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Business

Pizza Hut’s parent company considering selling the chain

The Associated Press Pizza Hut could soon be up for sale. Yum Brands, Pizza Hut’s parent company, said Tuesday it’s conducting a formal review of options for the brand, which has struggled to compete in a crowded pizza market. Yum CEO Chris Turner said Pizza Hut has many strengths, ...

Losses for Big Tech pull Wall Street lower after reaching records

NEW YORK (AP) — Stocks fell on Wall Street Tuesday, pulled down by losses in the same big tech companies that have been the main drivers of the market’s rally so far this year. The downturn pulled every major index further away from the all-time highs set just last week. Losses were ...

Chrysler recalls 320,000 Jeep plug-in hybrids due to fire risk

WASHINGTON (AP) — Chrysler is recalling more than 320,000 Jeep plug-in hybrid vehicles due to a faulty battery that can fail and lead to a fire, U.S. traffic safety regulators said. Chrysler, which is owned by Netherlands-based Stellantis, is aware of 19 reports and one injury potentially ...

AI darlings prop up Wall Street as most other stocks fall

NEW YORK (AP) — More gains for Nvidia, Amazon and other AI superstars propped up Wall Street on Monday. The S&P 500 rose 0.2% and pulled closer to its all-time high set last week, even though the majority of stocks in the index sank. The Dow Jones Industrial Average dropped 226 points, ...

OpenAI, Amazon sign $38 billion deal for AI computing power

SEATTLE (AP) — OpenAI and Amazon have signed a $38 billion deal that enables the ChatGPT maker to run its artificial intelligence systems on Amazon’s data centers in the U.S. OpenAI will be able to power its AI tools using “hundreds of thousands” of Nvidia’s specialized AI chips ...

Kimberly-Clark plans product expansion

Kimberly-Clark is buying Tylenol maker Kenvue in a cash and stock deal worth about $48.7 billion, creating a massive consumer health goods company. Shareholders of Kimberly-Clark will own about 54% of the combined company. Kenvue shareholders will own about 46% in what is one of the largest ...