Sprint loses fewer-than-expected phone subscribers
Sprint Corp on Friday reported fewer-than-feared losses in quarterly net phone subscribers who pay a monthly bill, as the U.S. wireless carrier’s cheaper plans helped it retain customers amid its pending merger with larger rival T-Mobile US .
Exxon Mobil profit drops on weakness in natural gas, chemicals, refining
Exxon Mobil Corp reported a 21% drop in quarterly profit on Friday, hit by weaker natural gas prices, lower refining profits and a loss in its U.S. chemicals business.
Exclusive: Novelis must offer concessions or face EU veto to $2.6 billion Aleris deal – sources
U.S. aluminum maker Novelis [NVLXC.UL] must offer concessions to European Union competition authorities by Aug. 9 to gain approval for its $2.6 billion takeover of aluminum processor Aleris [TXPACA.UL], sources close to the matter said.
Exchange operator Cboe profit beats on options and futures trade
Cboe Global Markets Inc beat analysts’ estimates for quarterly profit on Friday, as strength in the exchange operator’s options and futures business offset a softer trading environment in other areas.
Exclusive: Full restart of Codelco’s Chuquicamata smelter delayed until end of October – sources
(This Aug. 1 story corrects to show that the smelter is ramping up; adds Codelco statement)
Trump tariff threat hits Wall Street for second day
U.S. stock index futures slid on Friday, after an escalation in trade tensions with China renewed fears of a global economic slowdown, ahead of a closely watched jobs report.
Oil prices rebound more than 2% after plunge on Trump’s tariff vow
Oil prices rose around 2% on Friday, regaining ground after their biggest falls in years on U.S. President Donald Trump’s threat to impose more tariffs on Chinese imports.
Ferrari core earnings rise but shares slide after no upgrade to guidance
Shares in Ferrari went into reverse on Friday as the Italian luxury carmaker failed to lift its guidance for 2019 despite strong results in the first part of the year.
Fed, trade confusion upending Wall Street investment playbooks
As Federal Reserve Chair Jerome Powell on Wednesday described why the central bank’s interest rate cut should not be seen as the start of a lengthy easing cycle, the U.S. stock market was losing value at a rate of over $25 billion a minute.
Google to allow Android users in Europe choose default search engine
Google will let Android device users in Europe choose their default search engine from four options, including Google search, the U.S. company said, as it tries to quash EU antitrust concerns and stave off fresh penalties.
