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Gucci Owner Kering's Earnings Hit by Turnaround, China Woes
The French luxury-goods group said it booked revenue of €9.02 billion, down 11% both as reported and on a comparable basis compared with the year-earlier period.
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Meta Handed $100 Million Fine in Ireland Over Password Storage
Ireland’s data protection watchdog fined Meta Platforms after the Facebook and Instagram owner stored passwords of some social media users…
Merck Buying Drug Targeting B-Cell Diseases for Up to $1.3 Billion
Merck has struck a deal worth up to $1.3 billion to buy an investigational drug targeting B-cell associated diseases.
Algonquin Power to Sell Renewable Energy Business for $2.5 Billion
Algonquin Power & Utilities has agreed to sell its renewable energy business for $2.5 billion as it transforms into a…
Netflix Taps CBS Sports to Produce Its Christmas NFL Games
Netflix said it has struck a deal to have CBS Sports produce the two National Football League games the streamer…
Warner Bros. Discovery Posts Nearly $10 Billion Loss
The loss includes a $9.1 billion impairment charge tied to the plunging value of its linear networks.
Huge Fire Sparked by a Mercedes-Benz EV Adds to Safety Concerns Dogging Industry
A blaze in South Korea prompts debate over whether electric vehicles should be allowed in the country’s ubiquitous underground parking…
Elon Musk's X Sues Advertising Coalition Over 'Massive' Boycott
The lawsuit alleges companies including CVS Health, Mars and Unilever unfairly targeted the social-media platform over safety standards.
Churchill Downs Invests Beyond Kentucky Derby
The Louisville, Ky.-based company, which owns racetracks and casinos, and operates an online gambling business, plans to devote most of…