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.
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.
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.
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.
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.
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.
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.
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.
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.
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.