Occidental Seeks to Buy Anadarko for $38 Billion, Topping Chevron Deal 
 

Occidental Petroleum offered to buy Anadarko Petroleum for $38 billion, launching a potential bidding war for a company that previously agreed to be purchased by Chevron for about $33 billion.

 
737 MAX Grounding to Cost Boeing More Than $1 Billion 
 

Boeing said it would take an initial hit of more than $1 billion on the global grounding of the 737 MAX jetliner following two fatal crashes as the plane maker suspended full-year financial guidance.

 
Caterpillar Gains on Mining, Construction Strength 
 

Caterpillar beat revenue expectations for the first quarter, thanks to higher demand for its mining and construction equipment.

 
AT&T's Pay-TV Subscribers Continue to Flee 
 

AT&T's pay-TV subscriber base eroded further during the first quarter, adding pressure on the telecom and media giant's project to develop a new streaming service aimed at cord-cutters.

 
Nissan Issues Second Profit Warning as It Unwinds Ghosn's Strategy 
 

Nissan Motor issued its second profit warning this year, weighed down by a warranty extension for vehicles in the U.S. and efforts to unwind a U.S. sales strategy by former Chairman Carlos Ghosn.

 
Samsung to Invest $116 Billion to Diversify Chip Strategy 
 

Samsung Electronics said it would invest about $116 billion by 2030 to further diversify its semiconductor production beyond memory chips, as the company seeks new growth drivers.

 
Ford Accelerates Its Electric-Vehicle Push With $500 Million Stake in Rivian 
 

Ford Motor is taking a stake in electric-truck startup Rivian Automotive, the latest example of a large auto maker betting on the emergence of battery-powered vehicles.

 
SoftBank to Invest $1 Billion in Payments Firm Wirecard 
 

German payments company Wirecard received a $1 billion investment pledge from Japanese technology giant SoftBank, a vote of confidence in a company struggling to get past accounting issues in its Asian arm and investor skepticism of its financial reporting and business model.

 
General Dynamics 1Q Profit Falls, Misses Views 
 

The aerospace and defense company's net profit dropped to $745 million, or $2.56 a share, from $799 million, or $2.65 a share, a year earlier.

 
Uber Picks Citadel Securities to Handle Its IPO 
 

Uber has chosen electronic-trading giant Citadel Securities to manage its hotly anticipated initial public offering on the New York Stock Exchange.

(END) Dow Jones Newswires

April 24, 2019 11:15 ET (15:15 GMT)