Schlumberger profit beats as international gains offset weak North America
Schlumberger NV beat Wall Street estimates for profit on Friday, in the first quarter under Olivier Le Peuch, as higher international drilling activity boosted demand for its equipment and services and helped counter weakness in North America.
Shares sapped by poor China growth, dollar gets weekly mauling
World stocks flatlined after China posted its weakest growth in nearly three decades on Friday, while the dollar headed for its worst week in almost four months having been pummeled by pound and euro Brexit rallies.
American Express profit beats Wall Street estimates on higher consumer spending
Credit card issuer American Express Co reported a higher-than-expected rise in third-quarter profit on Friday, as more people used cards to shop, pay bills and make big ticket purchases.
Tesla’s Nuerburgring run revs up debate over speed records
Tesla Inc’s attempts to humble Porsche with a new lap record on Germany’s legendary Nordschleife racetrack have reignited a controversy about the value of lap times, as the circuit steps in to quash claims of cheating.
Futures flat as China data gloom overshadows upbeat earnings
U.S. stock index futures were little changed on Friday, as better-than-expected earnings reports were overshadowed by fresh jitters about the global economy after economic data from China revealed growth slowed to its weakest pace in almost 30 years.
Renault shares slump as profit warning deepens carmaker’s problems
A profit warning sent Renault’s shares as much as 15% lower on Friday, capping a turbulent year for the French carmaker since the arrest of long-time boss Carlos Ghosn and adding to signs of a sharp global auto industry slowdown.
Nissan on gradual recovery path, incoming CEO Uchida tells staff
Nissan Motor Co’s incoming chief executive Makoto Uchida told employees on Friday that his mission is to “restore business performance and regain trust in Nissan”.
EU will hit U.S. in time with tariffs over Boeing: Malmstrom
The European Union will impose its own tariffs “in due course” in its WTO dispute over aircraft subsidies after the United States hit EU imports with increased duties related to illegal subsidies for Airbus, EU trade chief Cecilia Malmstrom said on Fri…
Exclusive: Lampert helps bankroll Sears as woes persist after bankruptcy – sources
U.S. retailer Sears has borrowed about $150 million from lenders, including its billionaire owner Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people familiar with the matter said.
Oil ticks up as rising crude stocks are offset by products demand
Oil prices rose slightly on Friday as concern over an economic slowdown in China, the world’s biggest oil consumer, was countered by bullish signals from both the Chinese and U.S. refining sectors.
