Oracle co-CEO Mark Hurd passes away
Oracle Corp co-Chief Executive Officer Mark Hurd passed away on Friday, the business software maker said.
In oil-rich region, Venezuelans fear catastrophe if Trump forces Chevron to leave
With the $2 he earns in wages each week working as a cargo driver for Venezuelan state oil company PDVSA, 56-year-old Freddy Brito cannot even afford to buy one kilogram (2.2 lb) of cheese.
Dollar weakens on Brexit, shares sapped by weaker China growth
The dollar posted its worst week in almost four months on Friday, pummeled by sterling and euro rallies driven by a deal on Britain’s departure from the European Union, while China’s weakest growth in nearly three decades weighed on equities.
Oil steady as China economic concerns counter rising refinery runs
Oil prices steadied on Friday, with countervailing signals from China’s economy and refining sector balancing each other out, while hopes rose for progress toward a U.S.-China trade agreement after optimistic signals emerged from negotiations.
Kansas City Southern profit beats, signals strength in fourth quarter
Railroad operator Kansas City Southern on Friday reported a better-than-expected quarterly profit, helped by an increase in refined fuel shipments to Mexico and ongoing cost cuts.
American Express profit beats estimates as consumers shrug off slowdown fears
Credit card issuer American Express Co reported a higher-than-expected quarterly profit that highlighted the health of the U.S. consumer even as fears mount that a manufacturing-led weakness could spread to the broader economy.
Schlumberger takes $12 billion charge as CEO charts new course
Schlumberger NV’s new chief executive wielded an axe to the company’s asset-heavy businesses, taking a $12.7 billion charge in the face of weaker shale drilling and sliding profits.
Exclusive: Aramco makes relatively little from foreign refining – documents
Documents from Saudi Aramco show that the world’s largest oil firm earns only a limited proportion of its profit from foreign refining ventures, an area in which the company plans huge investment.
Wall Street treads water as earnings counter China data gloom; J&J falls
Wall Street struggled for direction on Friday as upbeat earnings reports calmed nerves about the global economy after China expanded at its weakest pace in almost 30 years, with Johnson & Johnson also weighing on the blue-chip Dow index.
Take Five: Super Saturday, Super Mario
Britain may be about to draw a line under almost 3-1/2 years of political chaos, economic uncertainty and tortuous discussions with the European Union over the terms of its exit from the bloc. If the UK parliament gives its nod to the divorce deal Prim…
