Ericsson Sheds Guidance, Warns on Networks Recovery
Ericsson removed its key margin guidance beyond the fourth quarter of 2023 after warning that current uncertainties in its mobile networks business will persist into next year.
Rio Tinto’s Aluminum, Copper Output Rises
The company said mined copper output showed a 5% increase in the third quarter.
Baidu Says Its AI Model Now Rivals OpenAI’s
China’s Baidu unveiled a new generative artificial intelligence model that it said rivals OpenAI’s ChatGPT, as part of its efforts to lead the race for AI development in the world’s second-largest economy.
Ford Executive Chairman Calls for End to UAW Strike
Bill Ford, the great-grandson of company founder Henry Ford, said the strike and escalating contract battle with the union are threatening the industry’s future.
Starboard Takes 5%-Plus Stake in Contract-Research Firm Fortrea
The activist investor plans to push for changes that could boost margins among other initiatives aimed at share-price appreciation.
Rite Aid’s Tactic For Opioid Litigation: Bankruptcy Without A Deal
Rite Aid appears to be pursuing a novel strategy to handle a huge number of opioid-related lawsuits by sidestepping plaintiffs until after filing for bankruptcy.
Schwab Sees Potential Inflection Point to Cash Outflows
Key deposits creep up in September after falling for over a year.
‘Wait, Netflix Has Games?’ Streaming Giant Plans New Videogames Based on Its Hit Shows
Netflix is putting greater emphasis on developing games tied to popular programming, including “Squid Game,” “Wednesday” and “Black Mirror.”
Microsoft’s LinkedIn to Cut Almost 700 Jobs
LinkedIn is eliminating about 670 jobs across its engineering, product, talent and finance teams as the company looks to streamline operations.
John Legend Looks to Take on Yelp and Google Reviews
The musician’s new social app, called It’s Good, offers personalized food and travel recommendations.
Source: Dow Jones Newswires