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.
October 29, 2021Michelle Chapman
Business, Fuel
Richard Drew/Associated Press
Profitable Exxon, Chevron Emerge as Global Economy Rebounds
Richard Drew/Associated Press
Business
The Home Depot location in Willow Grove, Pa. (Matt Rourke/Associated Press)
Home Depot Sales Climb, but Remodeling Frenzy May Be Cooling
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.
August 17, 2021
Business, Equipment
Wilfredo Lee/AP
Caterpillar 2Q Revenue Up on Higher Equipment Demand
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.
July 30, 2021
Business, Technology, Fuel
The Lordstown Endurance electric pickup truck is displayed in Lordstown, Ohio. (Tony Dejak/Associated Press)
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 top two executives at Lordstown Motors have resigned from the Ohio electric truck startup as problems at the company continue to mount.
June 14, 2021
Business, Logistics
Brent Lewin/Bloomberg News
CN Makes $33.7 Billion Bid for Kansas City Southern
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.
April 20, 2021
Government, Business
A closed Hertz car rental facility during the coronavirus pandemic in Paramus, N.J. (Ted Shaffrey/Associated Press)
Hertz Eyes Bankruptcy Exit Via $4.2 Billion Stake Sale
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.
March 2, 2021
Government, Business, Safety
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 Sues Amazon Over Worker Safety During Pandemic
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.
February 17, 2021
Business, Technology, Fuel
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)
GM Sets Goal of Going Largely Electric by 2035
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.
January 28, 2021
Business, Technology, Fuel, Autonomous
Tesla's Fremont, Calif., plant. (Ben Margot/AP)
Tesla Seeks to Raise Another $5 Billion in Stock Offering
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.
December 8, 2020
Business
Home Depot store in Boston by Steven Senne/AP
Home Depot’s Same-Store Sales Surge in Q4
Home Depot store in Boston by Steven Senne/AP
Home Depot reported a better-than-expected fourth quarter with strong comparable-store sales.
February 25, 2020