Meta to Create New Applied AI Engineering Organization in Reality Labs Division
New teams will have a "flat structure" with up to 50:1 ratio of individual contributors to managers, according to an internal memo.
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Norsk Hydro's Qatar Aluminum Plant to Shut Down After Iran Attacks Cut off Gas Supply
Norwegian aluminum producer Norsk Hydro said its Qatari smelter is shutting down after its joint-venture partner stopped supplying gas amid attacks from Iran.
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Verizon Recently Weighed Pulling Back On NFL Sponsorship Deal
The company decided against the changes but is scrutinizing other major sports- and music-marketing agreements.
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Thrive Capital, A16Z to Lead Anduril Investment at $60 Billion Valuation
Palmer Luckey's defense technology company builds AI-powered autonomous weapons.
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'MasterChef' Maker Banijay to Merge Entertainment Arm With All3Media
The $5 billion deal aims to create the world's largest independent entertainment company, with brands such as "Peaky Blinders," "Big Brother" and "The Traitors" under one roof.
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Target Sales Just Fell Again. Now Its New CEO Plans for Turnaround.
Michael Fiddelke will present his proposal to fix things at Tuesday's investor meeting
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Cigna Names Brian Evanko CEO as David Cordani Retires
Cigna Group's longtime leader, David Cordani, is retiring as chief executive of the health insurer later this year and handing the reins to Brian Evanko.
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Blackstone Played Down Private-Credit Risks. Now It's Been Hit.
Outflows topped inflows by a record $1.7 billion in Blackstone's huge $82 billion private-credit fund in its latest quarter.
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Best Buy Forecasts Tepid Growth as Consumer Demand Slows
Best Buy said it saw a return to positive same-store sales during fiscal 2026 but projected weak growth for the year ahead as it expects consumers to continue hunting for value.
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AutoZone Says Winter Storms Hurt Sales
The car-parts retailer said net sales rose 8.1% to $4.27 billion for its 12 weeks ended Feb. 14. Analysts polled by FactSet had forecast sales of $4.31 billion.
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RV Maker Thor Warns of Cloudy Consumer Outlook
The company maintained its fiscal-year outlook but warned that new tariff measures, inflation and the recent conflict in the Middle East could weigh on results.
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Activist Elliott Invests $1 Billion in Pinterest
Pinterest will use the injection to help fund a $3.5 billion share-buyback program.
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Anthropic's Feud With Pentagon Earns It Fans Amid the Blowback
The AI company's app is reaching new heights of popularity after President Trump ordered the government to stop using it.
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Ziff Davis to Sell Connectivity Division to Accenture for $1.2 Billion
The company said that the division, which includes Ookla's Speedtest, Ekahau, Downdetector and RootMetrics brands, generated $231 million in revenue last year.
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Thoma Bravo to Acquire WWEX Group as Its Push for Software Deals Accelerates
The private-equity firm plans to combine it with Auctane, its shipping and fulfillment portfolio company.
(END) Dow Jones Newswires
March 03, 2026 15:00 ET (20:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.