Michelle Chapman

Business, Technology

Broadcom to Buy VMware for $61 Billion

VM Ware HQ VMware headquarters in Palo Alto, Calif., by Paul Sakuma/AP

Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite rising inflation and economic uncertainty.

Michelle Chapman | Associated Press
May 26, 2022
Business, Logistics

Home Depot Overcomes Slow Start to Year, Rising Home Prices

Home Depot Associated Press Photo/Wilfredo Lee, File

Home Depot’s first-quarter sales improved despite a slow spring start, and the home improvement chain raised its full-year guidance.

Michelle Chapman | Associated Press
May 17, 2022
Government, Business, Technology, Autonomous

Elon Musk to Join Twitter’s Board

Musk Musk took a 9% stake in Twitter. (Susan Walsh, File/Associated Press)

Elon Musk is joining Twitter’s board of directors a day after disclosing that the Tesla CEO took a 9% stake in the social media platform.

Michelle Chapman | Associated Press
April 5, 2022
Business, Equipment

Caterpillar Pushes Through Supply Constraints in Strong Q4

Caterpillar equipment Rogelio V. Solis/AP

Caterpillar’s sales surged in the final quarter of the year despite ongoing disruptions in the global supply chain that have hit almost every sector of the economy.

Michelle Chapman | Associated Press
January 28, 2022
Business, Fuel

Profitable Exxon, Chevron Emerge as Global Economy Rebounds

Exxon sign Richard Drew/Associated Press

ExxonMobil reversed the losses it suffered last year during the pandemic with a $6.75 billion third-quarter profit as demand pushes the price for a barrel of crude past $80 for the first time in years.

Michelle Chapman | Associated Press
October 29, 2021
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

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