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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How Nike Missed the Boom in Running Culture
Runners say the sneaker giant has stepped back from the community, opening the door for Hoka, New Balance and others....
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Walgreens Plans Major U.S. Store Closures; Shares Tumble
Shares of the pharmacy chain plummeted 25% after The Wall Street Journal reported the CEO’s plans and the company lowered its guidance for the full year....
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Canada Orders Binding Arbitration to Resolve WestJet Labor Dispute
Canada’s Labor Minister ordered WestJet Airlines and the union representing the carrier’s maintenance engineers enter into binding arbitration on a new...
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Yelp Doubles Down on Home Services as Restaurant Advertising Cools
The review site is planning to spend $40 million this year to grow its business with local-services companies such as plumbers, electricians and movers....
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Amazon Takes On Chinese Rivals Temu and Shein With Plans for New Discount Service
Amazon plans to launch a service focused on shipping cheap goods directly from warehouses in China as it faces growing competition from the Chinese e-comme...
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GSK Slumps After CDC Narrows Age Recommendation for RSV Shots
GSK shares fell more than 5% after U.S. health officials narrowed their recommendation of respiratory syncytial virus vaccines to a smaller age range and m...
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Bill Gates on His Climate Investments: The Early Winners and Long Shots
The Microsoft co-founder breaks down his climate investments....
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H&M Shares Plunge on Worsening Outlook
Hennes & Mauritz’s shares fell 13% after it made a weak start to its third quarter and warned that its performance would be hurt by rising raw materi...
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Lynas Bets on New Rare Earths Products, Breaking China Stranglehold
The Australia-listed company plans to separate two heavy rare earths used in electric vehicles and electronic gadgets at its plant in Malaysia....
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