Finance

BURBANK, Calif. — The Walt Disney Company announced it will acquire the 33% stake in Hulu currently held by Comcast, following Comcast’s November 1 exercise of its right under...

SAN RAMON, Calif. & NEW YORK — Chevron Corporation announced it has entered into a definitive agreement to acquire all of the outstanding shares of Hess in an all-stock transaction...

CHARLOTTE, N.C. (PRNewswire) — Ally Financial Inc. announced that Jeffrey J. Brown will be stepping down early next year after serving as Chief Executive Officer and a member of Ally's Board...

The Grand Rapids-based New Community Transformation Fund has raised nearly $12 million after a $500,000 donation from Steelcase Foundation.

SEOUL, Korea and PLANO, Texas  – LG Energy Solution and Toyota Motor North America, Inc. announced they have signed a supply agreement for lithium-ion battery modules to be used in...

As expected, the Federal Reserve’s Open Market Committee unanimously held the fed funds target steady at a range of 5.25% to 5.50% at its Sept. 20 interest rate decision....

FRUITPORT, Mich. — P&THE Manufacturing, LLC, a MBE holding company that provides high performing manufacturing solutions through business acquisitions and joint ventures, announced the purchase of the assets (property,...

COLUMBUS, Ind., PORTLAND, Ore., BELLEVUE, Wash. – Accelera by Cummins, Daimler Trucks and PACCAR are partnering to accelerate and localize battery cell production and the battery supply chain in...

CALGARY, Alberta — Enbridge Inc. announced that it has entered into three separate definitive agreements with Dominion Energy, Inc. to acquire EOG, Questar and PSNC for an aggregate purchase...

J.C. Penney plans to invest more than $1 billion by fiscal 2025 toward improving its operations and customer experience. According to published reports, the chain will put money into digital...

MIAMI (PRNewswire) — Subway announced that it has entered into a definitive agreement to be acquired by affiliates of Roark Capital. The transaction is a major milestone in Subway's multi-year...

PITTSBURGH (Business Wire) — United States Steel Corp., confirmed that it had invited its rival, Cleveland-Cliffs Inc., to participate in its previously announced strategic review process. U.S. Steel then rejected...

Plymouth, Mich. – Community Financial Credit Union, a non-profit financial institution owned and governed by its members, this week unveiled its new brand identity featuring a symbolic logo, vibrant...

An executive order signed Wednesday by President Joe Biden would block and regulate high-tech U.S.-based investments going in Chinese technology. It covers advanced computer chips, micro electronics, quantum information technologies...

As expected, the Federal Open Market Committee raised the fed funds rate by 0.25 percentage points to a range of 5.25% and 5.50% at its July 26 interest rate...

Rocket Companies has appointed Varun Krishna, currently an executive vice president at Intuit, as its new CEO, effective Sept. 5.

As expected, the Federal Reserve raised the federal funds target a quarter percentage point to a range of 5.25% to 5.50% at the July 26 meeting of the Federal...

LANSING, Mich. — LAFCU has appointed Leslie Rorie as chief financial officer, the first African American to hold the position in the Michigan credit union’s 87-year history. Rorie, a resident...

Barriers are made to be broken, and Apple has broken another one. Apple recently became the first publicly traded company to close a day of trading with a $3 trillion...

SALT LAKE CITY (Globe Newswire) – Overstock.com, Inc., a leading online furniture and home furnishings retailer, announced the consummation of its acquisition of certain intellectual property assets of the Bed...