McDonald's to Exit From Russia After Three Decades

The company will sell its business in Russia, joining a raft of Western firms exiting as the war in Ukraine continues. It expects to post a charge of between $1.2 billion and $1.4 billion in connection with the move.

 
Why the World's Largest Company Is a Second-Class Stock

High crude prices have created a cash bonanza for oil companies, but prices over $100 a barrel are better for the state than Saudi Aramco's other investors.

 
Macquarie Signs First Lease at Fifth Avenue Office Tower Undergoing $400 Million Redevelopment

Big lease at 660 Fifth is the latest sign that highest-price office space Is outperforming in tough leasing market.

 
Weber Shares Fall as Barbecue Brand Cuts Profit View Again

The company now expects sales to fall due as supply-chain disruptions and retail slowdowns take a toll.

 
KKR to Sell CHI Overhead Doors to Nucor, Generating Windfall for Itself and Employees

KKR said it would sell CHI Overhead Doors to steel producer Nucor for $3 billion including debt.The firm is set to make 10 times the equity it put in.

 
JetBlue to Launch Tender Offer for Spirit

JetBlue plans to launch a hostile takeover attempt for discount carrier Spirit Airlines, after Spirit rejected JetBlue's $3.6 billion offer in favor of an existing deal with Frontier Airlines.

 
ManTech Stock Surges on News of Sale to Carlyle Group

Stockholders in the government IT and cybersecurity contractor will get $96 a share, a 32% premium to the price before reports of a potential sale emerged in early February.

 
GameStop Names a New Chief Operating Officer

Nir Patel will start as chief operating officer on May 31.

 
Marriott Rolls Out Media Network That Lets Brands Reach Travelers on Its Apps and TV Screens

Marriott will use anonymized data on its guests to help brands target their ads. Walmart, Kroger, DoorDash and others have taken similar tacks, which come amid new privacy efforts.

 
Diamondback Energy Agrees to Buy Rattler Midstream for $2.2 Billion

Rattler's stock surged in premarket trading Monday.

(END) Dow Jones Newswires

May 16, 2022 11:00 ET (15:00 GMT)

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