Microsoft Plans to Cut Thousands More Employees
A new round of workforce cuts at Microsoft comes as the company makes a costly push into AI.
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Smith & Wesson Quarterly Results Disappoint as Tariffs, Inflation Weigh on Firearm Industry
Lower-priced and new products are still selling, but overall conditions suggest Smith & Wesson will continue to experience headwinds. Shares sank in after-hours trading.
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QXO Proposes $5 Billion Acquisition of GMS
Roofing-products distributor QXO proposed to acquire interior-construction-products distributor GMS.
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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.
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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.
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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.
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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.
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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.
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Airbus to Lift Shareholder Returns as Demand for Aircraft Remains Strong
The plane maker is betting that demand for aircraft will continue to fuel growth in coming years.
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Malaysia Probing Reports of Chinese Firm's Use of Nvidia AI Chips
Officials are investigating following a Wall Street Journal report that Chinese engineers had bypassed U.S. chip curbs.
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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.
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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.
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What UnitedHealth Can Do to Revive Its Battered Stock
Investors long trusted UnitedHealth to deliver earnings beats, despite limited transparency. Now they want answers.
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Rheinmetall, Anduril Team Up to Produce Defense Systems for Europe
The systems will be jointly developed and produced by the two companies, with suppliers and industrial partners throughout Europe as the continent seeks to ramp up security spending.
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Private Equity's IPO Exit Doors Expected to Open Wide in Second Half
Private equity-backed companies' initial public offerings appear poised to take off in this year's second half as the exit channel reopens and emboldens businesses, industry insiders say.
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The Biggest Companies Across America Are Cutting Their Workforces
It isn't just Amazon. There's a growing belief that having too many employees will slow a company down-and that anyone still on the payroll could be working harder.
(END) Dow Jones Newswires
June 18, 2025 21:00 ET (01:00 GMT)
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