News Highlights: Top Company News of the Day
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
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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