Barry Diller Withdraws Bid for MGM Resorts
The billionaire had been in talks with the casino operator after offering in June to take a majority stake.
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Disney Boosts Prices on Several Streaming Subscriptions
Standalone plans for the entertainment company's Disney+ and Hulu streaming services will now cost an additional $2.50, at $21.49 a month.
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Wells Fargo Names COO Powell as Next Chief Risk Officer
Scott Powell will succeed Derek Flowers, who is retiring from the bank in January.
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Anthropic Leaders Back Startup Developing System to Detect Biological Threats
Pilgrim has raised $25 million and has developed a 50-pound device that detects biological threats.
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Activist Starboard Urges Construction Company to Explore Sale
Knife River's stock dropped over 7% Wednesday after the company predicted continued headwinds.
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Grail's Multi-Cancer Blood Test Gets FDA Committee Vote for Premarket Approval
The FDA is expected to make its final ruling on Galleri's premarket approval in the coming months.
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McDonald's Pledges $8.5 Billion in Investments to Help Franchisees
The fast-food giant's strategy aims to tackle rising costs, overhaul equipment and expand share in chicken and beverages.
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General Mills Bets on New Products, Marketing to Drive Turnaround
The maker of Cheerios and Annie's macaroni and cheese posted a profit of $397 million in the fiscal first quarter, down from $1.2 billion a year earlier.
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Florida Railroad Brightline Plans Imminent Chapter 11 in New Jersey
The Fortress Investment Group-backed railroad plans a bankruptcy filing after struggling with $5.5 billion in debt and slow ridership growth.
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Flock Outlines New Limits on License-Plate Searches in Letter to U.S. Senate
The company says it cut its default data-retention period to seven days from 30, added standardized search categories and will require case numbers.
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China's Geely Unveils EV Charging Under Five Minutes
The automaker rivals ultrafast charging from BYD as automakers aim to entice buyers in China's slowing market.
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LinkedIn Tightens Verification Rules to Fight Fake Recruiters
New tools are aiming to better protect job seekers from scams and remove fraudulent profiles faster.
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Cracker Barrel Targets Sales Growth as New CEO Keeps Strategy Intact
The company expects revenue of about $3.33 billion to $3.4 billion, up from $3.32 billion for the year that ended July 31, after recording higher profit in the fourth quarter.
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YouTube Is Battling Netflix Over Top Talent
The Google-owned platform is rolling out better tools for digital producers that could help it to keep more of their content exclusively.
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Bentley Tests Bumpy EV Market With $230,000 SUV
The launch is the latest move by Europe's luxury automakers to seek growth from electric vehicles.
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Paychex's Sales Growth Slows
The payroll and human-resources provider on posted a fiscal first-quarter profit of $429.7 million, or $1.21 a share, compared with $383.8 million, or $1.06 a share, a year earlier.