IKEA to Close Seven Stores in China as Part of New Focus on Smaller Outlets
The news comes as Chinese shoppers hold back on spending, with retail sales growth in the country slowing in each of the last six months on year.
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Bang & Olufsen CEO Kristian Tear Steps Down
Tear is stepping down with immediate effect as the company lowered the top end of its revenue guidance and announced preliminary earnings figures that missed expectations.
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Media Startup Semafor Raises $30 Million in New Funding Round
The digital media outlet, which aims to inform the "global leadership class," plans to expand its events business and add journalists.
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Orsted to File Additional Legal Challenge to Trump's Offshore Wind Halt
The company said one of its projects faces substantial harm from last month's stop-work order and that it would initiate preliminary proceedings in the U.S. District Court for the District of Columbia.
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Volvo Car Logs 2% Rise in Vehicle Sales in Final Month of Year
Overall vehicle sales slipped 0.2% in Europe in December, but rose 0.8% in the U.S. and 1.2% in China, with the XC60 SUV its top-selling model in the year.
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How Google Got Its Groove Back and Edged Ahead of OpenAI
After ChatGPT dominated the early chatbot market, Google staged a comeback with a powerful AI model. It also launched the biggest search-engine overhaul in years.
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Nvidia CEO Says Chinese Demand for Its AI Chips Is 'Quite High'
"H200s are flowing" since the company won White House approval to sell the processor in China, Jensen Huang said.
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xAI Raises $20 Billion in Series E Funding Round, Surpassing Initial Target
The company behind the Grok large language model said that investors in the funding round included the Qatar Investment Authority, Valor Equity Partners, Stepstone Group, MGX and Baron Capital Group, and Fidelity Management & Research Company.
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Eli Lilly Nears Deal for Biotech Ventyx
The more-than-$1 billion deal could come imminently.
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Berkshire Hathaway CEO Abel's Salary Set at $25 Million, Topping Buffett
It is a substantial increase from the pay of his predecessor Warren Buffett, who took an annual salary of $100,000 for more than 40 years.
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Caterpillar CEO Elected Executive Chairman, Predecessor to Retire
Caterpillar Chief Executive Officer Joe Creed, who joined the company in 1997, succeeds D. James Umpleby III who will retire effective April 1.
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Mobileye Acquires Startup Mentee Robotics for $900 Million
Mobileye said the acquisition would accelerate Mentee's go-to-market strategy for its AI-powered humanoid robotics, with proof-of-concept deployments expected in 2026 and commercialization targeted for 2028.
(END) Dow Jones Newswires
January 07, 2026 07:00 ET (12:00 GMT)
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