PepsiCo Trims Outlook as North American Unit Underperforms
The snacks and soda maker posted fiscal third- quarter profit of $3.05 billion, or $2.23 a share, compared with $2.6 billion, or $1.90 a share, a year earlier.
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7-Eleven Owner Reports Lower Quarterly Profit
Seven & i Holdings' second-quarter net profit fell as its domestic business proved a drag despite stronger earnings at its North American business thanks to fuel sales.
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Viatris to Buy Pacira BioSciences for $1.65 Billion
Viatris has agreed to buy pain-drug maker Pacira BioSciences for $1.65 billion in a deal that expands the healthcare company's medicines portfolio.
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Anglo American Warns of Brazilian Closure if EU Vetoes MMG Nickel Deal
The EU opened an investigation into the deal over concerns that MMG-majority owned by state-owned China Minmetals-could divert ferronickel supplies away from European markets.
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Oil Majors Cut Production in Gulf of Mexico as Hurricane Isaias Strengthens
Chevron, Shell and Harbour Energy have begun curbing production and evacuating personnel from offshore facilities as the region braces for the hurricane.
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Samsung Expects Operating Profit to Exceed $80 Billion for First Time
The memory giant remains a key beneficiary of global demand for advanced chips as companies invest heavily in AI infrastructure and applications.
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Tesco Lifts Lower End of Profit Outlook on Sales Momentum
The supermarket chain's pretax profit rose 11.5% and it expects further momentum.
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Joe Rogan Re-Ups Lucrative Spotify Deal
The latest multiyear agreement comes as "The Joe Rogan Experience" remains No. 1 in U.S. listenership.
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Porsche AG Increases Stake in Manthey Racing to 67%
The company raised its stake in German auto racing team and performance tuning company as part of its strategy to expand individualization options on its cars.
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U.K. Regulators Ready Green Light for $4 Billion ATM Tie-Up Between Brink's, NCR Atleos
Authorities said the offer to sell off some parts of Brink's business should address concerns over the ATM operator's planned acquisition of its rival.
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Uniqlo Owner Posts Record Annual Profit, Expects Further Growth
Fast Retailing reported record annual net profit, driven by strong earnings across regions, and projected further profit growth this fiscal year.
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Imperial Brands to Launch $2 Billion Buyback
The tobacco company expects to meet its targets for the fiscal year through September, and set out plans to buy back in shares in fiscal 2027.
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Vodafone Raises Savings Target for U.K. Unit
The group expects cost savings for its U.K. unit VodafoneThree to reach €1 billion by the year ending March 2032.
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The AI Price War Is Heating Up-and OpenAI Is Gaining Ground on Anthropic
Both companies need to show Wall Street they have sustainable businesses ahead of planned IPOs.
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Fired OpenAI Researchers Ask Company to Preserve Visibility Into AI Reasoning
In a letter to the board, recently terminated employees ask the industry not to move forward with work that would degrade the ability to monitor AI.