Top Company News of the Day: Exxon, Macy, ADM, FDJ

Exxon Sues Two ESG Investors

The oil giant says Arjuna Capital and Follow This want Exxon’s oil-and-gas business to shrink, putting them at odds with shareholders.

Investor Threatens to Take Macy’s Offer to Shareholders

Arkhouse says is will take all “necessary steps” to strike a deal for the famed department-store owner if talks fail to yield an agreement.

ADM Puts CFO on Leave as Farm Giant Probes Accounting

The company says it is cooperating with the SEC after receiving a document request.

FDJ Nears Roughly $2.5 Billion Deal for Kindred Group

The deal, if completed, would fit with FDJ’s ambitions to expand internationally.

South32 Cuts Full-Year Production Estimate

The Australian miner said it expects full-year group output to be 3% lower than previously forecast, citing plant setbacks and power outages.

Netflix Has Its Own Tough Act to Follow

The streamer has the advantage over rivals, but its surging stock price has set expectations high.

Ghost Pepper Wings, Wraps With Tenders-Restaurants Binge on Chicken

Americans are inundated with fried chicken, chicken wings, crispy chicken-and the biggest restaurant chains think they can stomach more. Even burger giants are putting more chicken on the menu.

Boeing Snafus Add New Risks to 2024 Production Goals

Financial analysts have lowered their forecasts in the wake of Alaska Airlines accident and investigations into the plane maker’s manufacturing.

He Arrived in Hollywood With Money and a Name. It Just Might Work.

Skydance Media’s David Ellison produced and financed movies and shows, and now he has his eyes on Paramount.

Arcline Bids for Publicly Traded Kaman in $1.8 Billion Deal

The buyout firm is paying $46 a share to take the aerospace manufacturer private.

Source: Dow Jones Newswires


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