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7-Eleven Parent to Buy Speedway for $21B
Elliott Management has been pushing for a sale of the gas station retail chain.
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.
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."
Twitter Bitcoin Hack Caused by Phone-Based Phishing Attack
The attack exploited human vulnerabilities to gain access to its internal systems.
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.
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.”
3 Things To Look For In Amazon’s Earnings Report
How have its fulfillment centers handled the surge in online shopping during the pandemic?
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.”
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."
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.
GE Beats Revenue Estimates, Reports Q2 Loss
Revenues were mainly driven by sales in the power and renewable energy divisions.
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.
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