Offshore drilling contractor Noble Corp. on Monday said it will acquire rival Diamond Offshore Drilling in a cash and stock deal with an implied value of $15.52 per share.
The Japanese economy shrank at almost the same pace as initially estimated in the January-March quarter due to sluggish spending by households and companies, revised government data showed Monday.
Activist investor Elliott Investment Management has taken a large stake in Southwest Airlines and intends to push for changes, the Wall Street Journal reported late Sunday.
Stocks will enter the week near all-time highs as investors await a key inflation reading and guidance from the Federal Reserve.
After 2022’s inflation surge, many economists were convinced the nation was destined for a recession. Today, executives, at least, are not nearly as worried.
Apple’s WWDC kicks off Monday with CEO Tim Cook’s keynote address.
Virgin Galactic Holdings Inc. successfully completed the final commercial flight of the space tourism company’s Unity spacecraft Saturday, marking an important milestone for the firm.
The world’s largest sovereign wealth fund has said it will vote against ratifying Elon Musk’s $56 billion pay award at Tesla, as the largest remuneration package in U.S corporate history comes under shareholder scrutiny.
