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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.
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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…
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Kroger, Albertsons Agree to Pause Merger as FTC, State Challenges Proceed
Deal between the two grocery-store operators has faced regulatory scrutiny since it was announced in October 2022.
Hermes Bucks Luxury Slowdown With Higher Sales But Flags Weakness in China
The Birkin handbag maker reported higher sales for the second quarter, with wealthy customers helping it defy a global slowdown…
Uber and Lyft Win California Ruling to Treat Drivers as Contractors
The state’s Supreme Court decision preserves the gig-economy business model.
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…
EVs Are Cheaper Than Ever. Can Car Buyers Be Won Over?
Discounts abound as automakers and dealers try to entice hesitant shoppers to make the switch.
Delta Struggles to Regain Footing After Tech Outage
Passengers have filed hundreds of complaints against the carrier as it works to restore systems and locate available personnel.
Gucci's Owner Lost His Patience. What Came Next Was a Grand Reinvention.
French billionaire François-Henri Pinault is taking hands-on approach as he scrambles to catch up to rival LVMH.
The White-Collar Hiring Rut Is Here. That's Bad News for Young College Grads.
After a pandemic boom, hiring is down for jobs that require a bachelor’s degree. ‘These companies just got way, way…