Meta in Talks to Invest $14 Billion in Scale AI, Hire CEO Alexandr Wang
The planned deal is part of a broader revamp of Meta's AI leadership after its struggles to build the technology.
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Gamestop Swings to Profit, Sales of Collectibles Up 54%
Sales of both software and the hardware and accessories category fell during the quarter.
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Dave & Buster's Profit Drops on Lower Revenue
The company made almost the same amount of revenue year-over-year from food and beverage. Entertainment revenue from arcade games, live sports events and merchandise, meanwhile, fell 5%.
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Uber, Wayve to Test Self-Driving Vehicles in London
The companies said they would launch public-road trials of fully autonomous vehicles in the U.K. capital as part of Uber's pans to bring the technology to Europe.
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J.M. Smucker Shares Slide as Outlook Underwhelms Amid Pressure in Coffee, Snacks
J.M. Smucker, the maker of Folger's coffee, Jif peanut butter and Smucker's jams posted lower sales and swung to a loss in its latest quarter.
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Striking Actors Reach Tentative Deal With Videogame Makers
The union called for a strike last summer after more than a year-and-a-half of negotiations. AI-related protections were a sticking point, the union said.
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United Natural Foods Lowers Profit Outlook Despite Higher Quarterly Sales
United Natural Foods, a major food distributor for Whole Foods, cut its profit outlook for the year due to costs from the end of its contract with grocer Key Food.
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Daimler Truck and Toyota to Merge Japanese Truck Units
Daimler's Mitsubishi Fuso and Toyota's Hino Motors will be combined under a new holding company and listed on the Tokyo Stock Exchange's prime market.
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IBM Has a Roadmap to a 'Fault-Tolerant' Quantum Computer by 2029
The powerhouse computers can be sensitive and error-prone. Now, IBM is offering some details on how it will overcome those problems and build a first-of-its-kind quantum computer.
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Ingka Group Buys Dutch Solar Farms
The acquisition adds three solar parks with a capacity of 76.3 megawatts to the IKEA store owner's portfolio of renewable assets.
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Ad Forecaster Cuts Industry Outlook as Trade Upheaval Risks 'Chilling Effect'
WPP Media now sees global ad industry growth of 6% for this year, down from its prior forecast of 7.7%, excluding U.S. political spending.
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Apple Fails to Clear a Low Bar on AI
The company's hardware-first business model is putting it at a disadvantage in the AI age.
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Tech Industry Fights to Save Clean-Energy Tax Credits
Microsoft and Google have been leading backers of technologies such as solar projects and battery storage.
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Designer Brands Pulls Outlook as Sales Fall
Designer Brands withdrew its outlook for the year, citing persistent instability and pressure on discretionary spending.
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Huawei Founder Dismisses U.S. Export Control Concerns
U.S. chip restrictions won't have an impact on Huawei Technologies, its founder has said, dismissing concerns that it will be squeezed by export controls.
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Warner Bros. Discovery Seeks Ban on Creditor Cooperation in Corporate Split
The entertainment company included an 'antiboycott' requirement for bondholders while seeking to split into two public businesses.
(END) Dow Jones Newswires
June 10, 2025 17:00 ET (21:00 GMT)
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