Business & Finance News
(Reuters) – U.S. wireless carriers T-Mobile US Inc and Sprint Corp are finalizing terms as they seek to sign a merger deal in the next three days, people familiar with the matter said on Friday.
HOUSTON (Reuters) – Weak refining margins dinged first-quarter results for Exxon Mobil Corp and Chevron Corp , though Chevron’s oil production gains outshone its larger rival, which has struggled to turn operations around after recent missteps. Refining and chemical operations hurt two of the world’s largest integrated energy companies for the second consecutive quarter, highlighting concerns about the impact of volatile oil prices on their businesses.
LONDON (Reuters) – World stocks rose on Friday, lifted by strong share price gains for tech giants such as Amazon and Facebook and growing hopes of a lasting peace on the Korean peninsula after a ground-breaking meeting of North and South Korean leaders.
WASHINGTON (Reuters) – The United States on Friday labeled 36 countries as inadequately protecting U.S. intellectual property rights, keeping China on its “Priority Watch List” for the 14th straight year and adding Canada and Colombia to that list for extra scrutiny.
(Reuters) – Amazon and Microsoft pushed the Nasdaq higher on Friday, but weak reports from Exxon and other energy companies capped gains on the S&P 500 and the Dow Jones Industrial index.
(Reuters) – Weak refining margins dinged first-quarter results for Exxon Mobil Corp and Chevron Corp , though Chevron’s oil production outshone its larger rival, which has struggled to turn operations around after recent missteps.
(Reuters) – The tech-heavy Nasdaq opened 1 percent higher on Friday after stellar results from Amazon, Microsoft and Intel, while a 3 percent drop in Exxon weighed on the Dow and S&P.
BRASILIA (Reuters) – Companies from Brazilian state oil company Petróleo Brasileiro SA to commodities giant Louis Dreyfus Company and German car giant Volkswagen AG could face hefty bills after Brazil’s Supreme Court this month allowed local governments to charge property taxes to operators of public concessions.
(Reuters) – U.S. oil refiner Phillips 66 posted a better-than-expected quarterly profit on Friday, helped by a 28 percent rise in net income from its chemicals unit.
(Reuters) – Twenty-First Century Fox Inc said on Friday, Jeffrey Ubben has stepped down from the company’s board at a time when the media company is in the process of completing a deal with Walt Disney Co .
(Reuters) – Nasdaq futures surged on Friday after stellar results from Amazon, Microsoft and Intel, and other equity index futures pared losses after data showed the economy slowed in the first quarter, but not as much as feared.
HOUSTON (Reuters) – U.S. oil producer Chevron Corp posted a better-than-expected first-quarter profit on Friday thanks to rising crude prices and production.
WASHINGTON, April 27 (Reuters) – The U.S. economy slowed in the first quarter as consumer spending grew at its weakest pace in nearly five years, but the setback is likely temporary against the backdrop of a tightening labor market and large fiscal stimulus.
HOUSTON (Reuters) – U.S. oil producer Chevron Corp said on Friday its first-quarter profit jumped 36 percent thanks to rising crude prices and production.
(Reuters) – Amazon.com Inc’s 20 percent hike in the cost of Prime membership should deliver more than $1 billion in extra revenue this year and cover any “rational” hike in United States Postal Service delivery fees, Wall Street analysts said on Friday.
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