ConocoPhillips on Wednesday agreed to buy Marathon Oil in a $22.5 billion all-stock deal, the latest in a series of mega-deals in the oil and gas industry as companies look to bolster reserves.
HSBC has completed the sale of its Russian unit to Expobank for an undisclosed fee, the Russian lender said on Wednesday, ending around two years of negotiations and uncertainty.
Abercrombie & Fitch raised its annual sales growth forecast and beat estimates for first-quarter results on Wednesday, betting on new and trendy apparel and accessories to drive demand at its Abercrombie and Hollister brands.
BlackRock’s iShares Bitcoin Trust has become the world’s largest fund for the original cryptocurrency, racking up nearly $20 billion in total assets since listing in the U.S. at the start of the year, Bloomberg News reported on Wednesday.
Aethon Energy will acquire Tellurian’s upstream assets for $260 million and purchase two million tons per annum (mtpa) of liquefied natural gas (LNG) from its Driftwood LNG plant, the companies said on Wednesday.
The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash hoard and boost their reserves.
Shares of American Airlines slumped on Wednesday after the carrier cut its profit forecast for the current quarter, citing weakening pricing power despite expectations for record travel demand in the summer season.
Merck on Wednesday agreed to acquire privately held biotech EyeBio for as much as $3 billion, the latest in a string of deals by the US drugmaker to bolster its future growth.
Alex Mashinsky, founder and former CEO of bankrupt cryptocurrency lender Celsius Network, pleaded not guilty Thursday to U.S. fraud charges that he misled customers and artificially inflated the value of his company’s propriety crypto token.
National Bank of Canada reported a rise in second-quarter net profit on Wednesday, helped by strong performance in its wealth management and financial markets units.
