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Exxon Mobil buys Pioneer Natural in $59.5 billion deal with energy prices surging

Published Wed, 05 Mar 2025 01:35:32 GMT

Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, and creating a colossal fracking operator in West Texas. Including debt, Exxon is committing about $64.5 billion to the acquisition, leaving no doubt of the Texas energy company’s commitment to fossil fuels as energy prices surge. Pioneer shareholders will receive 2.32 shares of Exxon for each Pioneer share they own.Exxon purchased XTO Energy in 2009 for approximately $36 billion. In the late 1990s, the merger between Exxon and Mobil was valued around $80 billion.The deal with Pioneer Natural expands Exxon’s presence in the Permian basin, a massive oilfield that straddles the border between Texas and New Mexico. Drilling the Permian accounted for 18% of all U.S. natural gas production last year, according to the U.S. Energy Information Administration.Pioneer’s more than 850,000 net acres in the Midland Basin will be...

MTY Food Group reports third-quarter profit and revenue up from year ago

Published Wed, 05 Mar 2025 01:35:32 GMT

MONTREAL — MTY Food Group Inc. reported its third-quarter profit rose compared with a year ago as its revenue gained 74 per cent.The restaurant company says its net income attributable to owners totalled $38.9 million or $1.59 per diluted share for the quarter ended Aug. 31.The result compared with a profit of $22.4 million or 92 cents per diluted share in the same quarter last year.Revenue totalled $298.1 million, up from $171.5 million a year earlier.Same-store sales rose three per cent compared with the same quarter last year.MTY franchises and operates quick-service, fast casual and casual dining restaurants under more than 90 different banners in Canada, the United States and internationally.This report by The Canadian Press was first published Oct. 11, 2023.Companies in this story: (TSX:MTY)The Canadian Press

Second biggest lottery prize ever is up for grabs in Powerball drawing

Published Wed, 05 Mar 2025 01:35:32 GMT

ST. LOUIS (AP) — After 35 straight drawings without a big winner, Powerball players will have a shot Wednesday at a near-record jackpot worth an estimated $1.73 billion.It would be the second largest of any lottery prize ever, topped only by the $2.04 billion Powerball won by a player in California last November. The previous No. 2 was a $1.586 billion Powerball with three winners in California, Florida and Tennessee on Jan. 13, 2016.Powerball’s terrible odds of 1 in 292.2 million are designed to generate big jackpots, with prizes becoming ever larger as they repeatedly roll over when no one wins. And wins in recent months have been few and far between.The jackpot has grown so large because there have been 35 consecutive drawings without a big winner. The previous winning Powerball ticket was sold on July 19, and it was worth $1.08 billion after 39 drawings without a jackpot win.In most states, a Powerball ticket costs $2 and players can select their own numbers or leave that task t...

Music Review: Jamila Woods’ ‘Water Made Us’ showcases what we love, and loathe, about romance

Published Wed, 05 Mar 2025 01:35:32 GMT

Love can bring great joy and great pain; no wonder it is the source material for great art. For Jamila Woods, the Chicago-based neo-soul musician and poet, romantic love is a featured topic on her third studio album, “Water Made Us.”Her first full-length project since 2019’s “Legacy! Legacy!” explores all the ins and outs of love, such as falling in it (like in the up-tempo funky track “Practice”), being burned by it (the fluid R&B of “Good News”) and healing from love lost (the mid-tempo “Wolfsheep”).Before releasing her debut album, “Heavn” in 2016, Woods was known for her work as a poet.On “Water Made Us,” that talent shines through lyrics that perfectly describe the many nuances of relationships, the bliss and the tragedy. That is abundantly apparent in songs like “Wreckage Room,” where she addresses her lover, “Don’t feel sorry if you leave/Love don’t mean you saving me.”This 17-track collection highlights Woods’ soulful vocal tone, but occasionally veers into rap. It’s a r...

Russian authorities seek to fine a human rights advocate for criticizing the war in Ukraine

Published Wed, 05 Mar 2025 01:35:32 GMT

TALLINN, Estonia (AP) — Russian authorities on Wednesday sought to impose a fine on a prominent human rights advocate on trial for criticizing the war in Ukraine, the latest step in a relentless crackdown on activists, independent journalists and opposition figures.Oleg Orlov, co-chairman of the Nobel Peace Prize-winning human rights group Memorial, has been charged with publicly “discrediting” the Russian military after he wrote a Facebook post denouncing the invasion of Ukraine. Under a law adopted shortly after the Kremlin sent troops across the border, it is a criminal offense if committed repeatedly within a year; Orlov has been fined twice for antiwar protests before facing criminal charges. A Moscow court began hearing the case in March, and Orlov faced up to five years in prison if convicted. In closing arguments Wednesday, however, the prosecution asked the court to impose a fine of 250,000 rubles (about $2,500). “Thank God!” gasped Orlov’s wife when she heard that in...

Scientists winkle a secret from the `Mona Lisa’ about how Leonardo painted the masterpiece

Published Wed, 05 Mar 2025 01:35:32 GMT

PARIS (AP) — The “Mona Lisa” has given up another secret.Using X-rays to peer into the chemical structure of a tiny speck of the celebrated work of art, scientists have gained new insight into the techniques that Leonardo da Vinci used to paint his groundbreaking portrait of the woman with the exquisitely enigmatic smile.The research, published Wednesday in the Journal of the American Chemical Society, suggests that the famously curious, learned and inventive Italian Renaissance master may have been in a particularly experimental mood when he set to work on the “Mona Lisa” early in the 16th century. The oil-paint recipe that Leonardo used as his base layer to prepare the panel of poplar wood appears to have been different for the “Mona Lisa,” with its own distinctive chemical signature, the team of scientists and art historians in France and Britain discovered.“He was someone who loved to experiment, and each of his paintings is completely different technically,” said Victor G...

Wednesday Forecast: Temps in low 60s with rain and storms expected this afternoon

Published Wed, 05 Mar 2025 01:35:32 GMT

CHICAGO — Frost Advisory until 8 a.m. Wednesday (not for central/north Cook or Lake IL). Increasing clouds, afternoon rain and storms expected. Winds: SW 0-5. High: 63. Interactive Radar: Track showers and storms here Mostly cloudy tonight with showers and storms. Winds: E 5-10. Low: 53.Thursday Forecast: Mostly cloudy, rain and storms, wide temp range, E 10-15 G25. High: 59.Full forecast details and more at the WGN Weather Center blog

Breast cancer rates are rising. But more women are surviving too 

Published Wed, 05 Mar 2025 01:35:32 GMT

(The Hill) - Tammy Moyle’s annual mammogram in March was clean. But then she discovered a small lump a few months later. The diagnosis came in August. It was early-stage invasive lobular carcinoma, an aggressive form of breast cancer that’s treatable if caught early enough. Because it was caught so early, the 45-year-old mother of three said doctors told her there’s a 96 percent cure rate. She will need 12 weeks of chemotherapy, and will also be taking an infusion drug called Herceptin for the next nine months.  "If I had to get cancer, like God forbid anyone ever gets cancer, but if I had to get cancer, I feel like this is the time to have it. You know, we have so many advancements. I feel really hopeful about my outcome,” Moyle said.    Moyle’s experience captures both the exasperation and optimism in the battle against breast cancer. While rates continue to creep up year-on-year, particularly among younger women, evolutions in diagnostics and tr...

Temperature swing ahead of this weekend

Published Wed, 05 Mar 2025 01:35:32 GMT

AUSTIN (KXAN) -- As the rain moves out, our focus now turns to our next weather-maker -- a breezy autumn cold front.Leftover moisture from former Hurricane Lidia and Tropical Storm Max continue to bring cloudy skies and spots of light rain to our area this morning. Although the clouds hold through the day, any lingering rain is expected to clear by late morning.A mix of sun and clouds can be expected tomorrow, but the main headline will be the jump in temperatures. Afternoon highs will warm well into the 80s Thursday, continuing to climb Friday with temperatures in the 90s again. This unusual autumn heat comes ahead of a dry cold front arriving late in the day Friday, clearing skies and dropping temperatures for ACL weekend two.Dry cold front brings breezy winds and cooler temperatures for the weekendACL weekend 2 looking fantastic with highs in the 70s/80s behind Friday's cold frontLong term forecast models are pointing at the potential for wetter weather for the third week of Octo...

Trudy Rubin: Israeli government strategy enabled Hamas horrors and must change to defeat them

Published Wed, 05 Mar 2025 01:35:32 GMT

“Crazy, crazy, crazy!” were the words of an Israeli friend on the phone, describing the massive Hamas attack on Saturday. An attack that was deliberately conducted on the day after the 50th anniversary of the surprise Arab attacks that began the 1973 Yom Kippur War.It was the shocking implausibility — and the personal immediacy — of what had happened, that shook my friend to her core. Many others told me this was worse than 1973, which mostly took place in the Sinai or on the Golan Heights — because this attack happened inside Israel proper, and was mainly aimed at civilians. Everyone I reached in Israel either had personal connections with someone killed or injured, or had immediate relatives or friends who have been called up by the military since the attack.How was it possible, they all asked, that hundreds of Gazan terrorists on motorcycles, bicycles and foot could cross a supposedly well-protected border, kill at least 700 Israelis in a day, and in...