J.M. Smucker Sales Decline, Swings to Loss
J.M. Smucker, the maker of Folger's coffee, Jif peanut butter and Smucker's jams posted lower sales and swung to a loss in its latest quarter.
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United Natural Food Lowers Profit Outlook
United Natural Foods, a major food distributor for Whole Foods, cut its profit outlook for the year, a move it said reflects costs and charges associated with exiting a customer contract and optimizing its distribution network in the Northeast.
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DSW Store Chain Owner Pulls Outlook as Sales Fall
Designer Brands withdrew its outlook for the year, citing persistent instability and pressure on discretionary spending.
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Uber, Wayve to Test Self-Driving Vehicles in London
The companies said they would launch public-road trials of fully autonomous vehicles in the U.K. capital as part of Uber's pans to bring the technology to Europe.
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Daimler Truck and Toyota to Merge Japanese Truck Units
Daimler's Mitsubishi Fuso and Toyota's Hino Motors will be combined under a new holding company and listed on the Tokyo Stock Exchange's prime market.
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IBM Has a Roadmap to a 'Fault-Tolerant' Quantum Computer by 2029
The powerhouse computers can be sensitive and error-prone. Now, IBM is offering some details on how it will overcome those problems and build a first-of-its-kind quantum computer.
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Apple Fails to Clear a Low Bar on AI
The company's hardware-first business model is putting it at a disadvantage in the AI age.
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Tech Industry Fights to Save Clean-Energy Tax Credits
Microsoft and Google have been leading backers of technologies such as solar projects and battery storage.
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Huawei Founder Dismisses U.S. Export Control Concerns
U.S. chip restrictions won't have an impact on Huawei Technologies, its founder has said, dismissing concerns that it will be squeezed by export controls.
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Warner Bros. Discovery Seeks Ban on Creditor Cooperation in Corporate Split
The entertainment company included an 'antiboycott' requirement for bondholders while seeking to split into two public businesses.
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Ad Forecaster Cuts Industry Outlook as Trade Upheaval Risks 'Chilling Effect'
WPP Media now sees global ad industry growth of 6% for this year, down from its prior forecast of 7.7%, excluding U.S. political spending.
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Disney to Pay NBCUniversal Another $438.7 Million for Hulu Stake
Disney had estimated the value to be around $27.5 billion, while Comcast was looking for at least $40 billion. If Comcast's side had won out, Disney would be looking at an additional payment of about $5 billion.
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FTC Seeks Information From Top Advertising Agencies as Part of Ad-Boycott Probe
Among firms that received requests are Omnicom, WPP, Dentsu, Interpublic and Publicis.
(END) Dow Jones Newswires
June 10, 2025 09:00 ET (13:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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