Paramount Names Leadership Team for Combined Entity Post $81 Billion Warner Deal
David Ellison, CEO of Paramount, will be chairman and chief executive of the combined company-dubbed Skydance-alongside co-CEO Ynon Kreiz.
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Schneider Electric to Buy Software Maker PTC for $22.6 Billion
The acquisition aims to create one of the largest industrial-software portfolios at a time when the rise of AI is reshaping customer needs.
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C.H. Robinson to Buy RXO for About $5.3 Billion
C.H. Robinson Worldwide has agreed to buy truck broker RXO for around $5.3 billion in cash and stock in a deal that would create a logistics company with annual revenue topping $25 billion.
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GE HealthCare to Buy Sofie for Nearly $1 Billion to Grow Medical-Imaging Business
The deal expands GE HealthCare's footprint in radiopharmaceuticals, its fastest-growing segment.
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Bank Stocks Are Haunted by the Ghosts of 2023
Lenders have stronger balance sheets now as they face a new rate-hiking cycle.
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Aramco CEO Says Oil Inventories Could Take Two Years to Rebuild
Amin Nasser said the global supply cushion was scarily thin, with estimates less than 6 billion barrels of commercial inventories remain-and most of that wasn't practically available.
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Warren and Hawley to Probe Insurers Over Zero-Payout Claims
The senators, one a Republican and the other a Democrat, question whether companies are driving profits with 'tactics to delay payments.'
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Shionogi to Acquire IntraBio for $2 Billion
The Japanese drugmaker said IntraBio's expertise would strengthen capabilities across its rare disease pipeline.
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Robotics Startup RobCo Hits $1 Billion Valuation
The German company aims to capitalize on growing demand for autonomous industrial robots.
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Intesa Sweetens Monte dei Paschi Bid to $35.3 Billion, But Warns on Rival Deals
The bank sweetened the total offer value and warned it could pull out if Monte dei Paschi shareholders backed rival deals.
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Ithaca Energy to Buy Offshore Canada Oil Assets for Up to $1.1 Billion
The company said the deal adds scale and diversification in an operating environment similar to the U.K. Continental Shelf and materially enhances its production outlook.
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Akzo Nobel to Sell Southeast Asia Decorative Paints Business for $1.35 Billion
Akzo Nobel said the planned sale would mark the conclusion of its decorative paints portfolio review in Asia and it would continue to focus on closing of its planned merger with Axalta Coating Systems.
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These Energy Companies Put Oklahoma City on the Map. Now They're Moving to Texas.
The departures of Devon Energy and Expand Energy are the latest sign that oil-and-gas mergers are consolidating the industry in Houston.
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Spending on AI Is Becoming Almost Impossible for Businesses to Budget
AI use is measured in tokens, but the models' use of tokens at any given task can be unpredictable.
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