Antitrust regulators are set to prevent Hess Corp. ( HES ) CEO John Hess from joining the board of Chevron Corp. ( CVX ) as part of a $53-billion merger deal. What Happened: Chevron ( CVX ) has tentatively agreed to this condition to secure approval for the merger, The Wall Street Journal reported on Friday, citing sources familiar with...

03:07 PM EDT, 09/26/2024 (MT Newswires) -- (Updates with latest stock movement in the first paragraph.) Concentrix ( CNXC ) shares tumbled nearly 18% in recent trading Thursday, a day after reporting lower-than-expected earnings. The company reported fiscal Q3 non-GAAP earnings late Wednesday of $2.87 per diluted share, up from $2.76 a year earlier. Four analysts polled by Capital IQ...

DUBLIN (Reuters) - The lead European Union privacy regulator fined social media giant Meta 91 million euros ($101.5 million) on Friday for inadvertently storing some users' passwords without protection or encryption. The inquiry was opened five years ago after Meta notified Ireland's Data Protection Commission (DPC) that it had stored some passwords in 'plaintext'. Meta publicly acknowledged the incident at...

07:01 AM EDT, 09/27/2024 (MT Newswires) -- Apple ( AAPL ) is rethinking its strategy to release movies in theaters and planning to make roughly a dozen movies annually, Bloomberg reported Friday, citing unnamed people familiar with the matter. The firm's commitment to spend $1 billion a year on movies will not change, but Apple's ( AAPL ) approach towards...