Chevron to acquire Hess for $53 billion in latest major oil deal
The Chevron-Hess deal comes less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion.
Source: bostonglobe.com
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Airline stocks lose their year-to-date gains as industry 'divergence' emerges
Airline stocks are down for the year, giving up their rally from the first half of 2023. But some names are better poised to handle the turbulence than others.
Source: yahoo.com
Snapchat isn't just for teens anymore. Now it needs to make some real money
When Snapchat announced last month that it had reached 5 million paying subscribers for its Snapchat+ service, it seemed like a stunning achievement. The milestone marked the halfway point to the 10 million subscriber number that CEO Evan Spiegel had just months earlier identified as a “medium-term” goal.
Source: cnn.com
Netflix founder Reed Hastings stepping down as co-CEO
Netflix announced Thursday that its founder Reed Hastings is stepping down as co-CEO at the company and will serve as executive chairman. Hastings will be replaced by co-CEOs Ted Sarandos and Greg Peters.
Source: cnn.com
Exxon Acquires Pioneer Natural Resources for $60 Billion
The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, increases the company’s presence in the Permian basin in Texas and New Mexico.
Source: nytimes.com