Exxon Mobil Closing In on Megadeal With Shale Driller Pioneer
A deal could be sealed as soon as in the coming days, though it is still possible there won’t be one, people familiar with the matter said.
South Korea Plans to Fine Google, Apple for Breaching Mobile Payment Rules
South Korea’s telecom regulator plans to fine Alphabet’s Google and Apple a total of $51 million for allegedly abusing their market dominance and breaching the country’s mobile-payment regulations.
Shell Production Volumes to Meet Targets
Shell expects to report production of 880,000-920,000 oil-equivalent barrels a day of integrated gas for the third quarter, and said it expected earnings to be boosted by stronger gas and chemical trading.
Tesla Cuts Prices of Model 3, Model Y Vehicles in U.S.
The carmaker cut prices of its Model 3 and Model Y vehicles in the U.S., its website showed.
Berkshire Sells More HP Stock, Drops Below 10% Threshold
Berkshire Hathaway sold 3.1 million shares on Tuesday and now holds 97.9 million shares of the PC and printer maker, a 9.9% stake worth $2.6 billion.
MGM Resorts Refused to Pay Ransom in Cyberattack on Casinos
MGM Resorts refused to pay a hackers’ ransom demand in a September cyberattack that threw its Las Vegas Strip resorts into chaos, according to a person familiar with the matter.
Tian Tu Capital Shares Fall on Hong Kong Debut
Shares of the Chinese private-equity investor and fund manager opened lower on their debut in Hong Kong, failing to provide an initial pop as investor sentiment remained cautious.
SEC Sues Elon Musk in San Francisco Federal Court to Enforce Subpoena
The Securities and Exchange Commission asked the court to order Musk to comply with its investigation of his 2022 takeover of Twitter.
Levi Strauss Cuts Financial Guidance, Citing Uncertainty About Economy
The apparel company earned more than Wall Street expected, but revenue fell short.
Flexport Plans to Lay Off 30% of Workforce
Flexport plans to cut up to 30% of its workforce as company founder Ryan Petersen looks to shore up the freight forwarder’s finances following a sharp decline in revenue, according to a person familiar with the matter.
Source: Dow Jones Newswires