Chevron swings to quarterly loss on $10 billion in charges
Chevron Corp swung to a fourth-quarter loss on $10.4 billion in charges as it stepped up efforts to cull unprofitable assets amid weak oil and gas prices.
Airbus to pay $4 billion to settle corruption probe: French prosecutor
European planemaker Airbus will pay 3.592 billion euros ($3.98 billion) to settle corruption probes by U.S., British and French authorities into contract dealings, France’s financial prosecutor said on Friday.
U.S. consumer spending rises steadily; inflation remains tame
WASHINGTON (Reuters – U.S. consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which together with slumping business investment likely set the economy on a slower growth path this year.
Wall St. set to open lower on virus fears
U.S. stock indexes were on course to open lower on Friday, as worries over the impact of the coronavirus epidemic on global growth overshadowed the latest batch of upbeat quarterly earnings reports.
Exxon quarterly profit falls 5.2% on weak refining, chemical margins
Exxon Mobil Corp on Friday reported a 5.2% drop in fourth-quarter profit on weaknesses in chemicals and refining and flat oil and gas output, with asset sales helping to stem the decline.
Wars and viruses: Are robots less prone to market panic?
Widely blamed for volatile “flash crashes” in currencies and equities, high-frequency algorithms may also be why shock global events, including the current coronavirus, seem to have lost their power to spook markets for any length of time.
Global funds prefer stocks despite risks still at play: Reuters poll
Funds increased their preference for stocks to a two-year high at the expense of bonds and cash holdings in their model global portfolio recommendations this month in a Reuters poll, despite world share markets struggling on the coronavirus breakout.
Global funds prefer stocks despite risks still at play
Funds increased their preference for stocks to a two-year high at the expense of bonds and cash holdings in their model global portfolio recommendations this month in a Reuters poll, despite world share markets struggling on the coronavirus breakout.
Top U.S. fund firms split over new limits on shareholder votes
Pending U.S. securities rules that would limit shareholder proposals have divided passive and active U.S. fund firms as some take a harder line on issues like climate change.
Factbox: Airlines suspend China flights due to coronavirus
Airlines are suspending flights to China in the wake of the new coronavirus outbreak, which as of Friday had killed more than 200 people and infected nearly 10,000 people.
