US Business
Microsoft and Activision Blizzard Still Committed to $75 Billion Merger
The companies plan to continue work to resolve lingering regulatory issues.
US Business
US Business
U.K.’s Stubborn Inflation Means More Pain for Homeowners, Renters
Consumer prices in the U.K. continue to rise at a faster rate than in most other rich countries, threatening fresh hardship for millions of voters ahead of a general election next year.
US Business
AT&T Halts Plans to Remove Lead Cables in Lake Tahoe
Company estimates lead-clad cables represent less than 10% of its legacy phone network.
US Business
Meta, Microsoft Team Up to Offer New AI Software for Businesses
The Meta AI model, dubbed Llama 2, will be free and available to developers building software on Microsoft’s Azure cloud-computing platform.
US Business
Lockheed Martin Projects Higher Sales as War Boosts Orders
The defense company raised its guidance as the war in Ukraine drives demand for missiles.
US Business
Restricting Chip Sales to China Could Backfire on U.S., Industry Group Says
The potential limits threaten to undermine new government investments in chip-making in the U.S., the Semiconductor Industry Association warns.
US Business
U.S. Companies Score Partial Reprieve From Global Tax Deal
Changes to the deal will delay or reduce taxes set to be paid to foreign countries.
US Business
Ford Cuts Price of F-150 Lightning Electric Truck by Up to $10,000
The move came after Tesla reported a surge in second-quarter deliveries that was helped by sharp price cuts and discounts.
US Business
Efforts to Rein In AI Tap Lesson From Social Media: Don’t Wait Until It’s Too Late
Activists and officials race to shape rules and public understanding of new artificial intelligence tools.
US Business
China’s Economy Barely Grows as Recovery Fades
China’s economy barely grew in the second quarter from the first and youth unemployment hit a record high in June, evidence of a fading recovery that risks leaving the global economy underpowered.