CK Hutchison Files Arbitration Against Panama, Seeking $1.5 Billion in Damages
The Hong Kong conglomerate has launched international arbitration proceedings against Panama, escalating a dispute over two strategically-important ports that have become caught up in U.S.-China tensions.
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Evergrande Founder Sentenced to Life in Prison
Hui Ka Yan, once one of China's most prominent property tycoons, has been sentenced to life in prison for charges including fraud and financial misconduct.
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Carlyle Joins $1 Billion Investment Round in Missile Startup Castelion
The funding round, which also includes JPMorgan Chase and Andreessen Horowitz, values the hypersonic munitions maker at $13 billion.
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Danone's $1.2 Billion Huel Deal Gets U.K. Competition Clearance
The Competition and Markets Authority said it wouldn't refer the merger to a more in-depth investigation after it launched an initial probe.
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SK Hynix Union, Management Tentatively Reach Pay Agreement
Under the preliminary agreement, the South Korean memory-chip maker will pay most of its workers' special bonuses with shares.
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JD Sports Shares Tumble After Profit Guidance Cut
The sport and fashion retailer cut its full-year profit guidance as second-quarter sales fell due to pricing pressure and a weak U.S. performance.
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Swiss Watch Exports Stay Resilient in July Helped by U.S. Performance
Growth was spearheaded by high-end timepieces and by exports to the U.S., which kept up double-digit growth for the third straight month.
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OpenAI's Latest Bid to Fight Anthropic: A Promise Not to Keep Customer Data
The ChatGPT maker hopes to win business customers who are upset that Anthropic is keeping their data.
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Why a Payments Giant Is Paying $7 Billion for the 'Stripe of AI'
The Stripe deal for OpenRouter, founded by an NFT entrepreneur, is a bet on a future where users turn to a mix of AI models.
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Strategy, Coinbase Stocks Rose After Trump Met Crypto Execs
Shares of Strategy were the best performer in the Nasdaq 100.
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Women at L3Harris Shared Concerns About CEO's Behavior Years Before Ouster
Chris Kubasik was ousted after an investigation into conduct with a subordinate. Years earlier, another employee had made a harassment complaint.
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Spirit Flight Attendants Fight Google's Data Bid for AI
The flight attendants want assurance that their confidential information will be removed from the sale of the defunct airline's digital records.
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Coty Looks to Finish Strategic Review, Guides for First-Quarter Sales Decline
The company guided for revenue to decline by a low- to mid-single-digit percentage as consumers become increasingly selective with their purchases, despite resilient demand for beauty overall.
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Walmart Earnings Could End the Stock's Summer Slump
Walmart stock is down 15% since mid-May. A few factors could help the retailer's shares change direction.
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Deere Earnings Won't Be Good, but There's a Silver Lining
Deere will report fiscal third-quarter earnings Thursday morning. Wall Street expects earnings per share of $4.69, little changed from a year ago.
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Moderna Shares More Than Double on Success of mRNA Cancer Vaccine
The results from a Merck-Moderna partnership validate years of research into a new approach to cancer treatment.