Weight Loss in Next-Gen Obesity-Drug Trial
Eli Lilly said its next generation weight-loss drug retatrutide resulted in significant weight loss and reduced knee pain in a late-stage trial.
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Altria CEO Gifford to Retire in 2026, CFO Mancuso Tapped to Take Over
Altria Group said Chief Executive Billy Gifford will retire in May and named chief financial officer, Sal Mancuso, as Gifford's replacement.
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Thyssenkrupp Shutters Electrical Steel Plants, Warns of Potential Job Losses
Plants in Germany and France would be closed from mid-December until the end of the year as a response to imports that it says are undermining the European steel sector.
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EU Launches In-Depth Foreign Subsidies Probe Into China's Nuctech
The bloc said Nuctech might have received grants, preferential tax measures and loans which could have improved its competitive position in Europe.
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Schneider Electric Expands Revenue Target, Plans Buyback Program
The company now expects organic revenue growth of between 7% and 10% for 2026 to 2030 and plans a share buyback of up to $4.09 billion.
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Costco Sold 4.5 Million Pies Ahead of Thanksgiving. Despite Earnings Beat, the Stock Fails to Gain Traction.
The retailer beat Wall Street's profit and revenue forecasts for its fiscal first quarter
(END) Dow Jones Newswires
December 11, 2025 21:00 ET (02:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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