Starbucks Sets 2% Raises for Corporate Workers
The coffee giant is in the midst of a turnaround. “We need to carefully manage all of our other costs.”
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Trump Administration Weighs 10% Stake in Intel to Help Bolster Chip Maker
Money earmarked for the semiconductor company under the Chips Act could be converted into equity.
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CoreCivic Names Swindle CEO, Succeeding Hininger
The detention facility operator named Patrick Swindle as its next chief executive officer, succeeding long-time executive Damon Hininger, who will continue at the company under a transition agreement.
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Palo Alto Networks’ Founder Retires as Technology Chief
The company said that Nir Zuk has also stepped down as a board member and will be succeeded as CTO by Chief Product Officer Lee Klarich, who has been appointed to the board.
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Union Pacific Ordered to Pay Damages for Retaliating Against Worker
Federal regulators ordered Union Pacific to pay punitive damages of $150,000 to a worker who was fired after reporting a work-related injury.
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Air Canada Flight Attendants Union to Disobey Second Back-to-Work Order
Union leaders for Air Canada’s flight attendants face fines and criminal charges after defying a second order from Canada’s federal labor board to end their “unlawful” strike.
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Newsmax Settles Dominion’s Defamation Lawsuit for $67 Million
Dominion accused Newsmax of airing false reports that the voting-machine company helped rig the 2020 U.S. presidential election.
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FDA Approves Novo Nordisk’s Wegovy for Liver Disease
Novo Nordisk shares climbed after the U.S. Food and Drug Administration approved a new indication for the Danish drugmaker’s blockbuster Wegovy medicine to treat a serious fatty liver disease.
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Google Lifting Stake in TeraWulf With Additional $1.4 Billion Backstop
Google is lifting its stake in TeraWulf, supporting the bitcoin miner and artificial intelligence-computing company’s expansion of its Lake Mariner data center campus in Western New York.
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BlueScope Steel Studying Whether It Could Buy More U.S. Growth
Expanding in the U.S. has been part of a strategy plotted by BlueScope Steel to diversify from its home market of Australia.
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Sentinel Capital Partners to Sell HVAC Division of NSI Industries for $550 Million
Lennox International has agreed to acquire the division.
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Amphenol to Buy Trexon From Audax Private Equity for $1 Billion
Amphenol has struck a deal to buy Trexon, a provider of interconnect and cable assemblies for the defense market, from Audax Private Equity for about $1 billion in cash.
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How Crocs Conquered China
Fans flocked to the U.S. brand after it discovered the secrets of Chinese tastes.
(END) Dow Jones Newswires
August 18, 2025 17:15 ET (21:15 GMT)
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