Industry
FTC Orders Rollins to Stop Enforcing Noncompetes for Over 18,000 Workers
FTC says Rollins' noncompetes barred many low-wage workers; agency orders company to stop enforcement and warns other pest-control firms.
Finance
Markets, economy, and industry.
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Industry
FedEx and Pilots Reach Tentative Deal to Raise Pay About 40% and Deliver Large Back Pay
FedEx and its pilots’ union reached a tentative multi‑year pact to raise hourly pay about 40% in 2026 and deliver substantial retroactive cash.
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Industry
Raytheon Signs $3.7 Billion Deal to Supply Patriot GEM‑T Missiles to Ukraine as German Line Scales Production
RTX says it signed a $3.7B direct commercial sale of Patriot GEM‑T interceptors to Ukraine, backed by a new production line in Schrobenhausen, Germany.
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Industry
Dow Elevates COO Karen S. Carter to CEO; Jim Fitterling to Become Executive Chair on July 1, 2026
Dow will name COO Karen S. Carter CEO on July 1, 2026; current CEO Jim Fitterling becomes executive chair as the company advances its transformation.
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Industry
Beijing Court Orders Liquidation of Zhongzhi Group and 316 Affiliates; Creditors Must File Claims by June 10
Beijing court orders substantive consolidation and liquidation of Zhongzhi Enterprise Group and 316 affiliates; creditors must file claims by June 10.
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Industry
Chevron Warns Accounting ‘Timing Effects’ and Working‑Capital Outflow Could Cut Billions From Q1 Results
On April 9, Chevron warned marking derivatives, LIFO inventory and a $2–4bn working‑capital outflow could trim roughly $2.7–$3.7bn from Q1 results.
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Industry
Maersk Keeps Ships on Longer Detours Despite Two‑Week Ceasefire for Strait of Hormuz
Maersk will keep vessels on longer detours despite a US‑Iran two‑week ceasefire that could allow limited, conditional transit through the Strait of Hormuz.
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Industry
Neurocrine to Buy Soleno for $2.9 Billion, Picks Up Prader‑Willi Drug VYKAT XR
Neurocrine will acquire Soleno for $2.9B to add VYKAT XR, the newly approved Prader‑Willi hyperphagia drug, aiming to expand its rare‑disease portfolio.
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Industry
Samsung Forecasts Record Quarterly Profit as AI Memory Chips Boom
Samsung projects a record Q1 2026 operating profit of about ₩57.2 trillion, driven largely by surging demand for AI memory chips.