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Lyft details fuel surcharge to help offset rising gas prices

Lyft will add a fuel surcharge of 55 cents to each ride given by drivers to offset surging gasoline prices. The company said earlier this week that it would be following DoorDash and...

Ford ramping up electric vehicles in Europe

Ford says it will have three new electric passenger vehicles and four new electric commercial vehicles in Europe by 2024, part of the automaker's continued push to grow its presence in the EV market. ...

As war in Ukraine intensifies, US gasoline hits record $4.17

The average price of gasoline in the U.S. hit a record $4.17 per gallon Tuesday as the country banned Russian oil imports after its invasion of Ukraine. The national average rose by...

Bed Bath & Beyond shares soar as Ryan Cohen takes huge stake

The investment firm of billionaire Ryan Cohen has taken a large stake in Bed Bath & Beyond and is recommending that the struggling retailer sell all or part of its business. RC V...

Microsoft closes on $16 billion acquisition of Nuance

Microsoft has closed on its approximately $16 billion acquisition of speech recognition company Nuance. The deal, which was announced last year, helps Microsoft Corp. get more entren...

Ford's fork in the road: EV, internal combustion are split

Ford will split its electric vehicle and internal combustion operations into two individual businesses to accelerate its adaptation of new technology and the Detroit automaker said Wednesday that its ...

TD Bank bids $13B for First Horizon in southeastern US push

Toronto-Dominion Bank is buying regional bank First Horizon in a $13.4 billion all-cash deal, its biggest ever, hoping to broaden its footprint in the southeastern U.S. The deal woul...

Home Depot sales remain strong in 4th quarter

Home Depot saw its sales remain strong in its fourth quarter as it continues to benefit from a sizzling housing market. Sales for the three months ended Jan. 30 rose to $35.72 billio...

Exxon returns to Q4 profit as demand continues to improve

Exxon Mobil returned to a profit in its fourth quarter as demand for oil continues to improve. The oil and natural gas company earned $8.87 billion, or $2.08 per share for the final ...

Vista, Evergreen to take Citrix private in $16.5B deal

Affiliates of investment firms Vista Equity Partners and Evergreen Coast Capital are taking cloud computing company Citrix Systems Inc. private in an all-cash deal valued at $16.5 billion. ...

Huge demand at Caterpillar, but global supply constrains

Caterpillar's sales surged in the final quarter of the year despite ongoing disruptions in the global supply chain that have hit almost every sector of the economy. Executives said ...

Mattel wins back rights for Disney Frozen, princess products

Toy company Mattel has won back the licensing rights for Disney's princess and “Frozen" franchises. The reunion comes after Hasbro bested the rights for the “Frozen" and princess pr...

Shareholder wants Peloton to consider selling the company

Activist investor Blackwells Capital is asking Peloton to remove CEO John Foley and consider selling the company just a few days after a media report said the exercise and treadmill company was tempor...

Grand Theft Auto maker buys FarmVille company in $12.7B deal

Take-Two Interactive, maker of “Grand Theft Auto” and “Red Dead Redemption,” is buying Zynga, maker of “FarmVille” and “Words With Friends,” in a cash-and-stock deal valued at about $12.7 billion. ...

A weak quarter at Bed Bath & Beyond, and shares soar

Losses widened at Bed Bath & Beyond as a tangled global supply chain continued to squeeze sales and the home goods chain lowered expectations for its final fiscal quarter, and also its full-year r...