Volkswagen Backer Porsche SE Calls for Faster Overhaul After $3.5 Billion Hit
The German automaker's major shareholder urged swift action to improve competitiveness after impairments on its investment.
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Missouri Court Grants Delay for Bayer's Roundup Settlement Hearing
A hearing to consider the final approval of Bayer's proposed $7.25 billion class settlement over its Roundup weedkiller has been postponed to Sept. 14.
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Meta Ordered to Pay $942 Million to Address Harm to Kids From Social Media
A New Mexico judge ordered the social-media giant to create a new $567 million fund in addition to paying $375 million in previously determined civil penalties.
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Monte dei Paschi Weighs Strategic Options as Intesa Circles
The Italian bank said that it is analyzing, together with advisors, its strategic options as rival Intesa Sanpaolo proceeds with a $35 billion takeover bid.
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FAA Orders Inspections of Over 400 Boeing 737 Max Jets for Possible Cracks
The Federal Aviation Administration has ordered the inspections of Boeing 737 Max jets for cracks of a component that could affect the structural integrity of the planes.
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Allianz Operating Profit Hits Record High on Asset Management Growth
Europe's largest insurer by market capitalization booked a 10.6% rise in group operating profit.
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Two Quantum IPOs Face Their First Big Earnings Tests
Quantinuum and Infleqtion report earnings next week, giving investors their first major look at two of the newest public quantum-computing companies. Here's what their charts suggest comes next.
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Facing AI 'Apocalypse,' Once-Hot Software Companies Race to Reinvent Themselves
Generative AI is steamrollering the once booming industry known as software-as-a-service. "You have to burn the ships and start from the ground up."
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SpaceX True Believers Propel Shares Past End of Epic Lockup
Some analysts are raising an eyebrow. Retail sees an 'insane opportunity' to buy.
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Ratings Firm Accused of Grade Inflation Vouched for $40 Billion of Insurer Debt
Egan-Jones says it stands by the integrity and rigor of its ratings, which have been banned by a key regulator and are the focus of a lawsuit brought by former employees.
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Naver Posts Resilient Second-Quarter Profit Despite Higher AI Costs
The South Korean internet company posted resilient second-quarter earnings despite higher AI-related operating costs, supported by solid growth in its core search platform and e-commerce businesses.
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FDA Approves Replimune's Melanoma Drug on Third Attempt
The agency had turned down two earlier applications over clinical data-quality concerns.
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Airbnb Boosts Full-Year Forecast on Strong Demand as AI Bets Pay Off
The short-term-rental company said it now expects revenue to increase by at least a mid-teens rate this year, up from its prior projection for growth in the low- to mid-teens.
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Consolidated Edison Reports Higher Profit, Revenue
The New York-based utility company posted a second-quarter profit of $308 million, up from $246 million a year earlier.
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Rocket Revenue Surges on Mortgage Market Share Gains
Rocket Companies reported higher second-quarter revenue as its market share in both purchase mortgages and refinancings rose.
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Nielsen to Buy DoubleVerify
Nielsen Holdings agreed to buy DoubleVerify in a deal with an enterprise value of about $2.15 billion.
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