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GE Vernova hits record high on bullish 2026 revenue outlook, buyback boost

GE Vernova hits record high on bullish 2026 revenue outlook, buyback boost

By Yagnoseni Das Dec 10 (Reuters) - Shares of GE Vernova surged to a record high on Wednesday after the power-equipment maker forecast higher revenue for 2026 and raised its buyback program by $4 billion.
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Bezos' Blue Origin working on orbital data center technology, WSJ reports

Bezos' Blue Origin working on orbital data center technology, WSJ reports

Dec 10 (Reuters) - Jeff Bezos' aerospace firm Blue Origin has been working for over a year on the necessary technology for artificial intelligence data centers in space, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter.
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Lazard CEO says a Washington strategy now essential to get deals done

Lazard CEO says a Washington strategy now essential to get deals done

By Manya Saini and Tatiana Bautzer NEW YORK, Dec 10 (Reuters) - Lazard CEO Peter Orszag said on Wednesday dealmakers now need to have a Washington "White House or Cabinet-level strategy" to be able to complete transactions. 
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Hinge CEO Justin McLeod to leave company, Match Group says

Hinge CEO Justin McLeod to leave company, Match Group says

Dec 9 (Reuters) - Match Group said on Tuesday that Hinge founder and CEO Justin McLeod will step down to launch Overtone, an AI-powered dating venture backed by the company. Jackie Jantos, currently Hinge's president and chief marketing officer, will take over as CEO.
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PepsiCo looking to review supply chain amid talks with Elliott Management, Bloomberg News reports

PepsiCo looking to review supply chain amid talks with Elliott Management, Bloomberg News reports

Dec 8 (Reuters) - Beverages giant PepsiCo is planning to review its North American supply chain as it engages with activist investor Elliott Management, Bloomberg News reported on Monday citing people familiar with the matter.
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Exclusive-Wikipedia operator taps former US Ambassador to Chile for CEO role

Exclusive-Wikipedia operator taps former US Ambassador to Chile for CEO role

By Deborah Mary Sophia Dec 9 (Reuters) - Wikimedia Foundation, the operator of Wikipedia, on Tuesday named Bernadette Meehan its chief executive officer, tapping an administrator with deep policy expertise and federal government experience to lead the online encyclopedia.
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US solar installations jump 49% in third quarter, report says

US solar installations jump 49% in third quarter, report says

Dec 9 (Reuters) - The U.S. solar industry installed 11.7 gigawatts of new solar capacity in the third quarter, a jump of 49% sequentially, a study by the Solar Energy Industries Association and Wood Mackenzie showed on Tuesday.
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Oracle's OpenAI reliance faces scrutiny as debt-fueled AI buildout raises worries

Oracle's OpenAI reliance faces scrutiny as debt-fueled AI buildout raises worries

By Aditya Soni Dec 9 (Reuters) - Months after Oracle's $400 billion-plus contract backlog ignited a stock-market frenzy, the enthusiasm has given way to doubts about its reliance on OpenAI and debt-fueled datacenter buildout, which will dominate its earnings on Wednesday.
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Nvidia shares gain as Trump allows some AI chip sales to China

Nvidia shares gain as Trump allows some AI chip sales to China

By Kanchana Chakravarty Dec 9 (Reuters) - Nvidia shares rose 1.7% in U.S. premarket trading on Tuesday after President Donald Trump said he will allow the sale of its H200 chips to approved Chinese customers, easing concerns over access to one of its biggest markets.
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Graphic Packaging Announces Leadership Transition with Robbert Rietbroek as New CEO

Graphic Packaging Announces Leadership Transition with Robbert Rietbroek as New CEO

Graphic Packaging Announces Leadership Transition with Robbert Rietbroek as New CEO
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Brookfield and Qatar launch $20 billion AI infrastructure joint venture

Brookfield and Qatar launch $20 billion AI infrastructure joint venture

DUBAI/LONDON, Dec 9 (Reuters) - Brookfield and Qai, an artificial intelligence company owned by Qatar's sovereign wealth fund, have formed a $20 billion joint venture to develop artificial intelligence infrastructure in Qatar and select international markets, the two groups said Tuesday.
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Campbell's beats sales estimates on resilient demand for packaged food products

Campbell's beats sales estimates on resilient demand for packaged food products

Dec 9 (Reuters) - Campbell's Co beat Wall Street estimates for first-quarter sales on Tuesday, helped by resilient demand for its canned soups and ready-to-eat meals as consumers opt to eat more at home amid economic uncertainty.