Business, Equipment

GM Reports Q4 Loss on Charges Related to China

General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street.

Michelle Chapman | Associated Press
January 28, 2025
Government, Business

Investor Seeks to Quash US Steel-Nippon Deal

An asset manager is seeking to quash Nippon Steel’s takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company.

Michelle Chapman | Associated Press
January 27, 2025
Business, Fuel

Exxon Mobil Profit Tops Q3 Expectations

Exxon Mobil’s third-quarter profit beat analysts’ expectations, as the oil and gas giant was helped by contributions from Pioneer Natural Resources, a recent acquisition.

Michelle Chapman | Associated Press
November 1, 2024
Business, Equipment

Stellantis, Seeking to Revive Sales, Makes Leadership Changes

Stellantis announced a number of significant leadership changes, including the timing of CEO Carlos Tavares’ retirement as it struggles to revive sales in North America.

Michelle Chapman | Associated Press
October 11, 2024
Business, Private

Home Depot Trims Outlook for 2024

Home Depot’s Q2 sales rose slightly as the retailer benefited from an $18 billion acquisition this spring, but customers continued to rein in spending.

Michelle Chapman | Associated Press
August 13, 2024
Business, Fuel

Exxon Mobil Profit Rises on Pioneer Acquisition

Exxon Mobil recorded one of its largest Q2 profits in a decade on surging quarterly production from oil and gas fields, as well its $60 billion acquisition of Pioneer Natural Resources.

Michelle Chapman | Associated Press
August 2, 2024
Business, For-Hire

UPS Boosts Volume in US for First Time Since 2022

UPS boosted its volume in the U.S. for the first time since 2022 during its second quarter, but profit and revenue fell short of Wall Street expectations, partly due to a hefty charge.

Michelle Chapman | Associated Press
July 23, 2024
Business, Logistics, Private, Global Freight

Amazon Is Shifting to Recycled Paper Filling for Packages

Amazon is shifting from the plastic air pillows used for packaging in North America to recycled paper because it’s more environmentally sound, and it says paper just works better.

Michelle Chapman | Associated Press
June 20, 2024
Government, Business, Technology

Fisker Files for Bankruptcy Protection

Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers.

Michelle Chapman | Associated Press
June 18, 2024
Government, Business, Fuel

ConocoPhillips to Buy Marathon Oil for $17.1 Billion

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices rise and big oil companies reap massive profits.

Michelle Chapman | Associated Press
May 29, 2024