Exxon Mobil Corp. said Monday that it will buy domestic energy company XTO Energy Inc. in an all-stock deal valued at $41 billion as the blue-chip giant moves to boost its presence in the unconventional-natural-gas business.
The Treasury Department has told four bailed-out companies that they can't pay some top earners more than $500,000 cash per year. But it's told the official who made that decision that the rule shouldn't always apply.
Treasury Secretary Timothy Geithner told Congress Wednesday that the administration will extend the government's financial bailout program until next fall, saying it's needed to protect against fresh economic shocks.
Comcast Corp. announced Thursday morning that it will acquire a controlling interest in entertainment giant NBC Universal Inc. from General Electric Co. for an initial $6.5 billion in cash and, in a bid to neutralize criticism of the deal, pledged in a letter from high-level Comcast executive David Cohen that the cable giant would respect the editorial independence of NBC News.