OpenAI Scraps Sora App in Continued Push to Focus on Coding and 'Agent' Tools
The app, released last year, allowed people to insert themselves into famous movie scenes, among other functions.
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Meta Names New Leader of Push to Adopt AI Throughout Its Workforce
Andrew Bosworth, Meta's chief technology officer, will oversee the company's "AI For Work" initiatives as focus shifts away from the metaverse.
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GameStop Sales Fall Amid Continued Retail Troubles, Bitcoin Value Decline
The videogame retailer said sales of hardware, accessories and software declined, while collectibles revenue rose.
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KB Home Cuts Guidance as Middle East Instability Adds to Homebuyers' Caution
The home builder said it now expects housing revenues of $4.80 billion to $5.50 billion for the full year as challenging housing market conditions persist.
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United to Add Over 250 Planes in Next Two Years as Part of Premium Push
United will add more than 250 planes over the next two years with a particular focus on boosting premium capacity.
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Dollar General Hires Ahold's Fleeman to Succeed Vasos as CEO
Dollar General has tapped Ahold Delhaize veteran Jerry "JJ" Fleeman Jr. to succeed Todd Vasos as chief executive of the discount retailer, effective Jan. 1, 2027.
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FedEx Unveils 'SameDay Local' Faster Delivery Service
Shoppers will be able to choose two-hour or end-of-day delivery directly at checkout.
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Trian, General Catalyst Poised to Win Janus Henderson Bidding War After Victory Capital Bows Out
Trian Fund Management and General Catalyst increased the value of their agreement to buy Janus Henderson following another rival bid from Victory Capital.
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Edmond de Rothschild Offices Raided in Probe of Epstein Associate
French authorities are investigating a former French diplomat who used to work at the bank.
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Smithfield Foods Sales Rise on Strong Pork Demand
The company posted fourth-quarter net income of $327 million, up from $204 million the year prior.
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Bank of Montreal Plans Tokenized Cash Platform
Bank of Montreal plans to launch tokenized cash capabilities that will allow institutional clients to move funds securely at all times.
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Puig Leaps on Potential Estee Lauder Merger
The stock surged after the company and Estee Lauder confirmed they were in talks over a possible merger, which would combine two of the world's biggest beauty companies.
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Apollo to Acquire Nippon Sheet Glass in $3.7 Billion Deal
The deal is Apollo Global Management's largest private-equity investment in Japan to date.
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SK Hynix to Buy $8 Billion of ASML EUV Equipment
The South Korean chip maker is ramping up its advanced-chip production capability in response to surging demand fueled by artificial intelligence.
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Xiaomi Quarterly Profit Falls Amid Rising Memory Costs
Xiaomi reported a slump in quarterly net profit, caught between soaring memory-chip prices and subdued consumption in one of the world's largest consumer markets.
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Revolut Reports Jump in Profit as Customers Stream In
The digital bank posted record annual profits and a surge in its customer numbers, cementing its $75 billion valuation as it expands aggressively.
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Tesla Sales Rebound in Europe After Monthslong Slump
Tesla notched its first increase in European monthly sales in more than a year, a boost for the EV maker as it faces competition from Chinese auto giant BYD to win over customers.
(END) Dow Jones Newswires
March 24, 2026 17:00 ET (21:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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