Chevron to Sell Some Asia-Pacific Assets to Japan's Eneos for $2.17 Billion
Chevron has agreed to sell several Asia-Pacific refining and retail assets to Japan's Eneos for $2.17 billion, as it continues to streamline its international portfolio.
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Foxconn Posts Strong Results on AI Hardware Sales
Foxconn Technology Group reported robust first-quarter revenue and profit as it ramped up production of server racks, other advanced equipment and consumer devices for the global artificial-intelligence buildout.
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Cerebras Systems to Raise $5.55 Billion in Year's Largest U.S. IPO So Far
The company, which is backed by OpenAI's Sam Altman, priced its upsized offering of 30 million shares at $185.00 a share.
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Watches of Switzerland Expects Revenue Growth on Strong Demand
The luxury-watch retailer forecasts organic revenue growth between 5% and 10% for its fiscal 2027 on a constant-currency basis thanks to U.S. demand.
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Telefonica Shares Rise After Revenue, Adjusted Earnings Beat Expectations
The telecommunications group posted a narrower net loss as revenue rose in Spain and Brazil in the first quarter.
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Burberry Posts Higher Sales as Turnaround Efforts Take Effect
Sales climbed 5% as it continues to undergo a turnaround plan amid difficult market conditions due to geopolitical instability.
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Peter Thiel-Backed Startup Bets Its AI Can Boost Hiring
Artificial-intelligence coding startup Cognition is expanding across Asia, looking to plug a "software deficit" with an automation tool it bets can lead to more hiring, not less.
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Cisco to Shed Jobs for All-In AI Push
The networking company said Wednesday that it is launching a restructuring that will cost up to $1 billion in severance, one-time termination benefits and other costs.
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StubHub Swings to First-Quarter Profit as Sales Climb on Ticket Demand
Chief Executive Eric Baker said trends in the live events and secondary ticketing markets remain healthy, with strong consumer demand and a robust event calendar this year.
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Geothermal-Champion Fervo Energy's Shares Soar in Trading Debut
The IPO values the energy company, backed by Bill Gates and Google, at about $7.7 billion.
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Amazon Ditches Rufus for New AI Shopping Assistant
Amazon is replacing Rufus with Alexa for Shopping as the company pushes further into agentic AI commerce.
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Rivian CEO's Robotics Company Raises $400 Million
The funding for the AI-powered industrial robot project now exceeds $1 billion.
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Famed Merops Drone Interceptor to Be Made in Europe
The maker of Merops, the drone interceptor battle-tested in Ukraine and Iran, struck a deal to manufacture its product in Germany, in the latest move by Europe to capitalize on Ukrainian-related defense technology.
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McDonald's Is Recommitting to Chicago In a Stadium-Naming Deal
The new Chicago Fire soccer stadium will be called McDonald's Park and is expected to open in 2028.
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Equinox, Orla Agree to Form $18.5 Billion Gold Major
Equinox Gold and Orla Mining agreed to combine in a deal that would create a new $18.5 billion North American gold miner.
(END) Dow Jones Newswires
May 14, 2026 05:00 ET (09:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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