business
McKinsey Keeps a Lid on Size of New Partner Class
The consulting firm’s 224 newly elected partners reflect an uptick from 2024 but the group remains among the smallest in recent years. Source link
Nokia to Reposition With Focus on AI Market
The company plans to accelerate growth in AI and cloud services, while developing new technology incorporating AI into next-generation mobile networks. Source link
Adobe Nears $1.9 Billion Deal for Software Provider Semrush
Semrush helps businesses from Amazon to TikTok with search-engine optimization and marketing. Source link
Lowe’s Sales Rise, Boosted by Growth in Pro Builder Business
Lowe’s reported higher third-quarter sales as continued growth in its business supplying professional builders helped it to offset weakness in the home improvement market. Source link
Paramount Is the Only Logical Winner in the Three-Horse Race for Warner
The company has the strongest motivation and resources to get a deal done. Source link
Sage Group Launches $394 Million Buyback After Profit, Revenue Rise
The software company outlined a buyback program of up to $394 million after it reported higher pretax profit and revenue, boosted by growth in key markets. Source link
Kuaishou Profit Tops Estimates, Boosted by AI Technology
China’s second-largest short-video platform has been spending big on artificial intelligence as competition heats up. Source link
WH Smith CEO Resigns After Accounting Review Finds Issues in North America Unit
Chief Executive Carl Cowling resigned after a review by Deloitte identified accounting issues at its North America unit. Source link
Elon Musk’s xAI in Advanced Talks to Raise $15 Billion, Lifting Valuation
Like other AI startups, xAI is burning cash as it seeks to improve its flagship Grok chatbot. Source link
La-Z-Boy Second-Quarter Sales Rise on Retail, Wholesale Growth
Chief Executive Melinda Whittington said La-Z-Boy is gaining momentum in what remains a choppy landscape, and expects efforts to grow the company’s retail store footprint will position it to benefit when overall industry volumes rebound. Source link