Exxon Mobil Corp’s operating profits fell last quarter for the fourth consecutive period, according to a regulatory filing on Tuesday that showed all three of its major businesses slumping from a year ago.
The once-booming U.S. shale revolution seems to have reached its peak, with production continuing to fall as investors cut their ties and hit the road …read more […]
The financial backers to Libra did not want to attract regulatory scrutiny and declined Facebook’s requests to publicly support the project, according to the Journal report. Policy executives from Libra Association, the cryptocurrency’s two dozen backers, have been summoned to a meeting in Washington, D.C., on Thursday, the WSJ reported. …read more […]
Q2 2020 CalAmp Corp Earnings Call …read more […]
Visa , Mastercard Inc and other key financial partners may reconsider their involvement in Facebook Inc’s cryptocurrency, Libra, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
(Bloomberg Opinion) — News that the U.S. government accepted some and rejected other tariff-exemption requests by Apple Inc. offers a veneer of triumph both for Tim Cook and President Donald Trump. As a result of the decision, the company could have to shell out more for components of the Mac Pro. It also means the victors from this charade are neither Texas – where the computer will be assembled – nor China, where the parts will be sourced. More likely, countries such as Vietnam, Mexico and Taiwan will reap the spoils, as they’ve done throughout the trade war.Companies including HP …read more […]
Deere & Co on Tuesday announced indefinite layoffs for 163 U.S. manufacturing workers at plants in Illinois and Iowa that make agricultural, forestry and construction equipment, citing decreased customer demand.
A group of drug retailers and distributors asked an Ohio federal appeals court Tuesday to disqualify the judge overseeing national opioid litigation after the judge himself denied their requests. Walmart, Walgreens, CVS, Rite Aid and drug distributors AmerisourceBergen, McKesson and Cardinal Health told the 6th U.S. Circuit Court of Appeals in Cincinnati that Cleveland-based U.S. District Judge Dan Polster is not impartial. Polster made the initial ruling on their claim, declining Thursday to remove himself from the massive multidistrict litigation and insisting he has remained neutral. …read more […]
(Bloomberg) — David Einhorn’s value-oriented Greenlight Capital hedge funds surged in September amid the market’s temporary shift away from long-favored momentum stocks and toward inexpensive equities.Greenlight gained 8.4% across its funds, bringing returns for the year to a weighted average of 24%, according to an update sent to clients Tuesday.Einhorn, who has remained committed to his strategy of buying beaten-down stocks while shorting growth companies, is in the midst of a resurgence following his worst year on record. His New York-based firm, which oversaw $12 billion at its peak, lost 34% in its main fund in 2018.The fund manager has …read more […]
Oil futures sank on Tuesday as weak U.S. economic data dimmed crude’s demand outlook and pressured prices, while reports of a third-quarter decline in output from the world’s largest oil producers kept oil from falling further.
Yahoo Finance’s Jen Rogers, Myles Udland, Adam Shapiro and Heidi Chung discuss how a weak manufacturing report impacted the market. …read more […]
Q2 2019 Natuzzi SpA Earnings Call …read more […]
General Motors de Mexico says it will perform “preventive” maintenance to facilities and equipment at its Silao manufacturing complex while it is shut down due to a labor dispute in the United States. The company says that “for the moment,” its facilities in Ramoz Arizpe, San Luis Potosi and Toluca are operating normally. The 16-day strike by auto workers forced GM de Mexico to shut down the Silao plant starting Tuesday, affecting 6,000 workers. …read more […]
New bipartisan legislation in the U.S. Congress would change the way hotels and online travel agencies display what one supporter called “the most-hated fee in travel,” hotel resort fees. Democratic Congresswoman Eddie Bernice Johnson of Texas and her Republican peer Jeff Fortenberry of Nebraska have introduced the Hotel Advertising Transparency Act of 2019, a measure […] …read more […]
Opioid litigation increasingly affecting credit outlooks for drug makers and distributors. …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
