business
Rick Perry’s Nuclear Ambitions Begin With Gas Power
Fermi, a buzzy startup that recently went public, is positioned to benefit from the AI data-center boom and a potential nuclear-power renaissance. Source link
BP Raises Full-Year Divestment Expectations After Results Beat Views
The energy company posted better-than-expected profit despite a weaker contribution from its oil trading division. Source link
Telefonica to Halve 2026 Dividend; Targets Steady Growth
The telecom said it plans to deliver steady revenue and earnings growth in coming years, as it aims to expand its digital services and gain exposure to defense markets. Source link
AB Foods Mulls Separation of Primark, Food Businesses
The group expects a lower adjusted operating margin for its Primark business in the year ahead after a slowdown in sales at the clothing retailer. Source link
Hugo Boss Expects Sales, Earnings at Lower End of Guidance Amid Economic Volatility
Sales for the year are seen at the lower end of its $4.84 billion-$5.07 billion forecast and the apparel company plans to provide an update of its growth strategy in December. Source link
Major Tesla Investor Rejects Elon Musk’s $1 Trillion Pay Deal
Norway’s sovereign-wealth fund is the first major institutional investor to disclose how it voted on the chief executive’s pay package. Source link
The CEO Behind Kimberly-Clark’s $40 Billion Gamble on Tylenol Maker
Mike Hsu aims to stoke the consumer company’s growth by veering into Kenvue’s higher-margin but risky health products. Source link
What Happened When Small-Town America Became Data-Center, U.S.A.
Business is surging for contractors and bars. Out-of-town workers are flooding hotels and RV parks. Cash is flooding into government coffers. But the newfound prosperity comes with costs. Source link
Starbucks to Sell Stake in China Business
The coffee giant is planning a joint venture with private-equity firm Boyu Capital for its more than 8,000 stores. Source link
Palantir Revenue Climbs to Another Record as Defense Work Booms
The company said its sales were $1.18 billion in the third quarter for a year-over-year growth rate of 63%. Source link