OpenAI Buys Startup Developing Smartphone Camera
Glass Imaging, valued above $300 million in the deal, was founded by former Apple employees.
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Abbott Agrees to $385 Million Settlement in Baby Formula Case
Some federal prosecutors believed there was enough evidence to bring criminal charges, but Justice Department leadership opted for a civil settlement.
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Dave & Buster's Swings to Loss as Entertainment Sales Keep Falling
The company logged a loss of $12.5 million in the most recent quarter as it struggles to regain relevancy with customers.
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Microsoft Sets Limits for AI Models as Altman Details Control Risks
AI companies risk losing control of AI systems and shouldn't wait for governments to regulate the technology, OpenAI Chief Executive Sam Altman has said.
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Accenture to Pay $25 Million to Resolve DOJ Discrimination Claims
The DOJ said Accenture took race or sex into account when making hiring decisions to achieve progress toward non-public workforce composition goals.
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Bank of America CEO Sparks Bank Stock Selloff With One Small Word
Bank of America CEO Brian Moynihan said at a conference on Monday that sales and trading revenue for the fiscal third quarter will be "flat."
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Amazon, Netflix, YouTube Form Coalition to Advocate for Consumer Choice in Online Content
The three companies are founding members of a new Streaming Access and Choice Alliance that will advocate for consumer access to online content.
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Dell's DFO-Led Consortium Taking Baldwin Group Private for Enterprise Value of $7.7 Billion
A consortium led by Dell Chief Executive Michael Dell's DFO Management is taking insurance brokerage Baldwin Group private in a cash deal valued at $7.7 billion.
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They Built the World's Biggest Fast-Food Chain With the Dollar General Playbook
Mixue has flooded Chinese cities with 45-cent soft-serve cones and has more stores than McDonald's.
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NextEra Reaffirms Full-Year Guidance as Merger With Dominion Progresses
NextEra expects adjusted earnings of $3.92 to $4.02 a share for 2026 as it works with Dominion to clear state regulatory hurdles for a $67 billion merger.
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TD Bank Pledges More than $108 Billion to Fuel Canada's Infrastructure
The five-year pledge comes alongside research from TD Economics estimating that overall Canadian nation-building capital investments could reach up to $1.2 trillion by 2035.
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Airbnb Sets Up $250 Million Fund to Invest in Housing Construction
Long criticized for driving up housing prices, the short-term rental platform pledges to fill financing holes that have stalled developments.
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Novo Nordisk Slims Down Name to Novo
The Wegovy maker is betting that a shorter name will help it resonate more with consumers as it competes with rival Eli Lilly.
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