Marvell Technology to Acquire Celestial AI in $3.25 Billion Deal
The semiconductor company has agreed to acquire Celestial AI in a bid to help build out its AI and cloud data center business.
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Nike Shakes Up Leadership Team as Turnaround Plan Continues
The retailer will create a new role of chief operating officer and name the heads of its geographic regions to senior leadership as it aims to refocus on performance sportswear.
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CrowdStrike Narrows Outlook, Logs Higher Sales
The cybersecurity company posted a loss of $34.0 million, or 14 cents a share, in the quarter ended Oct. 31, compared with a loss of $16.8 million, or 7 cents a share, a year earlier.
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American Eagle Boosts Guidance on Strong Start to Holiday Season
The apparel retailer now expects comparable sales up 8% to 9% for the fourth quarter thanks to improved sales trends.
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GitLab Swings to Loss Despite Sales Gain
GitLab swung to a loss despite posting double-digit sales gains. The company, which provides software-development tools, also named Jessica Ross its next CFO.
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Saudi Fund to Own Almost All of Electronic Arts After Buyout
PIF is on course to own 93% of the videogame maker, implying it needs to stump about $29 billion in addition to rolling over its existing stake.
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Kalshi Hits $11 Billion Valuation in New Funding Round
Kalshi, one of the biggest players in the prediction markets sector, said it is continuing to grow, with trading volumes now surpassing $1 billion every week.
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Amazon's Custom Chips Pose Another Threat to Nvidia
The company will start selling its Trainium3 processors as AI companies are looking to diversify their supply of data-center chips.
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Ford Electric-Vehicle Sales Sink After Key Tax Credit Ends
The Dearborn, Mich., carmaker's electric vehicle sales continued to sink in November, as the company weighs scrapping the electric version of its F-150 truck following the expiration of a federal tax credit for electric vehicles.
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Boeing Stock Jumps. What the New CFO Just Said.
The new executive made positive comments about free cash flow.
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Country Garden Receives U.S. Recognition for Hong Kong Restructuring Plan
The recognition under chapter 15 of the U.S. bankruptcy code will allow the struggling property developer to reduce roughly $11 billion in debt.
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Scholastic to Sell NYC Headquarters as Part of Turnaround Efforts
Scholastic agreed to sell its New York City headquarters as it works to streamline its publishing business and monetize assets.
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OpenAI Declares 'Code Red' as Google Threatens AI Lead
Sam Altman told employees they must focus on the company's chatbot experience, to the exclusion of other priorities including advertising.
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Fairstone Bank to Buy Laurentian Bank for About $1.4 Billion
Fairstone Bank of Canada entered an agreement to buy Laurentian Bank of Canada for about 1.9 billion Canadian dollars, or $1.36 billion.
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Scotiabank Aiming for Earnings Growth After Capital Markets Buoy Results
The Canadian bank has its sights on strong earnings growth in the coming year despite the lingering uncertainty brought on by U.S. trade policy, with capital and liquidity measures expected to remain solid.
(END) Dow Jones Newswires
December 02, 2025 19:00 ET (00:00 GMT)
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