Latest News Updates From Michelle Chapman

Government, Business, Equipment

General Motors Trims 2025 Guidance

General Motors is lowering its profit expectations for the year as the carmaker braces for a potential impact from auto tariffs as high as $5 billion in 2025.

May 1, 2025
Business, Private

Dollar Tree Sells Family Dollar for $1 Billion

Dollar Tree is selling Family Dollar to a pair of private equity firms for $1 billion after a decade of trying to make its acquisition of the bargain chain fit.

March 26, 2025
Business, Private

91ÊÓÆµ Depot Breaks Same-Store Sales Slump in Q4

91ÊÓÆµ Depot broke a two-year slump in same-store sales during the fourth quarter as customer demand improved in a housing market that has been buffeted by soaring mortgage rates.

February 25, 2025
Business, Equipment

GM Reports Q4 Loss on Charges Related to China

General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street.

January 28, 2025
Government, Business

Investor Seeks to Quash US Steel-Nippon Deal

An asset manager is seeking to quash Nippon Steel’s takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company.

January 27, 2025
Business, Fuel

Exxon Mobil Profit Tops Q3 Expectations

Exxon Mobil’s third-quarter profit beat analysts’ expectations, as the oil and gas giant was helped by contributions from Pioneer Natural Resources, a recent acquisition.

November 1, 2024
Business, Equipment

Stellantis, Seeking to Revive Sales, Makes Leadership Changes

Stellantis announced a number of significant leadership changes, including the timing of CEO Carlos Tavares’ retirement as it struggles to revive sales in North America.

October 11, 2024
Business, Private

91ÊÓÆµ Depot Trims Outlook for 2024

91ÊÓÆµ Depot’s Q2 sales rose slightly as the retailer benefited from an $18 billion acquisition this spring, but customers continued to rein in spending.

August 13, 2024
Business, Fuel

Exxon Mobil Profit Rises on Pioneer Acquisition

Exxon Mobil recorded one of its largest Q2 profits in a decade on surging quarterly production from oil and gas fields, as well its $60 billion acquisition of Pioneer Natural Resources.

August 2, 2024
Business, For-Hire

UPS Boosts Volume in US for First Time Since 2022

UPS boosted its volume in the U.S. for the first time since 2022 during its second quarter, but profit and revenue fell short of Wall Street expectations, partly due to a hefty charge.

July 23, 2024