Halliburton profit beats as company cuts cost; shares rise
Halliburton Co on Monday beat analysts’ estimates for second-quarter profit as its largest oil-well services unit exceeded expectations, putting the company’s shares on track for the biggest one-day gain in nearly three years.
BP says biofuel to add to rather than replace gasoline in Brazil
BP does not expect supply from additional biofuel capacity in Brazil – where it is combining its unit with U.S. grain trader Bunge’s – to replace diesel and gasoline demand, BP’s head of Alternative Energy, Dev Sanyal, told Reuters.
Bunge and BP team up for Brazil sugar and ethanol venture
U.S. commodities trader Bunge Ltd and British energy company BP Plc said on Monday they will merge their Brazilian sugar and ethanol operations to create the world’s third-largest sugarcane processor.
Equifax to pay $700 million over 2017 data breach, compensate consumers
Credit-reporting company Equifax Inc will pay up to $700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information that affected around 147 million consumers, authorities said on Monday.
U.S. stocks gain ground on trade optimism; oil climbs
U.S. stocks advanced on Monday at the start of a heavy earnings week, while European shares overall were little changed, as investors took heart from potential progress in U.S.-China trade talks and escalating geopolitical tensions sent oil prices high…
Microsoft to pay criminal fine to settle U.S. anti-bribery charges
Microsoft Corp agreed on Monday to pay about $25.3 million, including a criminal fine, to settle U.S. charges it made improper payments that were used to bribe government officials in Hungary and other countries.
Philadelphia Energy Solutions files for bankruptcy after refinery fire
Philadelphia Energy Solutions filed for Chapter 11 bankruptcy protection, the company said on Monday, its second such filing in less than two years, after a fire last month prompted it to close the largest refinery on the U.S. East Coast.
Toshiba Memory sees ‘good chance’ of M&A in push for data center business
Japan’s Toshiba Memory said there was a “good chance” of acquisitions as it pushes to increase its share of the market for advanced storage products used in data centers.
Microsoft settles U.S. charges it violated anti-bribery law, accepts criminal fine: SEC
Microsoft Corp agreed to pay more than $25 million, including an $8.75 million criminal fine imposed on its Microsoft Hungary unit, to settle U.S. charges it violated a federal anti-bribery law, the U.S. Securities and Exchange Commission said on Monda…
Wall Street gains as earnings season gathers steam
U.S. stocks rose on Monday, lifted by technology companies, as investors eyed fresh U.S.-China trade developments during a busy week of corporate earnings with results from marquee names including Facebook and Amazon on tap.
