Intel’s stock is rising as Trump suggests a path forward after CEO’s White House visit
Tensions seem to be easing between Intel’s Lip-Bu Tan and Trump, who days ago called for the CEO’s firing but now praises for his “amazing” success story.
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BigBear Stock Craters on Massive Earnings Miss
The company blamed cuts in federal contracts for its disappointing results.
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Eastman Kodak Raises Doubt About Ability to Pay Debt
Eastman Kodak swung to a second-quarter loss and warned about its ability to pay its current debt obligations, as it attempts to find savings by terminating its retirement pension plan.
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Bain Considers Late 2025 IPO of Bob’s Discount Furniture
The private-equity firm is looking to hire bankers to work on the deal.
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USA Rare Earth Sees Surge in Customer Interest
The mining and magnet company said it has signed 12 memorandums of understanding and joint defense agreements to date, representing potentially 300 tons of annual production with customers in the aerospace and defense, data center and automotive sectors.
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Albemarle Names New COO, Restructures as Lithium Market Struggles
The lithium and bromine producer aims to boost its agility and efficiency amid an increasingly dynamic market.
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U.S. Steel Plant Explosion Kills at Least One Person, Injures 10
Health officials advise residents living near Clairton, Pa., facility to remain indoors.
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Ford’s Answer to Cheap Chinese EVs Starts With a $30,000 Electric Pickup
The automaker said it would spend $2 billion to overhaul a Louisville, Ky., factory to build a new line of affordable, high-tech EVs, and it aims to launch the pickup in 2027.
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Nvidia, AMD to Give U.S. 15% Cut on AI Chip Sales to China
The unusual arrangement follows Nvidia CEO Jensen Huang’s meeting with President Trump.
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GitHub CEO Dohmke to Depart Microsoft
The chief executive officer of Microsoft’s coding unit plans to stay on through the end of 2025 before departing to become a startup founder once again.
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Skydance’s Paramount Lands UFC Rights in $7.7 Billion Deal
Under the seven-year deal, UFC fights will be streamed on Paramount+ and select bouts will be simulcast on CBS.
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Rare-Earth Magnet Maker Raises $65 Million in Push to Counter China
Vulcan Elements says Brad Gerstner’s Altimeter led the funding round, which comes as China tightens exports of critical minerals.
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Barrick Lifts Dividend After Profit Climbs
The Canadian miner will add a performance payout after improved production for the period kept it on track to hit its output targets for the full year.
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AMC Posts Narrower Loss as Sales Surge
AMC Entertainment narrowed its second-quarter loss as revenue jumped, fueled by a rebound in the box office and the chain’s emphasis on premium moviegoing experiences.
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EU Clears $4.8 Billion Prosus-Just Eat Deal With Conditions
The European Commission approved the merger after the Naspers subsidiary offered concessions to ease competition concerns.
(END) Dow Jones Newswires
August 11, 2025 19:15 ET (23:15 GMT)
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