BHP Makes Offer for Rival Anglo American in Potential Mega Mining Deal

The mining giant has offered to buy its longtime rival with a market cap of about $35 billion, in a deal that could reshape the global mining industry. 


 
Mercer Raises $3.9 Billion for Multi-Asset Private Capital Fund

Private Investment Partners VII is designed to provide broad private markets exposure to investors that lack the internal resources to identify the best managers. 


 
Meta's Costs Rise Rapidly as Zuckerberg Vows to Keep Spending on AI Arms Race

Meta Platforms reported record first-quarter sales, building on AI momentum in its ad business, although investors soured on forecasts of rising costs. 


 
SK Hynix Returns to Profit, Expects Market Recovery on AI Boom

The world's second-largest memory-chip maker expects a recovery in the memory-chip market this year as it swung to a net profit after five straight quarters of losses. 


 
Chipotle says it's seen no impact yet on consumers from California wage increases

Shares of Chipotle Mexican Grill Inc. rose after hours on Wednesday after the fast-casual Mexican food chain reported first-quarter results that beat expectations, helped by demand for limited-time menu items. 


 
Ford stock rises as EV losses are held in check and hybrid sales surge

Carmaker reports a better-than-expected quarter, and EV losses were around Wall Street expectations. 


 
Lam Research Stock Slips Despite Solid Earnings

The semiconductor equipment company reported revenue of $3.8 billion, up 0.9% from a year earlier. 


 
IBM to Buy HashiCorp in $6.4 Billion Deal

IBM will pay $35 a share for the cloud-software company in cash, giving the company access to HashiCorp's roster of some 4,400 clients. 


 
Goldman Sachs and Bank of America shareholders reject proposals to separate chair and CEO roles

Votes mark victories for Goldman's David Solomon and Bank of America's Brian Moynihan. 


 
McKinsey Under Criminal Investigation Over Opioid-Related Consulting

Justice Department is investigating the consulting firm's advice to manufacturers of OxyContin and other opioid products.


(END) Dow Jones Newswires

04-25-24 0115ET