Lockheed Martin to Acquire Ultra Maritime in $3.45 Billion Deal
Lockheed said Ultra Maritime's portfolio of anti-submarine warfare will complement and expand its ability to offer sonar solutions for maritime platforms.
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Microsoft Is Cutting More Than 3,000 Jobs in Xbox Division
The videogame unit's revenue has fallen and its Netflix-like subscription service is far below expectations.
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Solstice Advanced Materials to Buy Element Solutions for More Than $12 Billion
Solstice Advanced Materials has struck a deal to buy specialty chemicals maker Element Solutions for more than $12 billion in cash and stock.
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Rogers Communication Buys Final 25% of MLSE, Taking Full Control of Sports Empire
Rogers Communications is buying out the final portion of the Maple Leaf Sports and Entertainment from Larry Tanenbaum's Kilmer Sports for 4.35 billion Canadian dollars.
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Strategy Logs $8.3 Billion Loss as It Sells Off Bitcoin
The loss comes after the company, formerly known as MicroStrategy, sold 3,588 Bitcoin for less than it paid.
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This American Investor Is Betting Big on a European Budget Airline
The latest proposal-the fifth from Castlelake-comes as airline stocks worldwide have tumbled in the wake of the Iran war and the subsequent surge in jet fuel prices.
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TeraWulf Signs $19 Billion Lease With Anthropic for AI-Infrastructure Campus
TeraWulf will partner with Anthropic to build an artificial-intelligence infrastructure campus in Kentucky that could generate $19 billion in revenue.
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Comcast's Sky to Buy ITV's Media and Entertainment Unit for Up to $2.14 Billion
Comcast's Sky has agreed to buy ITV's media and entertainment business in a deal that will see ITV spin ITV Studios off into a separate London-listed business.
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SK Hynix Trims Fundraising Target for U.S. Listing to $28 Billion
The share sale would still rank among the biggest in history, second only to SpaceX's record IPO.
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Novartis to Buy Myricx Bio for Up to $1.5 Billion
The deal for the privately held U.K.-based biotechnology firm will help bolster Novartis's oncology capabilities.
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France's Thales to Take Stake in Maritime Drone Maker Exail Ahead of Takeover
Thales signed an agreement with the Gorge family for its 35.51% combined stake, valuing Exail at $4.46 billion, including debt.
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Besi Shares Tumble Amid Fears of Uptake Delay of New Chip-Stacking Technology
Shares fell 6.7% in early afternoon European trading, but remained up over 90% so far this year.
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Big Tech Has Suddenly Flipped on the AI Jobs Wipeout Scenario
As public opinion of AI has shifted into the negative, warnings of mass employment reductions have diminished.
(END) Dow Jones Newswires
July 06, 2026 13:00 ET (17:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.