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One Equity Investigated by SEC

July 18, 2023 / no comments

The Securities and Exchange Commission is investigating whether private-equity firm One Equity Partners’ communications with investors about its past and future performance violated rules.

Oddity Prices Closely Watched IPO Above Expectations

July 18, 2023 / no comments

Beauty company sells more shares than planned, signaling investors may be ready to write checks for new companies again.

Angelo Mozilo, Whose Mortgage Giant Fell in Housing Bust, Dies at 84

July 18, 2023 / no comments

He built Countrywide Financial into the country’s largest mortgage lender, but its increasingly risky loans helped precipitate the 2008 financial crisis.

Thousands of Authors Ask AI Chatbot Owners to Pay for Use of Their Work

July 18, 2023 / no comments

James Patterson and Margaret Atwood are among writers who have joined the call for compensation.

U.S. Blacklists Two Spyware Firms Run by an Israeli Former General

July 18, 2023 / no comments

The moves by the Commerce Department against the Europe-based firms are the latest effort to rein in a spyware industry that has spiraled out of control in recent years.

Meta, Microsoft Team Up to Offer New AI Software for Businesses

July 18, 2023 / no comments

The Meta AI model, dubbed Llama 2, will be free and available to developers building software on Microsoft’s Azure cloud-computing platform.

Gucci CEO Marco Bizzarri Is Stepping Down

July 18, 2023 / no comments

The fashion label’s owner, the Kering group, unveiled a new roster of executives as it tries to begin a new chapter and leave the shadow of its rival, LVMH.

Stocks Extend Winning Streak as Bank Earnings Spur Optimism

July 18, 2023 / no comments

U.S. indexes were boosted by lenders’ results as well as artificial-intelligence related companies such as Microsoft and Nvidia.

Recession worries are fading for many businesses. But one number isn’t budging.

July 18, 2023 / no comments

The first half of 2023 was stronger than many anticipated, and recession worries are fading. But one number isn’t budging.

Hollywood Directors Stand Apart From Actors’ and Writers’ Strikes

July 18, 2023 / no comments

Their union agreed to a deal with the studios last month. With actors and writers on strike, the industry is shut down anyway.

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