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The Gazette in Medina, Ohio

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

The Gazette

Location

Medina, Ohio, United States of America

Date

Oct 24, 2023

Page

4

Chevron to Buy Hess for Fifty Three Billion in Stock

Chevron to acquire Hess Corp for 53 billion dollars in stock valued at about 60 billion including debt. The deal adds Hess oil fields in Guyana and Bakken shale properties, with Hess shareholders to receive 1 0 2 5 0 Chevron shares per Hess share and approval from Hess shareholders pending.

Chevron Hess Corp Russia Ukraine Chevron-Hess Exxon Mobil Pioneer Natural Resources Saudi Arabia Israel Hamas Middle East U.S Energy Information Administration China CNOOC Hess South America Mike Wirth U.S Noble Energy ConocoPhillips Concho Resources Britain North Sea United Nations John Hess NYMX New York Mercantile Exchange Chicago Board of Trade CME Chicago Mercantile Exchange ICE Intercontinental Exchange AmrenBalAm CptWidGrincAm CptlIncBldrAm FdmillavsAm Grfamrca m Incamrca m Invcamrca m NwPrspctvAm Wamtinvsam Baird Dodge & Cox Incl Dodge & Cox Intistkl Dodge & Cox Fidelity Fidelity BC Growth Fidelity Contrafund Fidelity Group Vanguard Vanguard EqIncAdmrl Vanguard GridxAdmil Vanguard Intiteadmil Vanguard InsidxIns Vanguard InsidxInsPlus Vanguard MdCpldxAdmrl Vanguard PrmCpAdmrl Vanguard Stinvmgrdadmrl Vanguard Tibmidxadmil SEC The Associated Press

UAW Expands Strike To Stellantis Ram Plant

The United Auto Workers walkout expands to the Sterling Heights Michigan Stellantis Ram pickup plant as 6800 workers join the strike. The action comes days after talks with GM and Stellantis showed progress but Ford remained unreachable. The six week strike now spans seven plants and 38 parts warehouses, with about 41000 workers affected. Stellantis claims its latest offer improves wages and retirement contributions but the union seeks more. Analysts expect further strike expansions as the union presses for better terms.

United Auto Workers Union Detroit Stellantis Sterling Heights Michigan Shawn Fain General Motors Ford UAW Ling Heights Wedbush Dan Ives Fain Ives

Wall Street mixed finish follows bond yield surge

Wall Street closed mixed as the S P 500 slipped 0.2 percent to 4217.04, the Dow fell 0.6 percent to 32936.41 and the Nasdaq rose 0.3 percent to 13018.33. Rising yields boosted tech and high growth stocks while concerns about rates and Gaza war pressure linger. Strong Nvidia and Microsoft gains helped limit losses amid a wave of earnings ahead from General Motors, Microsoft and Amazon.

New York Wall Street Nvidia Microsoft Treasury Seema Shah Principal Asset Management U.S Federal Reserve Fed USS Gaza Strip Iran Gaza General Motors Amazon America

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