By Stephen Culp NEW YORK (Reuters) -U.S. stocks rallied on Thursday as investors weighed the Federal Reserve’s more dovish-than-expected interest rate guidance on Wednesday against a plethora of[...]
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May 2, 2024
US greenlights Exxon-Pioneer deal, alleges shale founder colluded with OPEC
By Sabrina Valle and Liz Hampton HOUSTON (Reuters) -U.S. regulators gave the go-ahead on Thursday to Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources, but barred Pioneer’s f[...]
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US IRS targets sharply higher audit rates on big firms, partnerships, millionaires
By David Lawder WASHINGTON (Reuters) – The Internal Revenue Service said on Thursday that it plans to sharply increase audit rates for big corporations, partnerships and multimillionaires over t[...]
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Third proxy advisory firm urges Norfolk Southern investors to elect Ancora directors
(Reuters) -Proxy advisory firm Egan-Jones on Thursday recommended Norfolk Southern shareholders elect all seven of hedge fund Ancora Holdings’ proposed director candidates to the railway’s[...]
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Pioneer reports lower profit ahead of its takeover by Exxon
(Reuters) – Pioneer Natural Resources on Thursday reported a lower first-quarter profit, weighed down by higher production costs and weak natural gas prices. Earlier in the day, the U.S. Federal[...]
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Airbus called for compensation to take on money-losing Spirit operations, sources say
By Allison Lampert and Mike Stone (Reuters) – Airbus has called for financial compensation to take on money-losing operations from Spirit AeroSystems, a demand that has emerged as one obstacle t[...]
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Berkshire director says board may not give Buffett successor Abel the same leeway
By Jonathan Stempel and Koh Gui Qing OMAHA, Nebraska (Reuters) – A longtime Berkshire Hathaway director said Greg Abel, who is expected to succeed Warren Buffett as chief executive, may not get[...]
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Live Nation’s revenue beats estimates as boom in concerts drive ticket sales
(Reuters) – Ticketmaster parent Live Nation Entertainment beat estimates for first-quarter revenue on Thursday, driven by the popularity of live events such as concerts, sending its shares up mo[...]
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Block to add more bitcoin to its treasury, lifts annual forecast
(Reuters) -Block lifted its full-year adjusted core earnings forecast on Thursday and revealed plans to add more bitcoin to its balance sheet, as the Jack Dorsey-led firm bets big on the cryptocurrenc[...]
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