Rio Tinto Agrees to Settle Mongolia Copper Mine Lawsuit
The company agreed to pay $138.75 million to resolve a class-action lawsuit that alleged the company concealed problems during the expansion of a giant copper mine in Mongolia.
----
Microsoft Plans to Cut Thousands More Employees
A new round of workforce cuts at the Redmond, Wash.-based tech giant comes as the company makes a costly push into AI.
----
Caris Life Sciences Jumps in Debut, Latest Win for Healthcare IPOs
Cancer-testing company raises $494 million in initial public offering.
----
QXO Proposes $5 Billion Acquisition of GMS
Roofing-products distributor QXO proposed to acquire interior-construction-products distributor GMS.
----
Boeing 787 Crash: What We Know and What Comes Next
Investigations are focused on the engines and why the plane lost lift shortly after takeoff.
----
Railroads Have Slashed Costs and Raised Prices. Why One CEO Now Favors a Merger.
Railroads are running out of levers to keep growing their earnings.
----
Waymo Wants to Bring Its Robotaxis to New York City
The company is facing legal hurdles and other obstacles before its cars can cruise the city's streets without drivers.
----
Nippon Steel Completes Purchase of U.S. Steel After Reaching Security Deal With Trump Administration
The agreement calls for Nippon Steel to invest roughly $11 billion across U.S. Steel's domestic operations over the next three years, a move the companies say will protect and create more than 100,000 jobs.
----
Comcast Shareholders Reject Proposal for Independent Chair
Comcast shareholders have voted against a proposal to curb Chairman and Chief Executive Brian Roberts's power by installing an independent chair on the company's board.
----
Warren Buffett Likely to Give Away $6B in Berkshire Stock Soon. How Much He'll Have Left.
Buffett started the giving program in 2006.
----
Ciena Taps Marc Graff as CFO
Previously, Graff was CFO at provider of hardware and software solutions Altera, and before that served as CFO and chief operating officer for Intel's data center and AI group.
----
Texas Instruments to Invest $60 Billion in Manufacturing Sites
Texas Instruments said it plans to invest more than $60 billion across three manufacturing sites in Texas and Utah.
----
Temu Battles TikTok-Like Backlash Over Data
A data-storage deal with Oracle follows several states' allegations that the bargain site could hand over user data to Beijing.
----
Prudential Unit Lends $500 Million in Private Credit to Affirm
Nonbank lenders like Affirm are cultivating stables of large financing partners to ensure they have sufficient capital to lend, even when public debt markets freeze up.
(END) Dow Jones Newswires
June 19, 2025 03:00 ET (07:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.