Canada's Big-Tobacco Settlement Finalized, Ending Decadeslong Litigation
Units of Philip Morris, British American Tobacco and Japan Tobacco will pay $22.7 billion to settle all smoking-related lawsuits in Canada.
Walgreens Goes From $100 Billion Health Giant to Private-Equity Salvage Project
Sycamore's deal to take Walgreens private follows the storied chain's decline amid e-commerce and health-industry changes.
Blackstone Raises Largest Commercial Property Debt Fund With $8 Billion Haul
The fund took two years to build and will be active in North America, Europe and Australia.
Universal Music Shares Rise on Subscription Revenue Beat
Stock in the record label behind Taylor Swift rose after revenue from subscriptions and streaming grew 5.6%.
U.S. Likely to Ban Chinese App DeepSeek From Government Devices
The White House is weighing measures to restrict the artificial-intelligence upstart, including banning its chatbot from government devices.
ESPN Cements Stephen A. Smith's Star Status With $100 Million-Plus Contract
The five-year deal for the "First Take" commentator bucks the trend of pay cuts across cable networks.
Broadcom Earnings and AI Strength Should Win Over a Tougher Crowd
Revenue from the company's custom AI chips is soaring, with more potential customers in the pipeline.
Salvatore Ferragamo's Shares Plunge
Shares in the luxury fashion firm tumbled as the company continues to struggle with a brand revamp strategy.
Tesla's Fortunes Fall as Musk Rises in Trump World
The CEO's politics have eroded the brand's appeal among some buyers of electric vehicles, surveys indicate. "I used to idolize the guy," said one Tesla driver who wants to get out of his lease.
Australia's Insignia Opens Books to Bain After $2.1 Billion Proposal
Bain Capital will get a look at Insignia Financial's books after it sweetened its offer for the Australian wealth manager to about US$2.12 billion.
(END) Dow Jones Newswires
March 07, 2025 11:00 ET (16:00 GMT)
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