By Sabrina Valle HOUSTON (Reuters) -Hess shareholders on Tuesday approved the proposed $53 billion merger with Chevron that paves the way for the No. 2 U.S. oil company to gain a prize asset and a foo[...]
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May 28, 2024
T-Mobile to buy US Cellular’s wireless operations in $4.4 billion deal
(Reuters) -T-Mobile will buy almost all of regional carrier United States Cellular’s wireless operations including customers, stores and 30% of its spectrum assets in a deal valued at $4.4 billi[...]
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Musk offers factory tours to investors as he seeks support for his pay package
By Hyunjoo Jin SAN FRANCISCO (Reuters) -Elon Musk is offering tours of Tesla’s factory next month to 15 shareholders who vote on his $56 billion pay package, the latest effort by the electric ve[...]
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Post-COVID, China is back in Africa and doubling down on minerals
By Rachel Savage and Duncan Miriri JOHANNESBURG/NAIROBI (Reuters) – China’s flagship economic cooperation program is bouncing back after a lull during the global pandemic, with Africa a pr[...]
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Judge assured that Tesla won’t contest Musk pay ruling outside Delaware
DELAWARE (Reuters) – The Delaware judge who voided Elon Musk’s record Tesla pay package told the parties in the case that she felt assured by the electric vehicle maker that it would not u[...]
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Trump Media asks Louisiana to investigate trading of its shares
(Reuters) -The company that owns Donald Trump’s social media platform Truth Social said on Tuesday it has sent a letter to the commissioner of the Louisiana Office of Financial Institutions to o[...]
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American Airlines cuts second-quarter profit forecast
By Rajesh Kumar Singh and Kannaki Deka (Reuters) -American Airlines on Tuesday cut its second-quarter profit forecast on weaker pricing power, sending its shares of down about 8% in aftermarket tradin[...]
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Faraday Future withdraws full-year production forecast as weak EV demand weighs
(Reuters) -Electric vehicle maker Faraday Future said on Tuesday it was withdrawing its production forecast for 2024 due to current market conditions and levels of funding, sending its shares down mor[...]
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Members Exchange resolves tech issue that delayed premarket trading
(Reuters) -Exchange operator Members Exchange (MEMX), backed by some of the biggest Wall Street firms, said it has resolved a technical issue that delayed the start of its pre-market trading session f[...]
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