Home » Archives by category » BUSINESS (Page 2)

Chevron Hammered for Production Miss While Exxon Gets a Pass – Bloomberg

Exxon Mobil Corp. and Chevron Corp. each posted double-digit profit increases along with disappointing production numbers in the third quarter. But that’s where the similarities end. Investors punished Chevron with the worst intraday clobbering in 20 months after the explorer’s crude oil and natural gas output fell 2.2 percent short of analysts’ expectations. Exxon’s more […]

Facebook reveals new political ad policies in wake of US election – VentureBeat

Facebook announced new advertising transparency policies today that affect all ads on the network. In addition to letting all Facebook, Instagram, and Messenger users view any ad on a devoted page regardless of whether they’re in a targeted audience, the new policies also specifically target political ads. Facebook hopes to curb election interference like the […]

CVS makes more than $66 billion bid for Aetna: sources – Reuters

(Reuters) – U.S. pharmacy operator CVS Health Corp has made an offer to acquire No. 3 U.S. health insurer Aetna Inc for more than $200 per share, or over $66 billion, people familiar with the matter said on Thursday. A deal would merge one of the nation’s largest pharmacy benefits managers and pharmacy operators with […]

Amazon and Alphabet report sales surge – BBC News

Image copyright Getty Images Tech giants Amazon and Google’s parent Alphabet have posted a surge in sales over the last three months. Shares in Alphabet jumped above $1,000 in after-hours trading after the company reported sales up 24% to $27.8bn. Amazon, the world’s biggest e-commerce site, saw sales rise 34% to $43.7bn – nearly the […]

FCC Moves to End TV-Newspaper Ownership Ban – Bloomberg

The chairman of the Federal Communications Commission said he’ll move to weaken or kill local media ownership restrictions next month, potentially clearing the way for more consolidation among companies that own TV and radio stations. Chairman Ajit Pai told Congress he’ll ask the FCC, where he leads a Republican majority, to eliminate the rule barring […]

Fees To Enter Popular National Parks Would Skyrocket Under Interior Department Plan – NPR

Virginia’s Shenandoah National Park is one of 17 popular parks that would see higher peak-season entry fees under a new proposal. Karen Bleier/AFP/Getty Images hide caption toggle caption Karen Bleier/AFP/Getty Images Virginia’s Shenandoah National Park is one of 17 popular parks that would see higher peak-season entry fees under a new proposal. Karen Bleier/AFP/Getty Images […]

How tech, private companies are working to get electric, phone services back to Puerto Rico – WTAE Pittsburgh

Electrical linemen descend from helicopters, balancing on steel girders 90 feet high on transmission towers in the mountains of central Puerto Rico, far from any road. At the same time, crews fan out across the battered island, erecting light poles and power lines in a block by block slog. A month after Hurricane Maria rolled […]

Twitter Vows More Transparency for Ads – Wall Street Journal

Twitter Inc. said Tuesday it will increase transparency for ads on its network, a move aimed at staying one step ahead of potential regulation. Twitter said it plans to create a website to reveal the people and organizations advertising on Twitter and details about their ads, such as how long the ads have been running. […]

Illinois, Chicago letter to Amazon: $2 billion in tax breaks, and maybe more – Chicago Tribune

Billing Illinois and Chicago as an “extraordinary opportunity for Amazon” to locate its second headquarters, state and city political leaders entered the nationwide competition to land the online retail giant’s 50,000 jobs by offering $2 billion in incentives while hinting they were willing to dig even deeper, sources familiar with the bid confirmed Monday. In […]

Massive recall of packaged vegetables gets even bigger as more stores pull products – Sacramento Bee

The web of recalls connected to Mann Packing’s nationwide listeria scare expanded when three more multi-state vegetable product recalls were announced late Sunday by the FDA. Meijer, a Midwestern chain similar to Walmart (one of the food-selling chains affected in the recall), recalled almost 20 different store brand produce items from its 235 supercenters and […]