Exxon Throws a Wrench in Chevron's $53 Billion Deal for Hess

The Texas oil company has said it could pre-emptively match the price Chevron offered Hess for its 30% stake in a booming oil prospect off of Guyana's coast. 


 
Zoom's stock jumps 13% on strong results, guidance amid AI push

Zoom Video Communications Inc.'s stock surged in extended trading Monday, after the videoconferencing company topped expectations across the board with its financial results and forecasts. The company also authorized a $1.5 billion buyback. 


 
Workday Earnings Beat Estimates and Company Agrees to Buy HR Software Firm. The Stock Still Slides.

Software firm Workday reported a strong fiscal fourth quarter, and agreed to acquire start-up HiredScore. 


 
Boeing Efforts to Improve Safety Fall Short, FAA Panel Says

Government and industry experts have completed a review of the plane maker's safety practices after two 737 MAX crashes. 


 
FTC Sues to Block $25 Billion Kroger-Albertsons Merger

The Federal Trade Commission sued to block Kroger's bid for rival Albertsons, throwing into uncertainty the fate of one of the largest supermarket deals in history. 


 
Disney's AI 'mediocrity' is holding its stock back, activist says

Activist investor Blackwells Capital blasted Disney on Monday for its "mediocrity" on artificial intelligence and augmented reality. 


 
Amazon lost nearly $1 billion on its Rivian investment last week

The selloff of Rivian's stock has been pretty painful to some high-profile corporate investors. 


 
Domino's stock jumps as 'emergency pizza' offer helps fuel earnings beat

Domino's Pizza delivered sharp gains for its shares Monday, after the pizza chain logged a profit beat for its latest quarter, amid strength in both delivery and carryout sales. 


 
KKR to Buy Broadcom's End-User Computing Division for $4 Billion

KKR said it has agreed to buy Broadcom's end-user computing division for about $4 billion, a deal that will see Broadcom divest itself of a unit it inherited through its $69 billion acquisition of VMware. 


 
Norfolk Southern Seeks to Thwart Activist With New Board Picks

The railroad proposes two new director candidates after an activist group launched a proxy battle.


(END) Dow Jones Newswires

02-26-24 1715ET