UBS Launches Buyback of Up to $2 Billion
The buyback program delivers on UBS’s plans to hand money back to shareholders after the Swiss government proposed tougher capital rules for the bank earlier this month.
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Avadel Shareholder Seeks Ousting Drugmaker’s Entire Board
ASL Strategic Value Fund wants the narcolepsy drugmaker to retain investment bankers and consider a sale.
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Delta Air Lines Works to Recover After Storms Snarl Weekend Travel
Rough weather struck the carrier’s Atlanta hub. Airlines have canceled more than 2,800 U.S. flights since Friday.
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Goldman Sachs Scraps Plans to Build Hotel Brand in Greece
The firm had big ambitions for three resorts with views of the Aegean Sea. It recently sold the properties, barely breaking even.
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KKR to Sell Stake in Indian Pharma Company for $1.4 Billion
The private-equity firm has agreed to sell its entire stake in India-listed J.B. Chemicals & Pharmaceuticals to Torrent Pharmaceuticals.
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Your Next Cruise to Mexico Could Cost More. Here’s Why.
A new passenger tax goes into effect on July 1 as the government negotiates with Royal Caribbean and other companies.
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Don’t Be So Fast to Welcome a Company’s Share Buyback Program
Who do buybacks really benefit? Hint: It’s not primarily the companies that repurchase their own shares, according to a new study.
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Menlo Ventures in Market for Next Set of Funds With AI Focus
The investor in Anthropic and other AI companies is raising about $1.5 billion for new venture funds.
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The Mysterious Billionaire Behind the OnlyFans Porn Empire
Leo Radvinsky is asking as much as $8 billion for the pornography-fueled subscription site he popularized, even as he personally avoids the spotlight.
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The 33-Year-Old Meat Heir Feeding America’s Protein Obsession
JBS overcame scandal to finally secure a listing on the NYSE. Is Wesley Batista Filho ready to be the third generation of family leaders?
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Saks Secures Financing and Plans to Make Debt Payment Monday
Owner of Saks Fifth Avenue and Neiman Marcus is expected to ask bondholders excluded from the financing to take a haircut.
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It’s Known as ‘The List’-and It’s a Secret File of AI Geniuses
Only a select few researchers have the skills for the hottest area in tech. Mark Zuckerberg and his rivals want to hire them-even if it takes pay packages of $100 million.
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Caesars Palace Times Square Submits Casino Proposal
Caesars Entertainment, SL Green Realty and Jay-Z’s Roc Nation have been working on the plan, which also includes Live Nation.
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Couche-Tard’s Bid for 7-Eleven Parent Looking Less Likely
Couche-Tard Chief Executive Alex Miller has said he believes the deal can clear regulatory hurdles. But some see scrapping the potential acquisition would allow Couche-Tard to focus more on its operations.
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SoftBank’s Founder Lays Out Vision to Be No. 1 in Artificial Superintelligence
SoftBank’s investment plans have come under scrutiny as Japan tries to close a deal with the Trump administration.
(END) Dow Jones Newswires
June 30, 2025 03:15 ET (07:15 GMT)
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