Economy Oct 23 Chevron buys Hess Corp. for $53 billion, the 2nd oil megadeal this month as energy prices soar 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.
Economy Oct 23 Chevron buys Hess in 2nd recent major fossil fuel industry buyout The Chevron-Hess deal comes less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion. Crude prices are up 9% this year and have been hovering around $90 per barrel for about…
Nation Oct 11 Exxon Mobil to buy Pioneer Natural for $59.5 billion, doubling down on fossil fuels as energy prices surge Including debt, Exxon is committing about $64.5 billion to the acquisition announced Wednesday, leaving no doubt of the Texas energy company's commitment to fossil fuels as energy prices surge.
Politics Sep 07 Google to require disclosure for political ads that use AI to alter imagery or sounds Google will soon require that political ads using artificial intelligence be accompanied by a prominent disclosure if imagery or sounds have been synthetically altered.
Economy Sep 06 Truth Social gets a lifeline after deadline for a big cash infusion is extended for a year Donald's Trump's Truth Social got a lifeline this week after a blank-check company that could infuse the social media platform with cash agreed to extend a critical deadline for a year.
Nation Aug 09 Unprecedented levels of damage from storms this year is upending U.S. towns, insurance industry Waves of thunderstorms in the U.S. during the first half of this year led to $34 billion in insured losses, an unprecedented level of financial damage as climate change contributes to the frequency and severity of violent meteorological events.
Economy Jul 17 Ford substantially cuts cost of F-150 Lightning electric pickup The sticker price on Ford’s F-150 Lightning electric pickup is being lowered by thousands of dollars due to increased plant capacity, falling costs for battery raw materials and internal efforts to scale production by the Detroit automaker.
Nation Jun 23 Starbucks workers plan strike over Pride displays, company accuses union of spreading false information Workers at 150 Starbucks locations will strike in a clash over decor supporting LGBTQ+ causes, but the company accused the union of using it as a tactic in labor talks.
Nation Jun 12 JPMorgan reaches settlement with victims of Jeffrey Epstein The lawsuit filed in Manhattan federal court in November sought to hold JPMorgan financially liable for Epstein’s decades-long abuse of teenage girls and young women. Terms of the settlement were not disclosed.
Economy May 09 Goldman Sachs settles gender discrimination suit for $215 million The lawsuit, initially filed in September 2010, was set to go to trial next month. The plaintiffs in the case are women who worked for Goldman as an associate or vice president in the U.S. in the investment banking, investment…