U.S. oil producer Occidental Petroleum Corp (OXY.N) will increase dividend payments to shareholders once it gets debt levels to $25 billion, Chief Executive Vicki Hollub said on Friday. "We are…
Category: Business
McAfee nears deal to sell itself to Advent for over $10 bln
Cyber security firm McAfee Corp (MCFE.O) is nearing a deal to sell itself to U.S. private equity firm Advent International for more than $10 billion, the Wall Street Journal reported…
SolarWinds investors allege board knew about cyber risks
SolarWinds Corp (SWI.N) investors have sued the software company's directors, alleging they knew about and failed to monitor cybersecurity risks to the company ahead of a breach that created a…
EV maker Rivian boosts IPO price range, aims for $65 bln valuation
Rivian Automotive, backed by Amazon.com Inc (AMZN.O), on Friday significantly raised the expected offer price of its shares, with the electric vehicle manufacturer aiming for a valuation of as much…
Boeing directors agree to $237.5 million settlement over 737 MAX safety oversight
Boeing Co (BA.N) current and former company directors have reached a $237.5 million proposed settlement with shareholders to settle a lawsuit over the board's safety oversight of the 737 MAX…
Tesla to open Canada battery gear factory in Markham, Ontario -mayor
Tesla Inc opened a factory to produce battery manufacturing equipment in the Canadian city of Markham, Ontario, the city said on Friday, as the electric carmaker ramps up the production…
Vietnam’s Vietjet agrees deal with Airbus on plane delivery timings
Vietnamese budget airline Vietjet Aviation JSC (VJC.HM) said it had signed an agreement with Airbus SE (AIR.PA) on Friday involving the timing of deliveries of 119 planes on order with…