By Jessica CoacciHiring by private sector employers in June continued to grow slightly below expectations, human-resources company ADP said.Private companies added a net 98,000 jobs in June after adding 122,000 jobs in May, ADP said Wednesday morning. Economists polled by the Wall Street Journal ex…
By Katherine HamiltonAdeia filed a patent-infringement lawsuit against FuboTV, claiming the streaming platform infringed on four U.S. patents in the company's media intellectual property portfolio.Adeia, which patents technologies and licenses them to media companies, said Wednesday it is open to a…
By Katherine HamiltonCoca-Cola is becoming Marriott International's official beverage partner, ousting PepsiCo as the hotel chain's longstanding drink of choice.Marriott guests will start seeing Coca-Cola's brands across guestrooms, restaurants, lounges and events via a phased rollout starting Wedn…
By Katherine HamiltonTransocean signed an agreement with Equinor to use three of its harsh environment submersible rigs on the Norwegian shelf.The deal is worth more than $1 billion in contract backlog over seven rig years, excluding additional services, the offshore drilling company Transocean sai…
By Freddy SebastianKlarna Group said a Swedish court has awarded $1.97 billion in damages to its PriceRunner unit, stemming from an antitrust case against Google.Klarna said the award compensates for lost revenue which it said was due to Google favoring its own comparison-shopping service over inde…
By Katherine HamiltonS&P Global said it completed the spinoff of its mobility division.The new public company is called Mobility Global and starts trading Wednesday on the New York Stock Exchange under the ticker MBGL.S&P Global stockholders received one share of Mobility Global for every share of…
By Katherine HamiltonCoca-Cola is becoming Marriott International's official beverage partner.Marriott guests will start seeing Coca-Cola's brands across guestrooms, restaurants, lounges and events via a phased rollout starting Wednesday and continuing over the next several months.The move is an ef…
By Adam WhittakerThe U.K.'s National Grid agreed to invest $1.75 billion in U.S. integrated power solutions company Joulent as it seeks to capitalize on the country's rapidly growing energy needs.In return, National Grid will get a 35% stake in Joulent, which is developing contracted power generati…
By Joe StonorRheinmetall led German defense stocks higher Wednesday after a report said that Germany is pushing to partner with the U.S. to build more weapons domestically.Shares in the German defense company jumped 5.7% to 1046.6 euros, while Munich-based Hensoldt gained 4.1%. Renk and MTU Aero En…
By Ed FranklCooling energy prices helped push eurozone inflation lower in June, increasing the likelihood that the European Central Bank will hold rates steady later this month after raising them at its last meeting.Inflation in the 21-nation currency area fell to 2.8% from 3.2% in May, the first d…
By Joe StonorASOS shares jumped after the online fashion retailer said it sold a mothballed Atlanta warehouse for about $63 million, extending the group's efforts to buttress its balance sheet.Shares rose 6.9% to 308 pence in late-morning European trading, lifting ASOS to a five-month high. The sto…
By Ed FranklCooling energy prices helped push eurozone inflation lower in June, increasing the likelihood the European Central Bank will refrain from raising its key interest rate for a second meeting in a row later this month.Inflation in the 21-nation currency area fell to 2.8% from 3.2% in May…
By Edith HancockThe U.K.'s competition watchdog said it would fast-track an in-depth investigation into Nexfibre's acquisition of Netomnia parent Substantial Group, which was valued at 2 billion pounds ($2.65 billion) including debt."We requested a fast-track to Phase 2 to get to the right answer f…
By Jessica CoacciU.S. based employers announced 45,849 job cuts in June, down 53% from 97,006 cuts announced in May, according to a report from the global outplacement and executive coaching firm Challenger, Gray & Christmas.Employers in the technology sector led the decline with 15,503 staff reduc…
By Ed FranklCooling energy prices helped push eurozone inflation lower in June, increasing the likelihood the European Central Bank will refrain from raising its key interest rate for a second meeting in a row later this month.Inflation in the 21-nation currency area fell to 2.8% from 3.2% in May…
By Miriam MukuruThe U.K.'s Debt Management Office sold 1.25 billion pounds ($1.66 billion) in August 2031-dated, index-linked gilts at an auction on Wednesday, it said.The following are results of the auction, with amounts in pounds. Figures in brackets are data from the previous auction, held on M…
By Dow Jones Newswires StaffU.S. stock futures pointed down in early European trade, as global equities looked set to kick off the second half of the year in the red.After notching the best quarter in six years, U.S. equities lost steam as traders upped bets for further interest-rate hikes this yea…
By Amanda LeeOversea-Chinese Banking Corp., Southeast Asia's second-largest lender, plans to ramp up hiring even as it adopts artificial intelligence, betting that a combination of both will be the winning formula for growing its wealth business.The Singapore lender plans to add 600 relationship ma…
By Adria CalatayudGalderma shares fell after the Swiss skincare specialist failed to obtain approval from the U.S. Food and Drug Administration for its latest product to rival AbbVie's Botox for the second time.Shares in Galderma were down 5.6% in European morning trading Wednesday, leaving the sto…
By Kosaku NariokaSoftBank Group has invested an additional $10 billion in OpenAI Group as part of its previously announced $30 billion investment plan.The Japanese technology investment company said Wednesday that it borrowed $10 billion under a bridge facility agreement to fund the second tranche…