Chevron Corp. agreed to buy Anadarko Petroleum Corp. in a $33 billion deal that adds U.S. shale oil and African liquefied natural gas and puts it in the top ranks of the world’s largest energy companies.
Author: Bloomberg News
Investors Leery of Sharp Downturn in Labor Market
Investors were on edge a year ago for signs the U.S. labor market was overheating. Now they’re primed for the opposite.
NYC Congestion Pricing Triggers Hustle for Discounts, Exemptions
Commercial truckers want out of New York City’s first-in-the-nation congestion pricing. So do advocates for the disabled, taxi drivers and swaths of the suburbs.
DSV to Buy Panalpina in $4.6 Billion European Logistics Deal
DSV A/S agreed to acquire Swiss rival Panalpina Welttransport Holding AG in a deal worth $4.6 billion that will create one of the world’s largest cargo-handling and logistics companies
China Extends Suspension of Tariffs on US Autos
The Chinese government said it will extend a suspension of retaliatory tariffs on U.S. autos and include the opioid fentanyl in a list of controlled substances, two steps that could generate a positive atmosphere for trade negotiations due to resume th…
Manhattan Drivers Could Be Facing $11.52 Toll to Drive City Streets
London did it. So did Singapore and Stockholm. Now New York may be coming around to congestion pricing.
US Pork Exports to China Could Set Record This Year
China could increase U.S. pork imports to the highest ever this year as part of its commitment to bolster purchases of American farm goods to resolve the trade war between the countries, according to sources familiar with the situation.
Yilport Said to Be in Talks for $2 Billion California Terminal
Turkey’s Yilport Holding AS is in advanced talks to buy a container terminal in Long Beach, Calif., a deal that would value the facility at close to $2 billion, people with knowledge of the matter said.
FedEx Names Don Colleran New CEO of Express
FedEx Corp. named company veteran Don Colleran president and chief executive officer of FedEx Express, the latest change linked to a shakeup of the shipping company’s top executives last month.
Financing Deals Put Tesla Closer to Making Model 3s in China
Tesla Inc. secured as much as $521 million in loans from Chinese banks to build a vehicle and battery factory in the country, putting the carmaker a step closer to producing Model 3 sedans at its first overseas plant.