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Tag: fourth quarter

A view of a Marathon gas station in Baltimore, Maryland on May 29, 2024. US energy giant ConocoPhillips announced on May 29 that it will acquire competitor Marathon Oil in an all-stock transaction valued at $22.5 billion, including $5.4 billion in debt, a major expansion despite pressure to move away from fossil fuels. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)

ConocoPhillips Buys Marathon Oil For $17.1B As Energy Prices Rise

ConocoPhillips agreed to buy Marathon Oil for $17.1 billion on Wednesday in an all-stock transaction, which will increase the company’s assets as the broader oil and gas industry undergoes a major wave of unification. 

Read More ConocoPhillips Buys Marathon Oil For $17.1B As Energy Prices Rise
Smoke rises from a derailed cargo train in East Palestine, Ohio, on February 4, 2023. - The train accident sparked a massive fire and evacuation orders, officials and reports said Saturday. No injuries or fatalities were reported after the 50-car train came off the tracks late February 3 near the Ohio-Pennsylvania state border. The train was shipping cargo from Madison, Illinois, to Conway, Pennsylvania, when it derailed in East Palestine, Ohio. (Photo by DUSTIN FRANZ / AFP) (Photo by DUSTIN FRANZ/AFP via Getty Images)

Biden Admin Settles With Norfolk Southern For $310M Over Ohio Train Derailment

The Justice Department (DOJ) and Environmental Protection Agency (EPA) announced a settlement that is estimated to be worth $310 million that was mutually agreed upon with railway company Norfolk Southern.

Read More Biden Admin Settles With Norfolk Southern For $310M Over Ohio Train Derailment
Dallas Mavericks guard Luka Doncic (77) shoots against Minnesota Timberwolves forward Jaden McDaniels (3) in the first quarter during game one of the western conference finals for the 2024 NBA playoffs at Target Center. Mandatory Credit: Jesse Johnson-USA TODAY Sports

Luka Doncic helps Mavs take down Wolves in Game 1

Luka Doncic described the victory over the Minnesota Timberwolves in Game 1 of the Western Conference finals as a relay race.

Read More Luka Doncic helps Mavs take down Wolves in Game 1
FREMONT, CALIFORNIA - MAY 14: A sign is posted in front of a Red Lobster restaurant on May 14, 2024 in Fremont, California. Less than one month after restaurant chain Red Lobster considered filing for Chapter 11 bankruptcy to address rising labor costs and in hopes of renegotiating property leases and long-term contracts, 87 Red Lobster locations abruptly closed their doors in 27 states across the country. (Photo by Justin Sullivan/Getty Images)

Red Lobster Files For Chapter 11 Bankruptcy After Disaster All-You-Can-Eat Shrimp Promotion

The Seafood chain Red Lobster, which lost millions over its all-you-can-eat-shrimp promotion last year, has officially filed for bankruptcy after the chain shut down almost 100 locations last week. 

Read More Red Lobster Files For Chapter 11 Bankruptcy After Disaster All-You-Can-Eat Shrimp Promotion
Black Friday shoppers stand in line for a Lululemon store as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of the year, at Woodbury Common Premium Outlets in Central Valley, New York, U.S. November 24, 2023. REUTERS/Vincent Alban/File Photo

US fourth-quarter growth revised higher; labor market still strong

The U.S. was boosted by strong consumer spending and business investment in nonresidential structures.

Read More US fourth-quarter growth revised higher; labor market still strong
The logo and ticker for Capital One are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 21, 2018. REUTERS/Brendan McDermid/File Photo

Capital One to buy Discover Financial in $35.3 billion all-stock deal

Capital One plans to acquire Discover Financial Services to create a global payments giant.

Read More Capital One to buy Discover Financial in $35.3 billion all-stock deal

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