Updated Jan. 11, 2024 7:14 am ET
Chesapeake Energy and Southwestern Energy agreed to merge in an all-stock transaction valued at $7.4 billion that would create one of the largest natural-gas producers in the U.S.
The companies on Thursday said the value is based on Chesapeake’s closing price as of Wednesday.
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For travelers trying to reach their destinations during the storm-tossed holiday season last year, there was no problem identifying the Grinch who stole Christmas: It was Southwest Airlines. Southwest, it may be recalled, canceled or delayed more than 16,900 flights between Dec. 21 and Jan. 2, stranding more than 2 million passengers. The meltdown kept…
Updated Jan. 11, 2024 4:34 am ET Thomson Reuters is launching a $626 million cash bid for Pagero Group, beating a rival offer made by Vertex for the Swedish e-invoicing provider last month. Thomson Reuters said Thursday that it will begin a public tender offer to acquire all of Pagero’s shares on Friday. It intends…
A disgraced former Chinese central banker admitting to making a “huge mistake” after being arrested last year on suspicion of bribery. Fan Yifei, 59, was the highest-ranking official at the People’s Bank of China when he was arrested under President Xi Jinping’s campaign to weed out the “flies and ants” in the financial, energy and…
The Alphabet Workers Union criticises the tech giant for axing hundreds of jobs despite vast earnings.
The United Auto Workers union reached a tentative agreement on a new contract for 48,000 General Motors workers on Monday, bringing a potential end to the union’s roughly six-week strike against the “Big Three” automakers. The union said it had achieved a core demand in talks with GM: putting battery plant employees under the UAW…
The Texas walkout came one day after workers shut down Stellantis’ Ram Truck plant in Michigan.
