Companies

Campbell’s Slashes Dividend and Cuts Sales Outlook as Shares Drop 7%

Campbell's slashed its dividend and cut its annual sales forecast on weak consumer spending, sending shares down about 7% after sales and profit declined.

Gloria Steinem, Feminist Icon and Ms. Magazine Co-Founder, Dies at 92

Gloria Steinem, journalist, activist and co-founder of Ms. Magazine, died at 92 at her New York City home, her foundation said Wednesday.

Campbell’s Slashes Dividend and Cuts Sales Outlook as Shares Drop 7%

Campbell's slashed its dividend and cut its annual sales forecast on weak consumer spending, sending shares down about 7% after sales and profit declined.

Iran Strikes US Bases in Kuwait as Trump Warns War Won’t Last Long

Kuwait's military intercepted Iranian missiles and drones Thursday as Tehran widened its retaliation against U.S. bases, with Trump warning strikes could r

Trump Confirms Xi Washington Visit This Month, Touts US Lead in AI Race

Trump said on Wednesday that Xi Jinping will visit Washington this month, calling the summit exciting and claiming a US lead in artificial intelligence.

SpaceX Shares Hit New Low Ahead of Earnings as Insider Selling Window Nears

SpaceX shares fell to a new low despite a successful Starship flight, as investors brace for earnings and a looming insider selling window.

Argenx Agrees $2.2 Billion Acquisition of Forte Biosciences to Bolster Autoimmune Pipeline

Argenx has agreed to acquire Forte Biosciences for about $2.2 billion to strengthen its autoimmune drug pipeline, sending Forte shares up roughly 39%.

AstraZeneca Chief Urges Western Drugmakers to Match ‘Chinese Speed’ as Shares Rise

AstraZeneca CEO Pascal Soriot warns Western drugmakers risk falling behind faster Chinese rivals as the company's shares rise ahead of earnings.

Brown-Forman Rejects Sazerac Takeover Approach as ‘Not Actionable’

Jack Daniel's maker Brown-Forman has rejected an unsolicited acquisition proposal from rival Sazerac, with its board deeming the approach 'not actionable.'

United Approached Delta About Merger Before Turning to American, Reports Say

United Airlines reportedly approached Delta about a merger last year before turning to American, highlighting pressure toward airline consolidation.

Shein Files for Hong Kong IPO After Swinging to Quarterly Loss Despite Revenue Growth

Shein has filed for a Hong Kong IPO after swinging to a quarterly loss despite revenue growth, marking a pivot from earlier London listing plans.

Apple and Megacap Tech Anchor Wall Street’s Busiest Earnings Week of the Quarter

Apple and megacap tech companies headline the busiest week of second-quarter earnings, testing a market where one firm is driving S&P 500 growth.

Logistics Stocks Slide After Texas Legal Ruling Rattles C.H. Robinson

Third-party logistics stocks dropped after a Texas legal case against C.H. Robinson raised concerns over freight broker liability across the industry.

Tesla Suffers Worst Weekly Slump Since 2022 After Missing Quarterly Earnings

Tesla shares fell nearly 18% this week after a quarterly earnings miss and negative cash flow, marking the automaker's steepest weekly drop since 2022.

Kuwait’s KPC Signs $16 Billion Pipeline Deal with Blackstone, Brookfield and KKR

Kuwait Petroleum Corporation has signed a $16 billion lease-and-leaseback deal with Blackstone, Brookfield and KKR to finance its oil pipeline network.

Jury Rules Live Nation and Ticketmaster Operated as an Illegal Monopoly, Overcharging Fans

A jury found Live Nation and Ticketmaster guilty of antitrust violations, ruling they operated as an illegal monopoly and overcharged fans. The verdict moves to a remedies phase, potentially leading to significant industry changes.

Judge Halts Nexstar-Tegna Merger Amid Antitrust Fears

Federal judge blocks Nexstar-Tegna merger over antitrust concerns, halting the $6.2 billion deal pending a trial. State AGs and DirecTV celebrated the ruling.

Grab Accelerates AI Delivery with Robot Acquisition and New Tech

Grab expands its AI delivery services by acquiring Infermove and launching its AI robot, Carri, to enhance efficiency and reduce costs in Southeast Asia.

Bill Ackman’s Pershing Square Launches $64 Billion Bid for Universal Music Group

Bill Ackman's Pershing Square Capital Management has made a $64.3 billion bid to acquire Universal Music Group, aiming to move its listing to New York and address perceived stock underperformance.

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