FedEx Corp. lost $11 billion in market value, wiping out two years of stock gains, after withdrawing its earnings forecast on worsening business conditions.

Tenneco Inc. agreed to be acquired by affiliates of Apollo Global Management Inc., taking the auto parts supplier out of the public market after years of share declines and business upheaval.

Goodyear Tire & Rubber Co. tumbled the most since the beginning of the COVID-19 pandemic after the company said inflationary pressures are likely to continue this year, tarnishing a quarter in which results outpaced expectations.

Canadian National Railway Co. dropped the most in eight months after saying that Jim Vena, a former executive favored by shareholder TCI Fund Management Ltd. to run the company, had dropped from consideration to replace CEO Jean-Jacques Ruest.