EU Opens Antitrust Probe Into Meta Platforms Over WhatsApp AI Policy
The European Commission opened an antitrust investigation into whether Meta Platforms' rules governing AI developers' access to WhatsApp hurt competition.
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Hormel Expects Better Earnings Next Year
Hormel Foods logged higher sales in its fiscal fourth quarter, but the company swung to a loss as profitability remains under pressure due in part to ongoing cost inflation.
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Rio Tinto's New CEO Targets Cost Cuts, Asset Sales in Streamlining Push
Simon Trott also intends to scale back capital expenditures to less than $10 billion a year from 2028, and the company will cut roles.
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Cava Keeps No-Discounting Stance as Restaurant Deals Abound
Cava doesn't discount, and it has no plans to even as some diners pull back on eating out. The key is ensuring that cash-conscious consumers see the value in the chain's Mediterranean lunch bowls.
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Josh Harris's Firm Strikes Deal for Middleby Unit That Makes Viking Stoves
26North is set to own 51% of the kitchen-products division that houses a number of luxury cookware-equipment brands.
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Sam Altman Has Explored Deal to Build Competitor to Elon Musk's SpaceX
The OpenAI chief executive has looked to put together funds to either acquire or partner with a rocket company.
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Japan Exchange Group CEO Urges Nidec to Improve Controls Amid Accounting Probe
Japan's exchange chief is urging Nidec to move quickly to improve internal controls in the wake of accounting and reporting troubles that have put the company at risk of being delisted.
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Watches of Switzerland Posts Higher Earnings Helped by U.S. Growth
The company backed its outlook for fiscal 2026 as the U.S. accounts for almost 60% of the luxury-watch retailer's profitability.
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Salesforce Raises Forecast as Agentforce Sales Top $500 Million
The customer-relationship management platform lifted its full-year revenue outlook to $41.45 billion to $41.55 billion and posted a third-quarter profit of $2.09 billion.
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Country Garden Secures Shareholder Approval for $13 Billion Bond Sale
The struggling Chinese property developer's shareholders also approved a plan to issue warrants to help reduce offshore debt.
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Snowflake Strikes $200 Million AI Deal With Anthropic, Posts Narrower Third-Quarter Loss
The deal will make Anthropic's large models available on Snowflake's platform and establish a joint go-to-market initiative that aims to deploy AI agents across the world's largest enterprises.
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Tricolor Creditors Seek Probe Into JPMorgan, Fifth Third
A group of bondholders wants to know whether the subprime auto lender's bank lenders had advantaged information about the now bankrupt company.
(END) Dow Jones Newswires
December 04, 2025 07:00 ET (12:00 GMT)
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