KB Home Cuts Outlook as Profit, Sales Fall

The home builder says it has worked to lower its build times and reduce direct construction costs as it navigates softer market conditions.

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FTC Approves Omnicom-IPG Merger After Ad Giants Pledge Not to Boycott Over Politics

The companies agreed not to discourage clients from buying ads on certain platforms because of the publishers' perceived political affiliations. They didn't admit to ever doing so.

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Ford Still Scrambling to Get Rare-Earth Magnets

The situation has improved, but the automaker still needs to "move things around" to avoid manufacturing shutdowns given the scarcity of the materials.

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Carnival Reports Earnings Tuesday. Fuel Prices Aren't the Only Problem for Cruise Stocks.

Carnival stock is 5% down in 2025 heading into second-quarter earnings Tuesday. Tariff uncertainty and the impact of the Israel-Iran war will be in focus.

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Hims & Hers Stock Drops 30% After Novo Nordisk Breakup

The Danish maker of obesity drugs abruptly ended a Wegovy distribution deal with the telehealth firm, citing allegations about Hims' compounding and deceptive marketing practices.

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Chip Supplier Wolfspeed Agrees to Cut $4.6 Billion Debt in Bankruptcy

The company agreed with top creditors to exchange most of its debt for equity and file a near-term bankruptcy.

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Northrop, Lockheed, Other Defense Stocks Rise After Iran Strikes. Why Gains May Not Last.

America struck three Iranian nuclear sites on Saturday in an impressive coordinated attack called "Operation Midnight Hammer."

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Spin Master Taps Media Veteran Christina Miller as New CEO

Spin Master has appointed Christina Miller as chief executive, tapping a board member and seasoned media and entertainment executive to steer the toy company as the industry contends with looming trade tariffs.

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EU Clears Liberty Media's Dorna Sports Merger

The European Commission approved Formula One owner Liberty Media's bid for Dorna Sports more than six months after deciding to launch an in-depth probe of their merger plans.

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C&S Wholesale Grocers to Acquire SpartanNash in $1.77B Deal

C&S Wholesale Grocers agreed to buy SpartanNash for around $1.77 billion, including debt.

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Ettinger Returns to Hormel Foods as Interim CEO

Jeffrey Ettinger is returning to Hormel Foods to serve as its interim chief executive for 15 months, effective July 14.

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Direct Line CEO and CFO to Step Down Amid Aviva's Acquisition Process

The executives at the helm of the U.K insurance company are stepping down as part of a management reshuffle and will be on paid leave for the first two months of their notice period.

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America's Biggest Cement Supplier Set to Make Its Market Debut

Amrize is expected it to have a market capitalization of $30 billion or more, analysts say.

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Alibaba Folds Food Delivery, Online Travel Services Into Core E-Commerce Unit

The reorganization underscores the growing strategic importance of on-demand delivery for China's retail players.

(END) Dow Jones Newswires

June 23, 2025 21:00 ET (01:00 GMT)

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