Retailers slip on Amazon’s one-day delivery plan
Shares of Walmart, Target and other U.S. retailers fell on Friday as Amazon.com Inc unveiled a one-day delivery plan for its Prime members in a move to further disrupt the fiercely competitive retail landscape.
Chevron, Anadarko launch integration planning: CEO
Chevron Corp on Friday pushed back at the potential for a rival to break up its $33 billion deal for Anadarko Petroleum Corp, saying the two companies had already begun meetings on a merger plan.
U.S. economy expands 3.2 percent in first quarter; growth details weak
U.S. economic growth accelerated in the first quarter, but the burst in growth was driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, temporary boosters that are seen weighing on the economy later this year…
Ending tough week, Tesla sinks to lowest level in two years
Tesla Inc’s stock slumped over 4% on Friday to its lowest price in two years, rounding out a rough week that included worse-than-expected quarterly results and a pitch by Chief Executive Elon Musk on autonomous cars that failed to win over investors.
U.S. says WTO national security ruling ‘seriously flawed’
The United States said on Friday a World Trade Organization ruling on national security was “seriously flawed”, a warning not to use it as a precedent to judge U.S. President Donald Trump’s tariffs on imported steel and cars.
Oil drops 3 percent after Trump again tells OPEC to lower prices
Oil prices tumbled more than 3 percent on Friday after U.S. President Donald Trump again pressured the Organization of the Petroleum Exporting Countries to raise crude production to ease gasoline prices.
American Airlines cuts outlook on 737 MAX, sees jets flying again by mid-August
American Airlines Group Inc cut its 2019 profit forecast on Friday, blaming an estimated $350 million hit from the grounding of Boeing’s 737 MAX planes during its busiest travel season, but said it was confident the aircraft would start flying by mid-A…
Exxon Mobil, Chevron dogged by refining, chemicals troubles
Exxon Mobil Corp and Chevron Corp on Friday reported lower profits, citing lower margins and refining weaknesses, areas that have plagued the two oil companies off and on for more than a year.
Exclusive: Wells Fargo taps headhunter Spencer Stuart to find new CEO – sources
Wells Fargo & Co’s board has retained executive search firm Spencer Stuart to hunt for a new chief executive, ideally a woman who can tackle its regulatory and public perception issues, two people familiar with the matter said.
Global stocks mostly inch up but dollar eases in wake of U.S. GDP data
Global stock markets mostly edged higher on Friday as data showing U.S. economic growth accelerated in the first quarter offset corporate earnings disappointments, while the dollar fell against a basket of currencies.
