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Exxon Quits Drilling in Brazil After Failing to Find Oil
WSJ News Exclusive Business Oil giant has spent billions on the offshore campaign and hasn’t ruled out other projects in the country Source link
FedEx Combines Ground and Express Delivery Networks
The company’s push for efficiency is unwinding the operating strategy led by founder Fred Smith. Source link
The New Rules of Layoffs
Call people in or close the office like McDonald’s? Midweek or Friday? Executives weigh the best way to let people go. Source link
China's New Weapon: Dragging Its Feet on Deals Involving American Companies
Beijing has slowed down antitrust reviews of proposed deals by American firms, people close to the process say. Source link
Who Owns SpongeBob? AI Shakes Hollywood's Creative Foundation
Artificial-intelligence tools raise questions about intellectual property rights that are under scrutiny by courts and entertainment executives Source link
GM Says 5,000 White-Collar Workers to Depart Through Buyouts
The auto maker initiated the reduction as part of an effort to cut $2 billion in costs by the end of 2024. Source link
Richard Branson’s Space Company Virgin Orbit Files for Bankruptcy
Markets Finance The company says it is working toward finding a buyer for a once star player in the billionaire’s portfolio Source link
Ukraine Farms Attract Money and Help From Allies, Top Food Companies
The actions mark an early push by Kyiv’s allies to rebuild the country even as the war with Russia shows little sign of ending soon.
Tesla Ordered to Pay More Than $3 Million in Racial Harassment Case
Business Case was presented to a second jury after a judge reduced original damages award Source link
KFC, Other Chains Hunt for Elusive 4-Pound Chicken
A shortage of small-breasted chickens has been raising costs at fast-food restaurants. Source link