News

M&A

7-Eleven Parent to Buy Speedway for $21B

Elliott Management has been pushing for a sale of the gas station retail chain.
Bankruptcy

Noble Corp. Files Chapter 11 to Slash $4B in Debt

"The development of COVID-19 into a global pandemic erased any doubt as to whether Noble would be able to avoid bankruptcy,” the offshore rig operator said.
The Economy

U.S. Consumer Spending Rises 5.6% in June

"The explosion of COVID-19 infections ... is casting doubt on the magnitude of the expected surge in third-quarter consumer spending."
Cybersecurity

Twitter Bitcoin Hack Caused by Phone-Based Phishing Attack

The attack exploited human vulnerabilities to gain access to its internal systems.
Financial Performance

Stay-at-Home Demand Drives Apple Growth

The company reported increased third-quarter sales across all its products, with even the iPhone up more than 1% from a year ago.
The Economy

U.S. Economy Shrinks by Record 32.9% in Q2

“It’s a very deep and dark hole and we’re coming out of it, but it’ going to take a long time to get out.”
Technology

3 Things To Look For In Amazon’s Earnings Report

How have its fulfillment centers handled the surge in online shopping during the pandemic?
Bankruptcy

California Pizza Kitchen Files for Bankruptcy

“For many restaurants, the COVID-19 pandemic will be the greatest challenge they will ever face; for some, it may also be their last.”
Financial Performance

PayPal Crushes Estimates, Posts 25% Sales Gain

“Our record performance in the second quarter — our strongest quarter ever — reaffirms the relevance of PayPal in the unfolding digital future."
Financial Performance

GM Posts $806M Loss, 47% Drop in Sales

The automaker sees stronger sales ahead with its plants now back in production after coronavirus-related shutdowns.
Financial Performance

GE Beats Revenue Estimates, Reports Q2 Loss

Revenues were mainly driven by sales in the power and renewable energy divisions.
Financial Performance

Visa Profit Drops 23% as Card Spending Slows

Payments volume improved as the third quarter progressed, reflecting the easing of shelter-in-place orders in the U.S.
1 2 3 4 5 … 416