Business, Technology

Broadcom to Buy VMware for $61 Billion

Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite rising inflation and economic uncertainty.

Michelle Chapman | Associated Press
May 26, 2022
Business, Logistics

Home Depot Overcomes Slow Start to Year, Rising Home Prices

Home Depot’s first-quarter sales improved despite a slow spring start, and the home improvement chain raised its full-year guidance.

Michelle Chapman | Associated Press
May 17, 2022
Government, Business, Technology, Autonomous

Elon Musk to Join Twitter’s Board

Elon Musk is joining Twitter’s board of directors a day after disclosing that the Tesla CEO took a 9% stake in the social media platform.

Michelle Chapman | Associated Press
April 5, 2022
Business, Equipment

Caterpillar Pushes Through Supply Constraints in Strong Q4

Caterpillar’s sales surged in the final quarter of the year despite ongoing disruptions in the global supply chain that have hit almost every sector of the economy.

Michelle Chapman | Associated Press
January 28, 2022
Business, Fuel

Profitable Exxon, Chevron Emerge as Global Economy Rebounds

ExxonMobil reversed the losses it suffered last year during the pandemic with a $6.75 billion third-quarter profit as demand pushes the price for a barrel of crude past $80 for the first time in years.

Michelle Chapman | Associated Press
October 29, 2021
Business

Home Depot Sales Climb, but Remodeling Frenzy May Be Cooling

Home Depot’s sales continue to surge, though same-store sales appeared to come back to earth after a year in which the home improvement chain outperformed expectations repeatedly.

Michelle Chapman | Associated Press
August 17, 2021
Business, Equipment

Caterpillar 2Q Revenue Up on Higher Equipment Demand

Rising demand for machinery fueled sales at Caterpillar during the second quarter as the rollout of vaccines helped to revive construction projects.

Michelle Chapman | Associated Press
July 30, 2021
Business, Technology, Fuel

Lordstown Motors’ Rough Road Continues as CEO, CFO Depart

The top two executives at Lordstown Motors have resigned from the Ohio electric truck startup as problems at the company continue to mount.

Michelle Chapman | Associated Press
June 14, 2021
Business, Logistics

CN Makes $33.7 Billion Bid for Kansas City Southern

A bidding war is breaking out for Kansas City Southern, with Canadian National Railway making a $33.7 billion cash-and-stock offer for the railway.

Michelle Chapman | Associated Press
April 20, 2021
Government, Business

Hertz Eyes Bankruptcy Exit Via $4.2 Billion Stake Sale

In a deal to jettison itself from under bankruptcy protection, Hertz said March 2 that it may sell a controlling stake in the company to two investment firms for $4.2 billion.

Michelle Chapman | Associated Press
March 2, 2021