Exxon Mobil Expects Up to $2.6 Billion in Upstream Impairments
Exxon Mobil is expecting up to $2.6 billion in impairments in the fourth quarter for its upstream business, mostly related to idled assets in California.
New Management at Lucky Bucks Sues Former Executives, Alleges Fraud
The slot machine operator formerly known as Lucky Bucks is suing members of its former management and their affiliates, seeking the return of approximately $200 million and accusing them of defrauding the company.
SpaceX Sues Labor Board Over Employee Firings
At issue is the company’s decision to fire several SpaceX employees who circulated a letter critical of Elon Musk in 2022.
Supermarket Giant Drops Pepsi and Lay’s Over Price Increases
Carrefour stopped selling PepsiCo products in France, Italy, Spain and Belgium because of what it called unacceptable price increases.
Covid-19 Treatment Developer Humanigen Files for Bankruptcy
California-based company says FDA’s rejection of lenzilumab is a major cause of its financial troubles.
Health Insurers Invest in Digital to Boost Drug-by-Mail Delivery
Most people still pick up prescriptions at their local drugstore. More and more insurance companies want to just mail medications-and are working on their apps to make that happen.
Walgreens’ stock turns sharply lower after dividend halved to bolster cash flow
Walgreens Boots Alliance’s stock rallied Thursday, after the drugstore chain and healthcare services company beat fiscal first-quarter earnings expectations, and nearly halved its dividend to bolster its cash position.
DocGo CEO Defends Performance on New York City Migrant-Care Contract
DocGo Chief Executive Lee Bienstock is standing by the mobile-healthcare company’s performance under a controversial migrant-care contract awarded by New York City.
Octopus Energy Has Texas-Size Ambitions
Britain’s biggest electricity retailer is using AI in its Uber-like approach to overcome the intermittence of wind and solar power.
Rocket Cos. Hires Former Airbnb CMO Jonathan Mildenhall as Its CMO
The marketing veteran will be responsible for creating a more unified voice for the company’s businesses.
Source: Dow Jones Newswires