UPS Offers Buyouts to Drivers, a First in Its 117-Year History
The company is cutting costs because of flat parcel volumes, rising labor costs and a long stock-price slide.
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JPMorgan Is Revamping Its Bank for the Superrich to Cater to Global Clientele
David Frame is named global head of the private bank, helping deep-pocketed clients invest more abroad.
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Starboard Takes 9% Stake in Tripadvisor
The travel-review company’s shares have fallen after it rejected takeover offers last year.
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Apollo-Backed Athora Buys U.K. Insurer for $7.8 Billion
The acquisition of Pension Insurance Corp. would effectively turn the specialist insurer into Athora’s U.K. insurance business.
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Meta Offers to Buy Stake in Venture Funds Started by AI Hires Nat Friedman and Daniel Gross
Limited partners could cash out of a minority of their holdings in venture firm NFDG at current values in a secondary deal with Meta.
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Thoma Bravo to Take Olo Private in $2 Billion All-Cash Deal
Olo shareholders will receive $10.25 a share, a 65% premium over the share price prior to deal speculation. Shares jumped on the announcement.
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Krispy Kreme Finance Chief Jeremiah Ashukian Leaving
Krispy Kreme’s top finance executive, Jeremiah Ashukian, is leaving the doughnut maker to pursue an opportunity with a private company.
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Airbus, ASML, Mistral Ask EU to Pause AI Rules
CEOs said the bloc’s ability to become a leader in nascent AI is being disrupted by overlapping and complicated regulations.
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Tesla Is in Disarray. Musk Has Already Moved Beyond Caring About Cars.
The electric-vehicle maker has an aging lineup and slumping sales, but its CEO has shifted his focus to robotaxis and robots.
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Gold Reserve Emerges as Top Bidder for Venezuela’s Citgo
A court-appointed special master recommended a bid backed by Gold Reserve and Koch over a rival hedge-fund offer.
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U.S. Eases Some Chip Software Curbs on China
The U.S. has lifted some curbs on exports of chip-design software to China, according to three companies that say they are working to restore access to recently restricted products.
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Advanced Micro Devices CEO to Get Raise, $33 Million Equity Award
All of the five AMD executives included in the securities filing are getting a raise between 3% and 5%.
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Tech Earnings Are Around the Corner. Keep an Eye Out for These Themes.
All of the Magnificent Seven companies, except for Nvidia, are expected to report their next set of financial results at the end July.
(END) Dow Jones Newswires
July 03, 2025 15:15 ET (19:15 GMT)
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