ExxonMobil has received final regulatory approval for its $60 billion acquisition of Pioneer Natural Resources, marking one of the largest mergers in the history of the oil and gas industry. …
Category:
Business
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Red Lobster, one of America’s most recognizable seafood restaurant chains, has filed for Chapter 11 bankruptcy protection, citing financial difficulties driven by rising costs, declining foot traffic, and increased competition. …
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In a bold push to expand its artificial intelligence (AI) capabilities, Microsoft has announced a $3.3 billion investment in Wisconsin, aiming to establish a cutting-edge AI hub that will drive …
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In a stunning blow to the discount retail sector, 99 Cents Only Stores has announced it will permanently close all 371 of its locations, citing insurmountable financial struggles caused by …
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A catastrophic collapse of the Francis Scott Key Bridge in Baltimore has triggered a major disruption in East Coast shipping, blocking access to the city’s vital marine terminals and paralyzing …
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March 20, 2024 As concerns over climate change intensify, US cities are increasingly turning to green spaces as a powerful solution to mitigate the effects of urbanization and improve the …
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Jo-Ann Stores, a well-known retailer in the crafting and sewing industry, has filed for Chapter 11 bankruptcy, citing over $1 billion in debt and declining sales. The company has announced …
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National security concerns put foreign takeover under intense scrutiny The Biden administration has officially voiced its opposition to the proposed $14.9 billion acquisition of U.S. Steel by Japan’s Nippon Steel, …
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The Biden administration has successfully negotiated a deal to prevent a looming strike at major U.S. ports, averting what could have been a significant disruption to global trade and supply …
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High-End Brands See Strong Sales Growth, Yet Inflation and Tariffs Pose Risks After a period of economic turbulence, the luxury goods industry is showing signs of recovery, with top brands …
