Business
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Drought That Snarled Panama Canal Was Linked to El Niño, Study Finds
The low water levels that choked cargo traffic were more closely tied to the natural climate cycle than to human-caused…
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PG&E Seeks Approval to Sell Stake in Its Power Operations
California’s largest utility said its proposed deal with the global investment firm KKR could reduce customer rates by $100 million…
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Tesla Fires Many on Charger Team, Raising Doubts About Expansion
The carmaker dismissed hundreds of employees in a unit that was critical to its success and seen as important to…
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Water Heaters Use Lots of Energy. The D.O.E. Wants to Change That.
The Biden administration is tightening efficiency rules for water heaters, stoves and other appliances, and conservative politicians are dialing up…
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Jeff Zucker Abandons Telegraph Bid, Putting London Paper Back Into Play
RedBird IMI said it had withdrawn its attempt to acquire the storied newspaper after a revolt from Conservative Party leaders.
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Walmart Is Shutting Health Centers After Plan to Expand
The 51 locations, next to Supercenters, proved too costly to be profitable, the retailer said.
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U.S. Plan to Protect Oceans Has a Problem, Some Say: Too Much Fishing
An effort to protect 30 percent of land and waters would count some commercial fishing zones as conserved areas.
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Getir, a Rapid Grocery-Delivery Service, Exits the U.S. and Europe
The company had expanded quickly to keep ahead of rivals, but like other pandemic darlings, its business lost steam after…
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Paramount Faces a Mountain of Questions
Bob Bakish, the media giant’s chief executive, is out, removing an obstacle to a deal with David Ellison's Skydance. But…
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Europe’s Economic Laggards Have Become Its Leaders
More than a decade after painful austerity, Greece, Portugal and Spain have been growing faster than traditional powerhouses like Germany.