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Nokia to Buy Infinera for $2.3 Billion to Boost Optical-Networks Arm
The deal, which is valued at $6.65 a share, is a 28% premium from Infinera’s stock price at the close of trading on Wednesday.
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Amazon Shares Slide as Spending Surges and Revenue Outlook Disappoints
The company projected weaker-than-expected revenue growth and said it would continue to ratchet up spending to meet anticipated demand for…
Delta CEO Says CrowdStrike Tech Outage Cost It $500 Million
The airline faced deeper disruption and took days longer than rivals to get back on track after the outage knocked…
Microsoft Stock Drops After Slight Miss in Cloud Growth
Sales for Microsoft’s main cloud business fell just short of expectations last quarter, causing the tech giant’s stock to tumble…
Standard General Agrees to Buy Out Bally
Hedge fund Standard General agreed to buy the balance of shares in casino chain Bally’s in a deal that values…
Universal Music Sheds $13 Billion in Market Cap After Streaming Revenue Disappoints
The record label behind Taylor Swift, Billie Eilish and Ariana Grande posted revenue growth from subscriptions and streaming services well…
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.