DoorDash to Buy Instacart for $17 Billion
DoorDash said the deal values Instacart at $65 a share.
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Polymarket Investigating Suspicious Trades on Israel Election
The trades under investigation came in shortly before polls closed for the Israeli election, betting that Benjamin Netanyahu would do better than his opponent.
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Cleveland-Cliffs to Retain Stelco Amid Jobs Dispute With Canadian Government
Cleveland-Cliffs is ruling out selling Stelco until the business improves production and 175 laid-off workers return to their jobs, an effort Chief Executive Lourenco Goncalves said hinges on Canadians buying the company's steel products.
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Josh Kushner's Thrive to Buy ADT for $7.6 Billion
Thrive will pay $10 a share in cash for the home-security company, a 35% premium to Wednesday's closing price of $7.41.
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Chevron Is Back to Searching for Oil and Gas in Far-Flung Places
The company is riding financial and political tailwinds to further oil exploration and investment, while global conflicts crimp energy supplies.
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Universal Music Logs Higher Revenue as Subscriptions, Streaming Pick Up
The company's revenue increased to $3.78 billion in the third quarter as growth from subscriptions and streaming services showed signs of a rebound.
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Caterpillar Sales Jump on Growing AI Demand, But Wall Street Wanted More
Caterpillar said sales climbed in the latest quarter, though the increase failed to clear Wall Street's high expectations.
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Eli Lilly Revenue Climbs on Demand for Obesity Drugs
The pharmaceutical company's third-quarter profit came in at $6.45 billion, or $7.22 a share, compared with $5.58 billion, or $6.21 a share, a year earlier.
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Mastercard Profit Rises on Payment Network, Services Growth
The credit-card company posted a third-quarter profit of $4.63 billion, or $5.28 a share, as revenue grew 14% to $9.81 billion.
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Clorox Names Unilever's Fabian Garcia as CEO
Clorox has hired Unilever executive Fabian Garcia as its next chief executive. Garcia will step into the role effective Jan. 5, succeeding Linda Rendle who announced in May that she was stepping down for health reasons.
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Gulf Oil Giants Work to Expand Overseas Storage As War Exposes Supply Risks
With the Iran war threatening key energy infrastructure and shipping lanes, producers are increasingly looking beyond their borders to keep crude flowing.
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Hershey's Sales Rise Despite Growing Consumer Caution
The maker of Reese's Peanut Butter Cups and Twizzlers posted a third-quarter profit of $580.8 million, or $2.88 a share, compared with $276.3 million, or $1.36 a share, a year earlier.
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Shell Maximizes Diesel Production During Supply Crunch
The British energy major ran its refineries hard in the third quarter to maximize diesel production during an unprecedented supply squeeze.
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Altria Lifts Earnings Outlook as Profit, Revenue Climb
The tobacco company posted a third-quarter profit of $2.52 billion, or $1.51 a share, compared with $2.38 billion, or $1.41 a share, a year earlier.
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Bristol Myers Squibb Raises Outlook as Quarterly Revenue Rises
Bristol Myers Squibb raised its full-year revenue outlook due to higher third-quarter revenue.
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