Reuters: Business News
Chevron profit falls 27 percent on lower oil prices, Anadarko deal in focus
Fri, 26 Apr 2019 10:27:50 -0400
Chevron Corp's first-quarter profit fell 27 percent from a year earlier due to lower crude oil prices and weaker margins in its refining and chemicals businesses, but topped forecasts and signalled it is committed to buying smaller rival Anadarko Petroleum Corp.
Exxon Mobil's first-quarter profit misses estimates on lower oil, gas prices
Fri, 26 Apr 2019 10:27:20 -0400
Exxon Mobil Corp on Friday reported a 49 percent fall in first-quarter profit that missed forecasts due to lower oil and gas prices and weakness across its major businesses that outweighed modest production gains.
American to take $350 million hit from 737 MAX, sees ungrounding this summer
Fri, 26 Apr 2019 10:26:15 -0400
American Airlines Group Inc cut its 2019 profit forecast on Friday, blaming an estimated $350 million hit from the grounding of Boeing's 737 MAX planes, but said it was confident that the jets would start flying again before mid-August.
Daimler hurt by production delays at Mercedes, China slowdown
Fri, 26 Apr 2019 10:25:11 -0400
Daimler's first-quarter operating profit fell 16 percent on Friday as a 718 million euro ($800 million) one-off gain failed to offset raw material costs, technology investments and production delays at three Mercedes-Benz factories.
Trump says U.S.-China trade talks are going very well
Fri, 26 Apr 2019 10:14:49 -0400
U.S. President Donald Trump on Friday said trade talks with China are going very well, as the world's two largest economies seek to end talks with a trade agreement to defuse tensions.
GDP growth gives U.S. leverage in China trade talks: White House adviser
Fri, 26 Apr 2019 10:13:28 -0400
Strong economic growth and modest inflation in the United States are giving Washington leverage over Beijing during trade talks and could give the U.S. central bank room to cut interest rates, a White House adviser said on Friday.
Wall Street dips as technology stocks weigh
Fri, 26 Apr 2019 10:13:13 -0400
U.S. stocks dipped on Friday, as technology shares took a hit from Intel's disappointing quarterly report, while investors assessed data that showed domestic growth was boosted by temporary factors in the first quarter.
U.S. opens criminal probe into Ford emissions certification
Fri, 26 Apr 2019 10:09:40 -0400
Ford Motor Co said on Friday the U.S. Justice Department has opened a criminal investigation into the automaker's emissions certification process in the United States, the latest company to come under scrutiny by U.S. officials.
Slack posts $141 million annual loss as it files to go public
Fri, 26 Apr 2019 10:03:09 -0400
Slack Technologies, operator of the popular workplace instant-messaging app, reported an annual loss of $140.7 million, the company said on Friday ahead of its planned public market debut.
Shareholders back Credit Suisse pay report despite complaints
Fri, 26 Apr 2019 09:57:53 -0400
Shareholders approved Credit Suisse's 2018 compensation report with an 82 percent majority on Friday, overriding frustrations expressed at its annual general meeting over jumps in executive pay during a year its share price plummeted.
Take Five: Dollar darling. World markets themes for the week ahead
Fri, 26 Apr 2019 09:53:17 -0400
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
American Airlines executives 'confident' 737 MAX will be ungrounded by Aug. 19
Fri, 26 Apr 2019 09:26:41 -0400
American Airlines Group Inc executives said on Friday that they are "confident" that Boeing Co's 737 MAX aircraft will be ungrounded by Aug. 19.
Trade, inventories power U.S. economy to 3.2 percent growth in first quarter
Fri, 26 Apr 2019 09:21:33 -0400
U.S. economic growth accelerated in the first quarter, but the burst in growth was driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, temporary factors that are likely to reverse in the coming quarters.
ADM considers ethanol spinoff as first-quarter profit falls on severe weather
Fri, 26 Apr 2019 09:15:03 -0400
Archer Daniels Midland Co said on Friday it was considering spinning off its ethanol business after slim biofuel margins and Midwestern floods slammed the U.S. grains merchant's profit, which tumbled 41 percent in the first quarter.
U.S. April auto sales seen falling as higher prices keep away young buyers: J.D. Power, LMC Automotive
Fri, 26 Apr 2019 09:13:33 -0400
U.S. auto sales are expected to drop about 3.5 percent in April from a year-ago period, as rising prices and reduced incentives pinch buyers at the lower end of the spectrum, according to industry consultants J.D. Power and LMC Automotive.
China's Xi says Belt and Road must be green, sustainable
Fri, 26 Apr 2019 09:06:18 -0400
China's Belt and Road Initiative (BRI) must be green and sustainable, President Xi Jinping said in opening a summit on his grand strategy, adding that the massive infrastructure and trade plan would deliver "high-quality" growth for all.
Uber sets terms for IPO, posts $1 billion first-quarter loss
Fri, 26 Apr 2019 08:54:24 -0400
Ride-hailing company Uber Technologies Inc is aiming for a valuation of up to $91.5 billion in its initial public offering, potentially the largest U.S. listing in years and a test of investor appetite for a high-growth but highly unprofitable business.
Activist investor Bramson may get bloody nose at Barclays AGM
Fri, 26 Apr 2019 08:51:48 -0400
Activist investor Edward Bramson is likely to fail in his attempt to get a board seat at Barclays' annual meeting next week, even though shareholders are dissatisfied with performance of the group's investment bank.
Britain calls China's Belt and Road Initiative a 'vision'
Fri, 26 Apr 2019 08:19:38 -0400
Britain is committed to help realize the potential of China's Belt and Road Initiative (BRI), British finance minister Philip Hammond said on Friday, describing the policy as a "vision".
Britain must get to bottom of Huawei leak: UK finance minister
Fri, 26 Apr 2019 08:04:55 -0400
Britain must get to the bottom of the leak of confidential discussions during a top-level security meeting about the role of China's Huawei Technologies in 5G network supply chains, British finance minister Philip Hammond said on Friday.
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