Broadcom Reports $18 Billion in Revenue as AI Chip Sales Climb
The chip designer posted nearly twice as much net profit in the fourth quarter as it did a year earlier.
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Lululemon's Chief Executive Calvin McDonald to Depart Next Month
The athletic gear maker has been under pressure from its founder to make changes to reverse its "loss of cool."
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Costco Tops Earnings Estimates but Stock Fails to Gain Traction
The retailer beat Wall Street's profit and revenue forecasts for its fiscal first quarter
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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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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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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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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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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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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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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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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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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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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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Broadcom Beats Earnings. The Stock Rises.
Broadcom forecast $19.1 billion in revenue for the current quarter, compared with analysts' expectations of $18.4 billion.
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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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Naturgy Shares Drop After BlackRock Offloads Part of Stake
The sale accounts for about 7.1% of Naturgy's share capital. BlackRock's GIP retains an 11.42% stake in the Spanish energy company.
(END) Dow Jones Newswires
December 11, 2025 17:00 ET (22:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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