Exxon Profit Falls Compared With Record Numbers Last Year
Exxon Mobil’s third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with Q2.
Chevron Buys Hess for $53 Billion
Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.
NHTSA to Investigate Cruise Over Pedestrian Incidents
NHTSA is investigating General Motors’ Cruise autonomous vehicle division after receiving reports of incidents where vehicles may not have used proper caution around pedestrians.
Exxon Mobil to Purchase Pioneer Natural for $59.5 Billion
Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas.
Tyson Foods to Close Four Chicken Processing Plants
Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs.
Lordstown Motors Files for Bankruptcy Protection
Commercial electric vehicle startup Lordstown Motors Corp. has filed for Chapter 11 bankruptcy protection nearly two months after it warned that it was in danger of failing.
New York Tesla Workers Launch Campaign to Organize Union
NEW YORK — Tesla workers at a factory in New York are launching a campaign to organize a union.
New GM Division to Make EV Chargers
General Motors, which plans to go almost entirely electric by 2035, is creating a new energy division that will produce chargers for electric vehicles, as well as solar panels and other energy-related technology for homes and businesses.
Home Depot Posts Record Profit, Revenue
Home Depot is seeing sustained demand for goods related to home improvement projects despite soaring prices and mortgage rates for homes.
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.