Key Takeaways Starbucks reported fiscal first-quarter results that topped analysts’ expectations, despite sales and profit ...

OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to "raise more capital than we'd imagined," and remove the restrictions ...

M Co forecast profit growth for 2025 and beat fourth-quarter estimates as the U.S. industrial conglomerate benefited from ...

The state’s attorney general asked the company how it plans to transfer assets out of its charitable nonprofit.

The plan faces hurdles. One of OpenAI’s co-founders, billionaire Elon Musk, has filed for an injunction to halt the company’s transition to a for-profit, accusing OpenAI of abandoning its ...

OpenAI said its existing for-profit division will become a public benefit corporation, or PBC, "with ordinary shares of stock." The PBC will oversee commercial operations, and the nonprofit will ...

OpenAI said its plan would result in one of the best resourced non-profits in history. "The non-profit's significant interest in the existing for-profit would take the form of shares in the PBC at ...