Chevron to Invest $7 Billion in Venezuela, Doubling Production
Executives from several other oil-and-gas companies are expected to sign production deals in Caracas later Wednesday.
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Brown-Forman Quarterly Sales Slip on Tequila Slowdown
The whiskey giant's earnings per share outpace analysts' expectations; the company has contended with sluggish spirits market.
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AIG's Zaffino Stepping Down as Chairman, Joining Palantir
Peter Zaffino, who earlier this year retired as AIG's chief executive, will join Palantir as global head of financial services.
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Uber Has Grown So Much It's Now Cutting 10% of Its Global Workforce
Uber CEO Dara Khosrowshahi says the move will 'make Uber simpler and faster' and 'create more capacity to invest in our future.'
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BP Names Replacement for Chairman Ousted Over Bullying Concerns
Interim chairman Ian Tyler will take the role permanently, making him the company's third chair in less than a year.
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Ryanair Cuts Traffic Target to Reduce Exposure to Unhedged Winter Oil
The budget airline said it expects winter traffic to be flat on year and that its capacity cut will reduce winter losses.
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Elon Musk Wants to Make Power-Turbine Components. It Won't Be Easy.
Stocks of blade-and-vane manufacturers fell in response, but the threat to them is still remote.
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Volvo Car Sales Slip on China, U.S. Weakness
Global sales fell 7.4% on year in the quarter, with demand hit by continuing market challenges in the U.S. and China.
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Blackstone Backs Cybersecurity Startup Huskeys to Fight Unwanted AI Traffic
The company, valued at more than $100 million, uses agentic AI to block threats.
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AI Startup Wonderful Hits $5 Billion Valuation, Plans 1,000-Strong Team
Founded just last year, the startup already has 650 employees and is expanding its forward-deployed engineering teams around the world.
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Italian Gaming Group Lottomatica to Merge With Spain's Cirsa
Gaming groups Lottomatica and Cirsa Enterprises have agreed to an all-share merger deal that they say will create the second-largest listed gaming and sports betting operator in the world.
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Volkswagen Fights Chinese Competition-and Its Own Board-in Battle to Survive
Chief Executive Oliver Blume's plan to make the company smaller and less German has sparked union and political outcry.
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TPG Files Confidential IPO Application for Malaysia Hospital Assets Valued at Around $8 Billion
TPG is pursuing a dual-track strategy by planning to launch a sale process for the same Malaysia hospital assets as early as next month.
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New Google AI Model Said to Narrow Gap on Coding Ability
Internal tests of Gemini 3.8 Flash show progress in an area where the company has lagged behind Anthropic and OpenAI. A release is expected this week.
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Will Broadcom Earnings Rebuild Confidence in Its AI Growth Story?
Though Wall Street analysts expect around 70% earnings growth this year and next, the stock is down 30% from its all-time high in June.