Exxon to Close Megadeal, Pioneer CEO to Be Barred from Exxon Board in Deal With FTC

Antitrust enforcers are set to allege Pioneer CEO Scott Sheffield discussed coordinating oil-production levels with other producers and OPEC. 


 
Qualcomm Stock Pops on Strong Earnings

The mobile phone chip company reported better-than-expected earnings and its guidance was strong across the board. 


 
Tesla's Downsizing Worries Supercharger Industry

Widespread layoffs within the Tesla unit are a blow to efforts to build out a national charging network. 


 
Teamsters Canada Says Strikes at CN Railway, Canadian Pacific Kansas City Could Begin May 22

OTTAWA-The union representing over 9,000 workers at Canada's two biggest railroads said nearly all of its members voted in favor of going on strike as early as May 22, which could cause extensive disruptions across North American logistics networks. 


 
Puig Policy to Exclude Next Generation Can Help Ease Succession Concerns

As succession drama grips corners of the luxury world, Puig's decision to ban its next generation from working there is getting a favorable view ahead of its initial public offering. 


 
Viking Stock Sails Higher in Trading Debut

The company has a market valuation of $11.3 billion based on its opening price. 


 
New York Community Bancorp's stock jumps after narrower-than-expected loss

New CEO Joseph Otting sees a "path to profitability" in the next two years. 


 
Estée Lauder's China Problems Aren't Going Away

The cosmetics company cut its 2024 sales guidance, overshadowing a strong result for its fiscal third quarter. 


 
Mastercard sees healthy spending, expects strong dollar to impact revenue growth

Mastercard Inc. lowered its GAAP revenue outlook for the full year, but not because it has a more cautious view of the spending landscape. 


 
AI Startup CoreWeave Nearly Triples Valuation to $19 Billion in Five Months

Nvidia-backed company raises $1.1 billion from investors including Fidelity, Magnetar Capital.


(END) Dow Jones Newswires

05-01-24 1715ET