Warner Rejects Paramount’s Hostile Bid, Saying Netflix Deal Still Superior
Warner raised concerns about the credibility of Paramount’s “illusory” offer and its backing from the Ellison family.
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General Mills Profit Falls Amid Price Cuts
General Mills reported lower second-quarter profit and sales as the company leans on price cuts to attract inflation-weary consumers.
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Diageo to Sell Kenyan Drinks Stakes to Japan’s Asahi for $2.3 Billion
The deal gives East African Breweries an enterprise value of $4.8 billion, according to Diageo.
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Hut 8, Fluidstack to Build AI Data Center for Anthropic
Hut 8 is partnering with Fluidstack to build a large artificial-intelligence data center in Louisiana for Anthropic, backed by a $7 billion lease, where Hut 8 will develop and deliver the power needed to run the facilities.
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TransAlta Gets Order to Keep Coal-Fired Plant in Operation for 90 Days
TransAlta has been ordered by the Energy Department to keep open for a 90-day period a coal-fired power station in Washington state that had been earmarked for closure.
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KNDS to Go Public in Dual Listing
Formed from the combination of Germany’s Krauss-Maffei Wegmann and France’s Nexter, the company has emerged as a key beneficiary of demand from the war between Russia and Ukraine.
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Medline Raises $6.3 Billion in Biggest IPO of the Year
Shares of Medline, which supplies medical and surgical products including baby blankets, are set to begin trading on the Nasdaq on Wednesday.
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SBI Shinsei Bank Shares Surge in Tokyo Debut
The Japanese lender made a successful comeback to Tokyo’s stock market in one of the country’s biggest offerings this year.
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Bunzl Shares Fall on Lower Operating Margin Outlook
The distribution-and-outsourcing group expects the on-year operating margin decline seen in the first half of 2025 to moderate in the second.
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Micron Reports Earnings Today. What Wall Street Wants From the Memory Chip Maker.
Micron stock is up 175% this year. Investors are pinning their hopes on the chip maker’s outlook.
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U.S. Tanker Seizure Has Paralyzed Venezuelan Oil Shipping-Except Chevron’s
Vessels are idling at ports or veering away from the region. But for Chevron, it’s business as usual.
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California Gives Tesla 90 Days to Change Autopilot Advertising
An administrative judge found that the automaker deceived consumers by falsely implying its cars could drive on their own.
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Chinese AI Chip Startup MetaX Leaps in Trading Debut
MetaX Integrated Circuits’ blockbuster debut came after its peer Moore Threads made a splash earlier this month.
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Treasury Wine Sees Higher Debt Amid Weak U.S., China Demand
Australia’s Treasury Wine Estates said it would cut costs and shipments in response to weaker appetite for luxury tipples in its key markets.
(END) Dow Jones Newswires
December 17, 2025 09:15 ET (14:15 GMT)
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