Macy’s rejected a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn’t provide a viable financing plan
January 22, 2024
Amazon is moving from putting plastic air pillows in its packages in North America to using recycled paper filling instead, a move that’s more environmentally friendly and is said to secure items in boxes just the same, if not better
June 20, 2024
New York City warehouse workers who are part of the Amazon Labor Union have overwhelmingly voted to align themselves with the Teamsters as they try to get a contract from the online retailer
June 18, 2024
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 beyond the early adapters of the technology
June 18, 2024
The U.S. surgeon general has called on Congress to require warning labels on social media platforms similar to those now mandatory on cigarette boxes
June 17, 2024
HSBC, Europe’s largest bank, says that CEO Noel Quinn plans to retire after serving nearly five years in the post
April 30, 2024
Hermes is being targeted in a new lawsuit accusing the luxury retailer of selling its coveted Birkin handbags only to customers who have spent exorbitant amounts of money at the store on other goods
March 21, 2024
Shares of Southwest are plunging as the airline said that it plans to reduce capacity and reevaluate its full-year financial outlook because of fewer expected aircraft deliveries from its supplier, Boeing
March 12, 2024
Choice Hotels is abandoning its hostile $8 billion takeover bid for Wyndham Hotels & Resorts
March 11, 2024
Discount grocer Aldi plans to add 800 stores across the U.S. in a five-year expansion plan as it looks to capitalize on cost-conscious Americans feeling the pinch at grocery stores
March 07, 2024
Shares of New York Community Bancorp are tumbling before the opening bell after the departure of the longtime CEO of the bank, which says it’s delaying filing its annual report as it deals with issues with its internal controls
March 01, 2024
Arkhouse Management is nominating nine people for Macy’s board of directors, igniting a proxy battle after the department store operator rejected a $5.8 billion takeover offer from the investment firm and Brigade Capital Management
February 20, 2024
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs that are leading to increased prices for chocolate
February 09, 2024
Chesapeake Energy and Southwestern Energy are combining in a $7.4 billion all-stock deal to form one of the biggest natural gas producers in the U.S. The announcement is just the latest tieup in the energy sector, following a nearly $60 billion deal between Exxon Mobil and Pioneer Natural Resources and a $53 billion deal between Chevron and Hess
January 11, 2024
Disney has a new ally in activist investor ValueAct Capital Management, garnering its support for the company’s board nominees as it continues to wage a proxy battle with Nelson Peltz
January 03, 2024
Nelson Peltz’s investment management firm Trian Fund Management is planning to nominate the activist investor and a former chief financial officer of Disney for seats on the media and entertainment company’s board, continuing a proxy battle that began earlier this year
December 14, 2023
Occidental is buying oil and gas company CrownRock in a cash-and-stock deal valued at about $12 billion
December 11, 2023
Macy’s third-quarter sales declined as consumers remain cautious on their spending, but the results and its adjusted profit both topped Wall Street’s expectations
November 16, 2023
Home Depot is continuing to see its sales decline amid inflation concerns, and the home improvement retailer narrowed its fiscal 2023 outlook
November 14, 2023
Shares of GameStop have soared following speculation that the man at the center of the pandemic meme stock craze owns a large number of shares of the video game retailer that may be worth millions
June 03, 2024
Former talk show host Oprah Winfrey is leaving WeightWatchers board of directors and donating all of her interest in the company to a museum
February 29, 2024
Discount retailer Dollar Tree says it’s looking at strategic options for the Family Dollar stores that it owns, including a possible sale of the segment
June 05, 2024
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices soar and big oil companies reap massive profits
May 29, 2024
Deere’s fiscal second-quarter results beat Wall Street’s expectations, but the company lowered its full-year profit forecast for a second time as farmers buy fewer tractors and other equipment as they deal with declining prices for their crops
May 16, 2024
Exxon Mobil’s profit declined in its first quarter as natural gas prices fell and industry refining margins dropped
April 26, 2024
Hungarian intelligence agency interviewed CEO linked to exploding Hezbollah pagers
Son of Uganda's president ends 2026 election bid
Trump to visit North Carolina as scandal swirls around Republican ally
EU member Cyprus calls on Lebanon, Israel to show restraint in Middle East
Iran's Supreme Leader says Israel is committing 'shameless crimes' against children
US election uncertainty clouds UN climate finance progress
Seal marks her 50th birthday at a sanctuary. Sheba may be the oldest in captivity
SAIC Volkswagen says adjusting plant base "necessary"
Oktoberfest is open. The world’s largest folk festival begins after ceremonial keg-tapping
Low brow and vulgar? Micro dramas shake up China's film industry, aim for Hollywood
The Midwest could offer fall’s most electric foliage but leaf peepers elsewhere won’t miss out