business

The mining-and-construction equipment maker said demand for its power generators remained strong, as it raised its sales-growth forecast for the year. Source link

Bending Spoons secured $2.8 billion in debt financing to help fund the deal and for other investments. Source link

U.S. crude oil inventories posted a bigger-than-expected decline of 6.9 million barrels last week as imports fell and exports rose, said the EIA. Source link

CEO Dan Schulman said that the telecommunications provider hasn’t been able to translate its years of heavy network investment into customer growth, especially amid fierce competition that has pressured pricing. Source link

CVS Health raised its guidance for the rest of the year, boosted by improved performance at its Aetna insurance unit. Source link

Hormel Foods warned that earnings in the latest quarter were squeezed by price pressures, bird flu and a fire that damaged its Arkansas peanut butter production facility. Source link

Fannie Mae’s net income and revenue fell in its latest quarter from a year earlier, reflecting adverse conditions in the housing market that it helps to keep in motion. Source link

Jamf said it agreed to be acquired by Francisco Partners in an all-cash deal valued at approximately $2.2 billion. Source link

Adjusted operating income fell 10%, dragged by oil prices, though this was partially offset by a 7% rise in production and higher gas prices in the U.S. Source link

The company has cut thousands of drivers as it tries to improve profitability. Source link