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How IPOs could change the AI game

HOW IPOS COULD CHANGE THE AI GAMEAI is booming, and that has put IPOs from sector heavyweights on the horizon. On the one hand, that’s an exciting prospect. But, it could also lead to some big changes, according to Adrian Cox, research analyst at Deutsche Bank Research Institute.In a note, he point…

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General Mills beats fourth-quarter profit and sales estimates

General Mills NYSE:GIS beat fourth-quarter profit and sales estimates on Wednesday, as an increase in consumers choosing to eat at home over dining out boosted demand for the Cheerios maker's pantry staples and breakfast cereals.The company's shares, which have declined 25% so far in 2026, were up…

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General Mills Q4 sales, adjusted EPS beat estimates

OverviewOutlookResult DriversCompany press release:Key Details*Applies to a deviation of less than 1%; not applicable for per-share numbers.Analyst CoverageFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.supp…

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Kroger to buy retailer Giant Eagle in a $1.65 billion deal

Kroger NYSE:KR said on Wednesday it would buy supermarket chain Giant Eagle in a $1.65 billion deal, as it looks to scale amid intense competition in the grocery sector.Dealmaking in the consumer industry, including food, beverage, personal care, pet products and health, has been robust. Companies…

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Indian firms pivot to short-term debt as funding costs crash in June

By Dharamraj DhutiaIndian companies increased the issuance of bonds maturing in five years or less in June, as the yields on such notes crashed after the central bank announced a raft of dollar-attracting measures that reduced the cost of funds.Firms raised over 1 trillion rupees ($10.50 billion) t…

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UK's National Grid to invest $1.75 billion in US-based Joulent

Britain's National Grid LSE:NG. said on Wednesday it would invest $1.75 billion for a 35% stake in Joulent, a U.S. energy platform developing power infrastructure for data centres, betting on the booming AI-driven power market.

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Nigeria's unreported spending equals 2% of GDP, IMF official says

Nigeria had about 2% of GDP worth of public spending not recorded in recent official budgets, creating a gap between its reported deficit and actual financing needs, IMF resident representative in Nigeria Christian Ebeke said on Wednesday.

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General Mills beat fourth-quarter profit estimates 

General Mills NYSE:GIS beat fourth-quarter profit estimates on Wednesday, as an increase in consumers choosing to eat at home over dining out boosted demand for the Cheerios maker's pantry staples and breakfast cereals.On an adjusted basis, the company posted a quarterly profit per share of 95 cent…

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