The oil and gas producer announced a definitive agreement to buy Paloma Permian LLC in a cash deal, significantly expanding its drilling inventory while also declaring a quarterly dividend.
The commercial vehicle maker's shares surged after it reported a significant second-quarter earnings beat, raised its full-year forecast, and revealed a 44% surge in new orders, led by a boom in US demand.
The European Commission has fined Alphabet's Google a total of €890 million ($1 billion) for violating the Digital Markets Act, but noted that constructive talks may help the tech giant avoid further penalties as it works toward compliance.
IBM has acquired HRL Laboratories, a research firm previously owned by Boeing and General Motors, to add a second, parallel technology path to its quantum computing development efforts.
The investment bank's second-quarter net income fell to just $5 million, weighed down by an unusually high tax rate and a slump in its financial advisory division, though its asset management arm posted record inflows.
Health insurer Cigna Group announced its artificial intelligence tools are projected to save customers $200 million in medical costs over the next three years by identifying and supporting patients with complex health conditions.
U.S. stock futures retreated as disappointing results from Alphabet and Tesla raised concerns about the cost of AI investments. A surge in oil prices past $98 a barrel amid Middle East tensions further weighed on market sentiment.
Shares in the UK pub group fell over 4% after a third-quarter trading update revealed flat like-for-like sales, a significant slowdown that the company attributed to a European heatwave impacting its food-led brands.
American Airlines shares fell sharply after the carrier cut its full-year profit forecast, citing soaring fuel costs that overshadowed a second-quarter earnings beat and record revenue.
