Dow Jones Top Company Headlines at 11 PM ET: OpenAI Executives Rattled by Campaigns to Derail For-Profit Restructuring | Microsoft ...
OpenAI Executives Rattled by Campaigns to Derail For-Profit Restructuring
Leaders at the world's most valuable startup have discussed the last-ditch prospect of moving out of California if regulators complicate OpenAI's transition to a for-profit company.
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Microsoft Signs $17.4 Billion AI Deal With Nebius
Microsoft has agreed to pay $17.4 billion for GPU infrastructure capacity over the next five years from Dutch company Nebius.
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Murdoch Family Settles Battle Over Trust
Rupert Murdoch has reached a deal with his children that will pass control of his media assets to his eldest son, Lachlan.
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Australia's ANZ Bank to Cut 3,500 Jobs in A$560 Million Restructure
ANZ Group will cut more than 8% of its workforce and record almost US$370 million in costs as Australia's fourth-largest bank restructures under its new chief executive.
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Dell's Financial Chief Resigns
Dell Technologies named David Kennedy to serve as interim CFO while it launches a search for Yvonne McGill's permanent successor.
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Intel Says Former Co-CEO Johnston Holthaus to Depart
The move is among a number of other leadership appointments at Intel as the company looks to boost its core product business.
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Casey's General Stores Profit, Revenue Rise
The convenience store operator's results were driven by strong same-store sales growth as well as 200 more stores in operation than the previous year, Chief Executive Darren Rebelez said.
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Amid Vaccine Controversy, Pfizer Says New Covid Shots Are Effective
Ahead of a CDC committee meeting, Pfizer has released early data that it says show that its newest Covid-19 shot works. The committee, hand-picked by JFK Jr., includes many vaccine skeptics.
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Hasbro Moves Its Headquarters to Boston
The maker of Nerf blasters and Play-Doh will relocate its headquarters to Boston from Pawtucket, R.I., a move the company said will accelerate innovation, attract top talent and drive long-term growth.
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StubHub Sets IPO Terms That Could Push Market Cap Above $9 Billion
The ticket reseller plans to sell more than 34 million shares at between $22 and $25 apiece in the offering.
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GameStop earnings are coming, as bitcoin looms ever larger for the OG meme stock
GameStop is slated to report second-quarter earnings after Tuesday's close, with investors focused on any comments about the company's bitcoin plans.
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South Korea Says Hyundai Plant Detainees to Go Home Without Being Deported
The country's officials have been negotiating for the U.S. to allow the Korean detainees to leave voluntarily as deportation could trigger a lengthy re-entry ban.
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Databricks Crosses $4 Billion in Annual Revenue Rate
The data analytics company closed its latest financing, raising $1 billion at a $100 billion valuation.
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SpaceX's $17 Billion Deal Plunges Musk Deeper Into Wireless Market
The deal with EchoStar could help the Elon Musk-led company carve out a bigger role in the cellphone market.
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PNC to Acquire Colorado-Based Regional Bank in $4.1 Billion Deal
The agreement helps Pittsburgh-based PNC gain ground in the West and cement its status as a national competitor.