Business, Technology, Autonomous

Continental to Study Auto Divestments to Shore Up Profit

Continental AG, one of Europe’s top car parts makers, is studying the sale of automotive assets, including its autonomous mobility business as it comes under growing pressure to shore up its profitability, people familiar with the matter said.

October 17, 2023
Government, Business, Fuel

Russia Lifts Diesel Export Ban

Russia allowed a return to seaborne exports of diesel just weeks after imposing a ban that roiled global markets, taking other steps instead to keep sufficient fuel supplies at home.

October 6, 2023
Government, Business, Fuel

Exxon in Talks to Buy Pioneer

Exxon Mobil Corp. is in talks to acquire Pioneer Natural Resources Co., according to a person familiar with the matter, nearing its largest takeover in more than two decades.

October 6, 2023
Government, Business, Fuel

Plunging US Oil Supply Is Driving Up Prices Around the World

Oil buyers across the planet are facing some of the highest premiums for supplies they’ve seen in months — or longer — as dwindling stockpiles at the largest U.S. storage hub reverberate through markets from Asia to the Middle East to Europe.

September 29, 2023
Business

UAW Targets 30% Wage Bump to Satisfy Workers, Grow Members

The United Auto Workers union wants to emerge from its strike against Detroit’s three major automakers with at least a 30% pay raise, according to people familiar with the matter.

September 28, 2023
Government

Shutdown’s Economic Risks Grow the Longer It Lasts

A government shutdown would have a cascading economic effect, beginning mildly and deepening over time as many go without pay and consumer uncertainty grows over Washington’s dysfunction.

September 27, 2023
Government, Business, Private

Kroger, Albertsons In Talks to Sell Stores to C&S, SoftBank

Kroger Co. and Albertsons Cos. are selling some of their stores in an effort to win regulatory approval for their $25 billion merger, according to people familiar with the matter.

September 7, 2023
Business, Logistics, Private

Instacart Files for IPO Revealing Profit, PepsiCo Investment

Instacart joined chip designer Arm Holdings Ltd. in moving ahead with an initial public offering, adding momentum to a return of high-profile listings.

August 25, 2023
Government, Business, For-Hire

Yellow Might Get Loan From Fellow Trucking Fleet to Pay Debts

Yellow Corp. has sparked a bidding war between investment firms and a rival trucking company interested in funding the now-shuttered company’s liquidation.

August 9, 2023
Business, For-Hire

Yellow Reportedly Working on Loan From Apollo

Creditors led by Apollo Global Management Inc. are nearing a deal to provide Yellow Corp. with fresh cash during a coming bankruptcy, according to people with knowledge of the matter.

August 1, 2023