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. Crude prices rose sharply in early 2022 with Russia’s invasion of Ukraine and are hovering around $90 per ...
NEW YORK (AP) — Wall Street fell Thursday as it faces the prospect of a 5% yield on the 10-year Treasury for the first time since 2007. The S&P 500 lost 36.60 points, or 0.8%, to 4,278.00 following a mixed set of profit reports from Tesla and other influential companies The Dow Jones ...
(AP) — Rite Aid filed for bankruptcy protection and plans to sell part of its business as it attempts to restructure while dealing with losses and opioid-related lawsuits. The company said Rite Aid stores will continue to fill prescriptions, and customers will still be able to visit its ...
DETROIT (AP) — A top Ford executive says the company has reached the limit of how much money it will spend to get a contract agreement with the striking United Auto Workers union. Kumar Galhotra, president of Ford Blue, the company’s internal combustion engine business, told reporters ...
DETROIT (AP) — The United Auto Workers union significantly escalated its strikes against Detroit Three automakers Wednesday by going on strike against a major Ford truck plant in Louisville, Kentucky. In a surprise move, the 8,700 members left their jobs at about 6:30 p.m. at the plant, ...
WAYNE, Mich. (AP) — On the picket lines at a Ford factory west of Detroit, many striking workers don’t think the electric vehicle revolution is coming for their jobs — at least not in the near future. But just in case, they’re backing United Auto Workers President Shawn Fain’s quest ...