SK Hynix Shelves Plans for U.S. Listing of Memory-Chip Unit Solidigm
SK Hynix said plans for a potential U.S. listing of its memory-chip unit Solidigm has been discontinued in light of market conditions and share price trends.
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Moderna's Stock Plummets After Cancer-Vaccine Data Shared on Social Media
Details from a closely guarded study were to be released at a conference on Saturday.
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Weil Gotshal Bleeds More Top Lawyers as It Holds Merger Talks
Partners are leaving for rivals including Sidley Austin and Davis Polk, increasing pressure on the law firm to secure its future.
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Newmont Logs Higher Profit, Revenue on Higher Gold Sales
The gold producer posted a third-quarter profit of $2.48 billion, up from $1.83 billion a year earlier.
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L'Oreal Eyes Profit Rise This Year as Sales Keep Growing
The company booked sales of $12.98 billion in the third quarter, a 7.2% increase, like-for-like, from the same period a year earlier.
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Sallie Mae Cuts Full-Year View After Logging Higher Charge-Offs
The private student loan company, formally SLM Corp., now expects earnings per share for the year to be $1.95 to $2.05, down from its earlier guidance of $3.10 to $3.20.
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Deckers Cuts Sales Outlook as Shoppers Seek Out Discounted Shoes
The company now expects annual sales to be $5.7 billion to $5.73 billion as it projects slower growth for its Hoka sneaker and Ugg shoe brands.
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Meta Eyes an Early Equity Deal for Its AI War Chest-and Berkshire Could Be a Buyer
Berkshire participated in Alphabet's $85 billion equity fund deal in June that could be a model for any Meta equity raise.
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Western Digital Profit Grows on Data Storage Demand, Higher Pricing
The company reported a fiscal first-quarter profit of $1.78 billion as it capitalizes on growing data-storage demand tied to the build out of AI infrastructure.
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Boston Beer Logs Lower Profit, Revenue Amid Bleak Beer Market
The brewer posted a third-quarter profit of $43.2 million, down from $46.2 million a year earlier, as demand for beer continues to fall.
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Procter & Gamble's Sales Offset Rising Fuel Costs
Procter & Gamble logged higher sales and said it is managing to stay on track despite rising fuel costs.
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Bloom Energy Lifts Outlook, Logs Higher Profit
The company now expects full-year adjusted earnings of between $3.10 and $3.40 a share after reporting a profit of $250.3 million, driven by demand for the company's on-site power solutions.
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Kering's Sales Lose Steam in Struggling Luxury Market
The owner of Gucci, Bottega Veneta and other high-end labels booked a 1% decrease in revenue as the luxury market continues to see a sharp drop in demand.
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American Airlines Sees Another Quarterly Loss as Fuel Costs Rise
The carrier said that revenue is projected to climb 19.5% to 22.5% in the fourth quarter, during which it is also on track to post an adjusted loss of 50 cents to $1.10 a share.
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Comcast Plans Restructuring as Domestic Broadband-Subscriber Losses Continue
The company said it would take a $1 billion-plus charge in the fourth quarter as it looks to redesign its business.
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