News Highlights: Top Company News of the Day - Monday at 1 PM ET
Chevron to Sell Oil Sands, Shale Assets for $6.5 Billion to Canadian Natural
Chevron's Canada unit plans to sell its stakes in oil sands and shale assets to Canadian Natural Resources for $6.5 billion as part of efforts to achieve divesting goal by 2028.
Activist Starboard Value Takes $1 Billion Stake in Pfizer
The drugmaker's shares have slumped as demand for Covid-19 vaccines and treatments has slowed.
Apollo Global to Take Barnes Group Private in $3.6 Billion Deal
Barnes Group has agreed to be acquired and taken private by Apollo Global Management in an all-cash deal that values the company at $3.6 billion.
Winemaker Duckhorn Agrees to Be Taken Private in $1.95 Billion Deal
Duckhorn Portfolio has agreed to be taken private by Butterfly Equity in an all-cash deal that values the winemaker at $1.95 billion.
Equinor Buys 9.8% Stake in Orsted as Part of Renewables Push
Equinor plans to allocate more than 50% of its investments in renewable and low-carbon projects by 2050, from around 20% in 2023.
Old Drug Repurposed for Schizophrenia Could Reap Alzheimer's Windfall
Bristol-Myers' newly approved schizophrenia treatment might be coming full circle.
Thyssenkrupp Reviews Plan to Wean Itself Off Fossil Fuels
The company has been trying to turn the fortunes of its steel business around while making operations more sustainable, an effort complicated by rising costs and market conditions.
Rio Tinto in Talks to Acquire Arcadium Lithium
Mining giant Rio Tinto is in talks to buy New York-listed Arcadium Lithium, its latest attempt to establish a foothold in the fast-growing market for a critical mineral used to power electric cars.
Shell Expects Higher LNG Output But Flags Continued Refining Weakness
Shell said it expected to report that liquefied natural gas production rose in the third quarter, and that quarterly gas trading was in line with the second quarter's, potentially offsetting continued refining margin weakness.
Richemont to Sell e-Commerce Business YNAP to Mytheresa
Cartier owner Richemont has agreed to sell Yoox Net-A-Porter to luxury online platform Mytheresa in an all-share deal, and said it expected to book a $1.4 billion hit as a result.
(END) Dow Jones Newswires
October 07, 2024 13:15 ET (17:15 GMT)
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