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New York Community Bancorp's Flagstar Bank is set to lay off around 1,900 employees as part of a strategic transformation plan, including the sale of its mortgage servicing unit to Mr. Cooper.
Donald Trump claims Apple CEO Tim Cook called him to discuss concerns over EU-imposed fines on Apple, totaling $17 billion. The conversation highlights ongoing tensions between U.S. tech giants and European regulators.
Google is integrating its Gemini app team with DeepMind to streamline AI development and improve feedback loops, as part of a broader reorganization to enhance its AI capabilities.
Travelers Companies' stock surged to a record high following a significant earnings beat in Q3, driven by strong underwriting gains and investment income.
The US FDA has expanded the approval of Avadel Pharmaceuticals' sleep disorder drug Lumryz for use in children aged 7 and older, enhancing its market potential and competition with Jazz Pharmaceuticals.
Netflix has exceeded Wall Street expectations by adding 5.1 million new subscribers in the third quarter, boosting its stock price and setting the stage for further growth with upcoming content releases.
Wipro, India's fourth-largest software company, surpasses Q2 revenue estimates due to increased U.S. client spending, despite a slight revenue decline.
Litmus Music, supported by Carlyle Group, has acquired the rights to Randy Newman's song catalog, including his work for Disney's 'Toy Story' films.
Expedia's stock surged following reports that Uber has considered a takeover, aiming to expand its services into travel booking.
Rentokil Initial's 2025 profits are expected to be affected by delays in realizing benefits from its acquisition of Terminix, compounded by weak North American sales.
Hyundai Motor India's $3.3 billion IPO, the largest in India's history, was oversubscribed on its final day, driven by strong demand from institutional investors despite cautious retail interest.
Schneider Electric has announced the acquisition of a controlling stake in Motivair Corporation for $850 million, aiming to strengthen its data center cooling solutions amid growing demand from AI-driven technologies.
Nvidia's stock reaches new heights as AI chip demand surges, driven by strong earnings from Taiwan Semiconductor Manufacturing Company.
Nokia is set to lay off 2,000 employees in China and 350 in Europe as part of its ongoing cost-cutting strategy, aiming to save up to 1.2 billion euros by 2026.
Robinhood has launched a new desktop trading platform, Robinhood Legend, and introduced futures and index options trading to its app, aiming to attract more active traders and compete with established brokerages.
United Airlines' stock surged to its highest level since early 2020 following strong third-quarter earnings and the announcement of a $1.5 billion share buyback program.
Airbus is assessing the financial impact of cutting up to 2,500 jobs in its Defence and Space division amid rising costs and project delays.
Morgan Stanley CEO Ted Pick expresses optimism about the recovery of the IPO market, highlighting the bank's strong performance and strategic positioning in global markets.
RTX Corporation has agreed to pay over $280 million to settle criminal charges related to a foreign bribery probe by the U.S. Department of Justice, involving violations of the Foreign Corrupt Practices Act and Arms Export Control Act.
Amazon has announced its first color Kindle e-reader, the Kindle Colorsoft, alongside a reimagined Kindle Scribe and other new Kindle devices, marking a significant expansion in its e-reader lineup.
Abbott Laboratories has raised its annual profit forecast following strong sales in its medical devices segment, particularly driven by continuous glucose monitors.
The US FDA has placed a hold on Novavax's COVID-19 and influenza vaccine trials following a report of a serious adverse event, impacting the company's market position.
General Motors (GM) is making significant investments in lithium mining projects in Nevada to secure a stable supply of minerals for electric vehicle (EV) batteries. This move is part of GM's broader strategy to strengthen its domestic supply chain and reduce reliance on foreign sources.
Prada and Axiom Space have unveiled a new spacesuit designed for NASA's Artemis III lunar mission, combining luxury design with advanced space technology.