Shareholders of Anadarko Petroleum Corp on Thursday voted overwhelmingly to sell the company for $38 billion to rival Occidental Petroleum Corp , ending a short-lived contest that pitted two of the most storied names in the oil industry against one another.
Kraft Heinz Co reported weak sales on Thursday, prompting the maker of packaged foods to write down the value of several business units by more than $1 billion and drop its full-year forecast as it struggles to lure back customers.
Kontoor Brands Inc beat expectations for quarterly profit on Thursday as the denim apparel maker’s efforts to cut costs post its spinoff from VF Corp paid off, sending shares up over 13%.
PG&E Corp shareholders have committed to engaging in a rights offering worth a potential $15 billion in support of a planned reorganization of the embattled company, according to a company filing on Thursday. [https://bit.ly/2GVp33o]
Stronger-than-expected Chinese export data helped push global stock markets higher on Thursday following a volatile week that had investors scrambling for safety due to fears of a worldwide economic pullback.
A petition started by a junior Walmart Inc worker in California to protest the retailer’s sale of firearms, following two mass shootings over the weekend left 31 people dead in Texas and Ohio, has gathered nearly 45,000 signatures.
Ryanair has launched legal proceedings against its outgoing Chief Operations Officer (COO) Peter Bellew, whom low cost rival easyJet announced last month it had poached, Irish court filings showed.
U.S. stocks rose on Thursday as better-than-expected domestic and Chinese data as well as a steadying yuan offered some comfort to investors rattled by an escalation in trade tensions.
Viacom Inc , the owner of MTV, Comedy Central and Nickelodeon cable networks, beat estimates for quarterly revenue and profit on Thursday, as it posted rare growth in domestic advertising revenue after five years of declines.
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, suggesting the labor market remains strong even as the economy is slowing.
U.S. wholesale inventories were revised lower to show them unchanged in June, indicating a slowdown in the pace of inventory accumulation that could further weigh on economic growth.
U.S. stocks opened higher on Thursday, as better-than-expected trade data from China and a steadying of its currency offered some comfort to investors rattled by an escalation in trade tensions and signals pointing to a recession.
Wall Street was set to open higher on Thursday as better-than-expected trade data from China and a steadying of its currency offered some comfort to investors rattled by an escalation in trade tensions and signals pointing to a recession.
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, suggesting the labor market remains strong even as the economy is slowing.
Kraft Heinz Co’s net income halved in the first six months the year as the packaged food maker disclosed well over $1 billion in charges and writedowns in results delayed by an investigation into its procurement practices.
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