A Banker’s £5,900 Fare Fraud Ends in a Lifetime Ban
For nearly a year, the routine did not change. Each weekday morning Joseph Molloy boarded a Southeastern Railway train at Orpington, the commuter town in southeast London where he lived,…
BT Steps In to Rescue a Struggling Rival
For months, TalkTalk’s owners tried to sell the British broadband provider piece by piece, and for months nobody would meet the price. On October 5, BT ended the search, agreeing…
Anthropic’s Public Filing Is Still Missing as Its IPO Window Opens
The calendar says October. The Securities and Exchange Commission’s filing system, so far, says nothing from Anthropic. As of October 4, the artificial-intelligence company had not yet posted a public…
Schneider Electric’s $22.6 Billion Bet on Industrial Software
Schneider Electric’s shareholders delivered their verdict within hours of the announcement. The French industrial group’s shares fell as much as 7% on Monday after it said it would pay about…
Nike’s Sales Slip as Jordan Brand and Apparel Lines Soften
Nike closed its first fiscal quarter with a number it did not want to show the market. Sales came in at $11.2 billion for the three months ended August 31,…
U.S. Exchanges Add Overnight Sessions in December
At 11 p.m. on a December evening, an investor in Hong Kong will be able to send an order to the Nasdaq and see it filled before most of New…
Salesforce Reaches a Deal for Listen Labs
Listen Labs started with a question its founders could not answer with a survey. After an app the two co-founders built picked up 20,000 users overnight, they wanted to know…
Hollywood’s New Giant Takes the Name Skydance
David Ellison built the name Skydance over two decades, starting with a film and television production company he founded in the mid-2000s. On October 2, he put that name on…
Oracle Absorbs $300 Million in Nuclear Costs to Shield Wisconsin Ratepayers
The Point Beach nuclear plant has been producing electricity on the shore of Lake Michigan for more than fifty years. The power from its two reactors is about to get…
Broadcom Leads a $60 Billion Debt Push to Pay for Anthropic’s Chips
The bill for Anthropic’s artificial-intelligence chips is large enough to need its own financing, and now Wall Street is putting the package together. Banks led by Broadcom have begun raising…
