Microsoft and Activision Blizzard Still Committed to $75 Billion Merger
The companies plan to continue work to resolve lingering regulatory issues as the deadline to close the merger approaches.
AT&T Halts Plans to Remove Lead Cables in Lake Tahoe
Company estimates lead-clad cables represent less than 10% of its legacy phone network.
Oddity Prices Closely Watched IPO Above Expectations
Beauty company sells more shares than planned, signaling investors may be ready to write checks for new companies again.
Rio Tinto Sees Strong Iron-Ore Sales; Cuts Guidance for Alumina, Refined Copper
UPDATED: Rio Tinto expects full-year iron-ore shipments to be in the upper half of company guidance but cuts production estimates for others including alumina and refined copper.
Woodside’s Revenue Fell on Lower Output, Energy Prices
Woodside Energy said its second-quarter revenue fell by 29% compared with the prior three months, reflecting lower realized prices and a drop in production.
One Equity Investigated by SEC
The Securities and Exchange Commission is investigating whether the private-equity firm’s communications with investors about its past and future performance violated rules.
Thousands of Authors Ask AI Chatbot Owners to Pay for Use of Their Work
James Patterson and Margaret Atwood are among writers who have joined the call for compensation.
Meta, Microsoft Team Up to Offer New AI Software for Businesses
The Meta AI model, dubbed Llama 2, will be free and available to developers building software on Microsoft’s Azure cloud-computing platform.
Wall Street Wrestles With Dealmaking, Trading Slump
Morgan Stanley said second-quarter profit fell 13% from a year ago, driven by a 22% decline in trading revenue.
Gucci CEO Marco Bizzarri to Leave in Leadership Shuffle
The management changes will elevate two other executives at Kering, the luxury conglomerate that owns the fashion house and other brands.
Source: Dow Jones Newswires