Chevron sets first capital spending budget increase in 4 years
Chevron Corp plans to spend $20 billion next year on oil and natural gas projects, the second-largest U.S. oil producer said on Thursday in a statement, its first increase in four years.
Broadcom earnings beat on strong demand for data center products
Broadcom Inc on Thursday reported quarterly revenue and profit above analysts’ estimates, driven by strong demand for its enterprise storage and networking products from data centers, sending its shares up 5 percent in extended trading.
White House huddles with tech execs on future of jobs
The Trump administration, which has had strained relations with technology companies, met on Thursday with top tech executives to discuss ways to “ensure American dominance” of innovation and the future of high tech jobs.
Tesla plans to use stock-cash mix to pay off March debt: Bloomberg
Tesla Inc will pay a 50-50 mix of stock and cash to holders of its bonds due in March, if they elect to convert the debt, Bloomberg reported on Thursday, citing a copy of the settlement notice.
S&P 500, Dow slip on trade worries, but end off of lows
The S&P 500 and Dow industrials ended slightly negative but well above their session lows in volatile trading on Thursday as the arrest of a Chinese technology executive fanned fears of U.S-China tensions over trade, while some beaten-up big technology and internet shares posted gains.
Chevron projects $20 billion spending budget for 2019
Chevron Corp , the second largest U.S.-based oil producer, is budgeting $20 billion for capital projects next year, the company said on Thursday.
GM CEO faces harsh criticism from U.S. lawmakers over Mexico investments
General Motors Chief Executive Mary Barra came under harsh criticism from members of Congress from Michigan on Thursday for building a new vehicle in Mexico while ending production at five North American assembly plants and cutting nearly 15,000 jobs….
Fiat Chrysler to add second Jeep assembly plant in Detroit: sources
Fiat Chrysler Automobiles plans to build Jeep Grand Cherokee SUVs in a mothballed Detroit plant in 2020, four people familiar with the plans told Reuters on Thursday.
Northrop Grumman wins $450 million U.S. defense contract: Pentagon
The U.S. Defense Department on Thursday awarded a $450 million contract to Northrop Grumman Corp to produce the Joint Threat Emitter, a mobile air defense threat simulator, as well as support equipment, testing and training.
Texas and New Mexico shale basins hold 49 years worth of oil: USGS
The largest oil field in the United States holds as much as 49 years worth of oil at current production rates, according to data from a report released on Thursday by the U.S. Geological Survey (USGS).
