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Hess Shareholders Approve $53 Billion Chevron Merger

Shareholders of Hess Corporation have approved a $53 billion deal that will see the energy company merge with oil and gas giant Chevron. The approval is the first step in the process, with the U.S. Federal Trade Commission’s (FTC) review of the merger expected to...

Boeing Expects to Burn Through Cash and Doesn’t See Improvements in Delivery in 2024

The crisis of airplane maker Boeing is likely to continue in 2024. According to the company’s chief financial officer (CFO) Brian West, Boeing expects to continue burning through cash this year while the delivery will remain slow. Boeing faced an array of production issues after...

Chemical Giant DuPont Will Split in 3 Companies, Replace CEO Ed Breen

Chemical giant DuPont is heading towards some major changes. The company announced on Wednesday that it will be splitting into three separate companies while also replacing CEO Ed Breen. According to DuPont's announcement, its electronics and water units will become their own publicly traded companies...

Chipotle Announces Plans for 50-to-1 Stock Split to Make Its Shares More Affordable

Restaurant chain Chipotle Mexican Grill has become a golden standard when it comes to stock growth in recent years. However, the company is concerned that the high share prices are preventing its workers from owning a part of Chipotle. According to Chipotle’s CFO Jack Hartung,...

McDonald’s Reports Mixed Q1 Results, Misses on Sales Estimates

Fast food enthusiasts haven’t been flocking to McDonald’s in the first quarter of 2024 in the manner the company expected. Sharing its quarterly result, McDonald’s revealed misses on sales estimates as well as revenue growth and earnings. In the U.S., McDonald’s saw a 2.5% same-store...

Kroger and Albertsons to Sell More Stores in Attempts to Get Merger Approval

Kroger and Albertsons have announced plans to sell more stores in an attempt to get the green light for their $25 billion merger. Kroger reached a deal to acquire Albertsons back in October 2022, but the acquisition has been met with more than a few...