FTC Investigates Exxon's $60 Billion Deal for Pioneer 

The regulator is seeking more information from the oil producers about the proposed merger.

Rio Tinto Plans $6.2 Billion Investment in Guinea Iron Ore Project 

Rio Tinto's single biggest investment over the next few years is likely to be a huge African iron ore project that could reshape global supplies of the steelmaking ingredient.

Wednesday's Republican Debate Is Opportunity to Shine for NewsNation 

Co-moderators of the fourth presidential primary debate will include former Fox News star Megyn Kelly.

Elon Musk's AI startup seeks investors with at least $2 million 

Elon Musk's artificial-intelligence startup X.Ai has filed to raise up to $1 billion in equity, according to a regulatory filing on Tuesday.

RBC Fined C$7.5 Million Over Money-Laundering Lapses 

Canada's financial-intelligence agency said it has fined Royal Bank of Canada for failing to comply with the country's rules aimed at deterring money laundering.

Mastercard Raises Dividend; Board Authorizes $11 Billion Share-Repurchase Plan 

Mastercard last raised its dividend, to 57 cents, in December 2022.

Wells Fargo Warns of Severance Costs Up to $1 Billion 

The sector has had to grapple with higher funding costs and tepid loan demand and deal-making activity.

P&G Bought Gillette 18 Years Ago. It's Still Paying the Price. 

Procter & Gamble says it will book $1.3 billion accounting charge on shaving giant it acquired in 2005.

Airbnb Appoints Ellie Mertz as New Chief Financial Officer 

The 11-year veteran succeeds Dave Stephenson, Airbnb's CFO since 2019, who was appointed as the company's first chief business officer.

CVS Plans to Overhaul How Much Drugs Cost 

The nation's largest drugstore chain is set to shift to a simpler model that could upend how American pharmacies are paid.

(END) Dow Jones Newswires

12-05-23 1915ET