BP Expects Boost from Higher Production, Refining Margins
Third-quarter upstream production is expected to rise from the previous quarter. The company also anticipates a boost of up to $400 million from higher refining margins.
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Ericsson Hints at Higher Shareholder Returns After Earnings Beat
Continuing cost-saving efforts boosted profitability and results also benefited from the $1 billion sale of its Iconectiv connectivity services business.
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Google Plans to Invest $9 Billion to Expand AI Infrastructure
Google's investment in South Carolina will go toward scaling up its Berkeley County data center campus, supporting construction, energy affordability and workforce training programs.
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LG Electronics India Jumps in Debut After $1.3 Billion IPO
Shares of the South Korean company's Indian unit opened 50% higher compared with the initial public offering price.
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Thyssenkrupp's Warship Spinoff to List Next Week
TKMS is to start trading on the German stock exchange on Oct. 20, concluding the spinoff of a minority stake of the company.
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Publicis Lifts Outlook, Says AI Is Boosting Growth
The company raised its outlook for the second time this year after artificial intelligence helped power its top line.
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Is Meta's stock in trouble? OpenAI's new app has Wall Street worried.
OpenAI's Sora app could fundamentally change the social-media landscape and leave Meta scrambling to catch up.
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Ford Cuts Production of Five Trucks, SUVs After Fire at Aluminum Supplier
A crucial aluminum supplier was knocked offline until next year. Moneymaking F-150 trucks are vulnerable.
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Samsung Expects Strongest Profit in Three Years on AI-Driven Chip Demand
The South Korean technology giant expects third-quarter earnings to have rebounded to a three-year high, buoyed by a recovery in its flagship semiconductor segment.
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Rio Tinto Reports Flat Third-Quarter Iron-Ore Shipments
The miner also upgraded its annual production forecast for aluminum-rich bauxite.
The meat-alternative producer plans to issue new shares after a debt exchange gives it more time to restructure the business.
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Polaris to Sell Indian Motorcycle Business to Private-Equity Firm
The sale of the heavyweight bike brand is expected to boost Polaris's profits and allow the company to focus on its core off-road vehicle business.
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Banks Poised for Strong Third Quarter, But Yellow Flags on Consumer Health Loom
A lengthy government shutdown, along with rising student and auto loan delinquencies, could weigh on banks as the year comes to a close.
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Goldman Sachs to Acquire Industry Ventures for Up to $965 Million
The deal aims to bolster Goldman's ability to provide solutions for technology entrepreneurs, the company said.
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Catapult Targets Soccer Transfer Fees With Latest Acquisition, CEO Says
Catapult Sports is looking to its latest acquisition to help lower-tier soccer teams target the billions of dollars that the sport's giants splurge each year on player transfers.
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Salesforce's $15 Billion Investment in San Francisco Will Support AI Innovation
The investment will fund a new AI Incubator Hub, expand workforce-development programs and help companies transform into "agentic enterprises," Salesforce said Monday.