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.
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.
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.
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.
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.
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.
New York Sues Amazon Over Worker Safety During Pandemic
New York is suing Amazon, claiming the company failed to provide workers with a safe environment at two warehouses in the state as COVID-19 infections surged nationwide.
GM Sets Goal of Going Largely Electric by 2035
General Motors Co. has set a goal of making the vast majority of the vehicles it produces electric by 2035, and the entire company carbon neutral, including operations, five years after that.
Tesla Seeks to Raise Another $5 Billion in Stock Offering
Tesla is looking to raise up to $5 billion in capital through a stock offering as the electric vehicle and solar panel maker seeks to take advantage of strong demand for its products.
Home Depot’s Same-Store Sales Surge in Q4
Home Depot reported a better-than-expected fourth quarter with strong comparable-store sales.