Michelle Chapman

Business

Home Depot Sales Climb, but Remodeling Frenzy May Be Cooling

A Home Depot store The Home Depot location in Willow Grove, Pa. (Matt Rourke/Associated Press)

Home Depot’s sales continue to surge, though same-store sales appeared to come back to earth after a year in which the home improvement chain outperformed expectations repeatedly.

Michelle Chapman | Associated Press
August 17, 2021
Business, Equipment

Caterpillar 2Q Revenue Up on Higher Equipment Demand

Caterpillar equipment Wilfredo Lee/AP

Rising demand for machinery fueled sales at Caterpillar during the second quarter as the rollout of vaccines helped to revive construction projects.

Michelle Chapman | Associated Press
July 30, 2021
Business, Technology, Fuel

Lordstown Motors’ Rough Road Continues as CEO, CFO Depart

The Lordstown Endurance electric pickup truck is displayed in Lordstown, Ohio. (Tony Dejak/Associated Press) The Lordstown Endurance electric pickup truck is displayed in Lordstown, Ohio. (Tony Dejak/Associated Press)

The top two executives at Lordstown Motors have resigned from the Ohio electric truck startup as problems at the company continue to mount.

Michelle Chapman | Associated Press
June 14, 2021
Business, Logistics

CN Makes $33.7 Billion Bid for Kansas City Southern

CN Brent Lewin/Bloomberg News

A bidding war is breaking out for Kansas City Southern, with Canadian National Railway making a $33.7 billion cash-and-stock offer for the railway.

Michelle Chapman | Associated Press
April 20, 2021
Government, Business

Hertz Eyes Bankruptcy Exit Via $4.2 Billion Stake Sale

A closed Hertz car rental facility during the coronavirus pandemic in Paramus, N.J. A closed Hertz car rental facility during the coronavirus pandemic in Paramus, N.J. (Ted Shaffrey/Associated Press)

In a deal to jettison itself from under bankruptcy protection, Hertz said March 2 that it may sell a controlling stake in the company to two investment firms for $4.2 billion.

Michelle Chapman | Associated Press
March 2, 2021
Government, Business, Safety

New York Sues Amazon Over Worker Safety During Pandemic

Amazon warehouse In this March 30, 2020, file photo, workers at Amazon's fulfillment center in Staten Island, N.Y., gather outside to protest work conditions in the company's warehouse. (Bebeto Matthews/AP)

New York is suing Amazon, claiming the company failed to provide workers with a safe environment at two warehouses in the state as COVID-19 infections surged nationwide.

Michelle Chapman | Associated Press
February 17, 2021
Business, Technology, Fuel

GM Sets Goal of Going Largely Electric by 2035

A Chevrolet Bolt vehicle sits on the assembly line at GM's plant in Orion Township, Mich. A Chevrolet Bolt electric vehicle sits on the assembly line at GM's plant in Orion Township, Mich. GM has said it would take an aggressive approach to electric vehicle production in the coming years. (Jeff Kowalsky/Bloomberg News)

General Motors Co. has set a goal of making the vast majority of the vehicles it produces electric by 2035, and the entire company carbon neutral, including operations, five years after that.

Michelle Chapman | Associated Press
January 28, 2021
Business, Technology, Fuel, Autonomous

Tesla Seeks to Raise Another $5 Billion in Stock Offering

Tesla plant Tesla's Fremont, Calif., plant. (Ben Margot/AP)

Tesla is looking to raise up to $5 billion in capital through a stock offering as the electric vehicle and solar panel maker seeks to take advantage of strong demand for its products.

Michelle Chapman | Associated Press
December 8, 2020
Business

Home Depot’s Same-Store Sales Surge in Q4

Home Depot store Home Depot store in Boston by Steven Senne/AP

Home Depot reported a better-than-expected fourth quarter with strong comparable-store sales.

Michelle Chapman | Associated Press
February 25, 2020
Government, Business, Equipment

Deere Cuts Outlook for the Year Due to Flooding, Trade War

Deere products at a trade show Nati Harnik/AP

Deere & Co. cut its profit expectations for the year as beleaguered farmers and an escalating trade war with China cut into sales.

Michelle Chapman | Associated Press
August 16, 2019