Nvidia-Backed Firmus Scraps Australian IPO, Citing Market Conditions
The cloud-computing company scrapped plans for what would have been Australia's largest initial public offering in almost 30 years.
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American Oil Refiners Are Printing Money as Wars Shrink Global Energy Supplies
The earnings of independent fuel makers Valero Energy, Marathon Petroleum and Phillips 66 are set to crush the near-record results of the June quarter.
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For Walmart, Replacing Humans With Robots Is a Multibillion-Dollar Struggle
Machines programmed to sort merchandise in warehouses hit kinks with cardboard boxes and turkeys. "We are kind of in this peak complexity."
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SpaceX Makes Big Play to Become a Wireless Carrier
Elon Musk's space company is buying spectrum licenses to help build a mobile network to compete with telecom giants.
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Aritzia Raises Sales Outlook as U.S. Growth Accelerates
The women's fashion retailer raised its full-year revenue outlook after U.S. sales surged 60% in its fiscal second quarter to C$779.4 million.
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American Airlines Is the Worst for Bumping Passengers. Now It Says It Will Stop.
The carrier, which was responsible for 60% of fliers who were involuntarily removed from flights, said test programs worked to curb the practice.
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Trump Throws His Weight Behind Credit-Card Legislation Most Feared by Banks
The bill could upend the system that moves billions of dollars in fees that merchants hate and banks use to power rewards.
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Taylor Farms to Curb Lettuce Sales From Mexico After Massive Cyclospora Outbreak
After thousands of foodborne illnesses this year, the produce giant will suspend some harvesting and processing during peak summer months.
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Vance Says U.S. Will Suspend Microsoft and Other Firms From Green Card Program
The move comes as the Trump administration targets alleged abuses of immigration systems.
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Michigan Files Antitrust Suit Against Blue Cross Blue Shield Over Rising Costs
The state attorney general alleges the insurer used its dominant position to drive up health costs for patients.
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Microsoft Forms New Xbox Unit Focused on Film, TV in Turnaround Effort
The new division, dubbed XP, aims to help Xbox's roster of video games grow their fan bases, and connect with them more deeply, Microsoft said.
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Devon Energy Sells Eagle Ford Assets to Crescent Energy for $4.2 Billion
President and CEO Clay Gaspar said the deal is the outcome of an ongoing portfolio review and sharpens the company's focus on its highest-return and longest-duration assets.
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Anglo American Warns of Brazilian Closure if EU Vetoes MMG Nickel Deal
The EU opened an investigation into the deal over concerns that MMG-majority owned by state-owned China Minmetals-could divert ferronickel supplies away from European markets.