Total plans $5 billion of asset sales to future-proof business
French energy giant Total will sell about $5 billion of assets, mostly from its exploration and production business as it sharpens its focus on low-breakeven projects that can weather weak oil prices, it said on Thursday.
Gazprom gets bids worth $3.15 billion for sale of own shares
Gazprom , the world’s biggest conventional gas producer, said on Thursday it had received bids worth 198.89 billion roubles ($3.15 billion) for 3% of its own shares that it is selling into the market.
Wall Street falls after mixed earnings; ECB chief disappoints
U.S. stocks fell on Thursday after a handful of mixed earnings reports pointed to a slowing global economy, and as the European Central Bank chief’s comments on monetary policy failed to impress investors.
Atlanta Fed model lowers U.S. second quarter GDP estimate to 1.3%
The U.S. economy grew at a 1.3% annualized rate in the second quarter based on June data on domestic durable goods orders and advance goods trade, the Atlanta Federal Reserve’s GDPNow forecast model showed on Thursday.
Bristol-Myers posts strong second quarter earnings as Eliquis, Orencia surprise
Bristol-Myers Squibb , which is set to buy biotechnology company Celgene Corp soon for $74 billion, posted better-than-expected second-quarter earnings on Thursday on strong sales from its blood thinner Eliquis and rheumatoid arthritis treatment Oren…
Autogrill enters exclusive deal with Panera Bread for U.S. market
Italian caterer Autogrill said on Thursday it had signed an exclusive multi-year agreement with bakery chain Panera Bread to develop outlets in U.S. airports and motorways.
Exclusive: Kenya Airways goes full circle with two-year nationalization plan
Kenya will take at least 21 months to take back full control of its national carrier Kenya Airways , buying out minority shareholders and converting shares held by banks into Treasury bonds, a lawmaker briefed on the transaction said.
Comcast second-quarter profit beats Wall St., misses on revenue
Comcast Corp’s second-quarter profit on Thursday beat Wall Street estimates as it added more high-speed internet customers, but it lost more video and phone customers than expected.
U.S. business investment picking up; goods trade deficit narrows
New orders for key U.S.-made capital goods surged in June, but the jump will probably not change expectations that business investment contracted further in the second quarter and contributed to holding back the economy.
J.P. Morgan pares U.S. second quarter GDP view to 1.0%
J.P. Morgan on Thursday trimmed its prior estimate on U.S. economic growth in the second quarter to 1.00% even in the wake of a larger-than-forecast increase in domestic durable goods orders and a shrinkage in trade goods deficit in June.
