Paramount Discussed $1.5 Billion California Investment to Clear Merger Hurdle
The company has discussed a series of concessions as part of advanced settlement talks with a coalition of state attorneys general, hoping to clear a path for its $81 billion Warner Bros. deal.
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Disney Theme Parks Defy Industry Slump With Price Cuts and Promotions
Special deals helped boost attendance in Florida and California while traffic thins out at competitors Universal and SeaWorld.
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Volvo Recruits a Top VW Executive to Steer Its Turnaround
Klaus Zellmer, whose Škoda brand posted profit margins that rival those of BMW and Mercedes, will replace Håkan Samuelsson as Volvo pushes new models.
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Anthropic Shifts Planned IPO to November
Investors had expected the Claude maker to debut in October. The AI industry has been grappling with calls to slow down its pace of development.
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Paramount in Advanced Settlement Talks With California's Attorney General
California and 11 other states sued in July to block the $81 billion merger between Paramount and Warner Bros. Discovery.
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Nvidia-Backed Cloud Startup Nscale Files for IPO
The U.K.-based company didn't say how many shares it would offer, or at what price, but intends to list shares on the New York Stock Exchange under the symbol NSCL.
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Automakers Urge Trump Not to Allow Chinese Cars Into U.S. Ahead of Xi Summit
A group representing carmakers and dealers warned against any deal that might allow the sale or manufacture of Chinese cars in the U.S.
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NASA Explores New Missions With Boeing's Troubled Starliner Spacecraft
The talks are a turnaround for a ship that posed risks to crew members on a 2024 flight to the International Space Station.
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Canada Ready to Clawback Stellantis Cash Unless Production Resumes at Toronto-Area Factory
The plant, in Brampton, Ontario, has been idle since 2024, and Stelantis is in advanced talks to sell that factory to a Canadian armored-car maker.
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Faire Won Over Main Street. Now it Wants to Woo Wall Street.
The startup, which had a valuation of $5.2 billion last November, expects a stock-market debut in the next 12 months, Chief Financial Officer Jason Lee said.
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Warren Buffett Steps Down as Berkshire Hathaway Chairman
The legendary investor, whose son Howard succeeds him as chairman, will remain on the board and become chairman emeritus.
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Disney Beefs Up Tech Ambitions With Newly Created CTO Role
Karandeep Anand, head of Character.AI, will report directly to Disney CEO Josh D'Amaro, who has made tech a focus.
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Russia Seizes Control of Nestle's Local Operations
Russia also placed the local businesses of French retailers Auchan and Leroy Merlin under temporary external administration, according to a presidential decree.
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Uber Ordered to Pay $40 Million in Wrongful Death Lawsuit
Uber has been ordered to pay $40 million to the parents of a woman who was hit and killed by another car on the freeway, after her Uber driver allegedly pulled over and ordered her and her friend to get out of the vehicle.
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