Telefonica to Meet Guidance After Net Loss Narrows
The telecommunications group said it is on track to meet its full-year expectations after reporting a narrower net loss and higher revenue 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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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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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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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.
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Alibaba Profitability Remains Under Pressure
The tech giant has continued to invest heavily in artificial intelligence and fend off intense competition in the food-delivery space.
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Nissan Targets Return to Profit After Restructuring Drive
The Japanese carmaker forecasts a return to net profit this fiscal year after reporting its seventh straight quarterly net loss.
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Tencent's Core Businesses Help Cushion Burden of Intensified AI Push
Tencent Holdings extended its streak of double-digit profit growth in the first quarter.
(END) Dow Jones Newswires
May 14, 2026 03:00 ET (07:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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