AMD Beats Wall Street Expectations as it Pivots to Data-Center First Status
The chip maker's shares soared.
----
Booking Profit, Sales Fall as Global Conflicts Wear on Travel Demand
The online travel agency posted a third-quarter profit of $2.72 billion, or $3.61 a share, as revenue fell 1% to $8.89 billion.
----
Block Inc. Profit Rises as Square Payment Volume Jumps
The owner of Cash App and Square reported third-quarter net income of $565.6 million, up from $461.5 million the year prior.
----
Super Micro Computer Revenue Surges on AI Infrastructure Demand
The server company's first-quarter revenue rose to $19.95 billion, up from $5.02 billion a year prior, as customers continued spending heavily on artificial-intelligence infrastructure.
----
Google Curbs AI in School Accounts After Pushback
The search company turns off Gemini chatbot and Google Search by default for schoolchildren after a WSJ investigation into Google's AI rollout in schools.
----
Pfizer Raises Forecast on Momentum With New Products
Pfizer boosted its guidance for the year, citing momentum in newly-launched and acquired products that helped offset declining sales for its Covid-19 vaccine and treatments.
----
The Battle for the Biggest Weed Merger Ends in Canada
Organigram Global agreed to buy Aurora Cannabis, topping a hostile bid from U.S. weed chain Curaleaf Holdings.
----
Foodtastic Makes Hostile Bid for Rival MTY Food After Being Rejected
Canadian restaurant franchisor Foodtastic launched a hostile bid for MTY Food valuing its rival at roughly 982 million Canadian dollars, the equivalent of about US$702 million.
----
Yum Says Taco Bell Sales Are Improving After Cyclospora Outbreak Fallout
Taco Bell has been outpacing the broader quick-service restaurant industry since the end of September, Yum! Brands Chief Executive Chris Turner said.
----
Carl Icahn's CVR Energy Strikes $4 Billion Deal for Two Marathon Refineries
The deal comes as global conflicts have boosted U.S. refiners' sales.
----
Unilever Eyes $1.1 Billion in Savings as It Plans Leaner Future Away From Food
The consumer-goods group will outline plans at an investor event Wednesday to save 1 billion euros by the end of 2029 by recuperating some costs and overhauling operations.
----
Shopify Squeezed by AI Compute Costs, Pre-Holiday Infrastructure Buildout
The ecommerce company's third-quarter results and holiday guidance signaled mounting cost pressure from artificial-intelligence compute and infrastructure buildout costs.
----
Apollo's Originations Rise to a Record $114 Billion as Opportunities Arise in AI
The quarter's total included $98 billion tied to new debt investments by the private-credit fund manager.
----
Saudi Aramco Profit Surges, Offering Some Relief to Kingdom's Finances
The state-owned energy giant attributed the boost to higher crude volumes sold from maintaining consistent production, as well as higher prices of refined and chemical products.
----
DuPont Swings to a Profit and Lifts Outlook
DuPont swung to a third-quarter profit of $123 million, or 91 cents a share, from a loss of $123 million, or 88 cents a share, a year earlier.
----
Keurig Dr Pepper's Coffee Business Remains Challenged
The beverage company reported a higher third-quarter profit attributable to common shareholders of $810 million, even though its coffee business is taking longer than expected to recover.
----
Lufthansa Turns Cautious on Outlook as Fuel Costs Weigh
The German airline faced increased fuel prices since the summer, but said strong demand and cost discipline lifted its profit in the third quarter.
----
Bayer Shares Jump After Pharma Recovery Prompts Outlook Raise
The German group said the recovery in its pharma business allowed it to mitigate market pressures at its agricultural and consumer-health divisions.
----
Thomson Reuters Quarterly Profit Falls After Year-Earlier Gain
Thomson Reuters logged a drop in earnings in the third quarter after a year-ago boost from an asset sale and as it was squeezed by higher amortization of software.
----
Ferrari Lifts Guidance Again on Strong Demand for Customizations
The company-which also lifted expectations in July-said it was benefiting from stronger personalizations than initially expected and a ramp up of newer model deliveries.