Jeffrey Ubben steps down from Fox board
(Reuters) – Twenty-First Century Fox Inc said on Friday, Jeffrey Ubben has stepped down from the company’s board at a time when the media company is in the process of completing a deal with Walt Disney Co .
Chevron first-quarter profit beats expectations on rising crude prices
HOUSTON (Reuters) – U.S. oil producer Chevron Corp posted a better-than-expected first-quarter profit on Friday thanks to rising crude prices and production.
Exxon first quarter profit misses estimates on refining, chemical woes
HOUSTON (Reuters) – Exxon Mobil Corp , the world’s largest publicly traded oil producer, posted a lower-than-expected quarterly profit on Friday as weakness in its chemical and refining operations offset a boost from higher crude prices .
U.S. economy slows in first quarter as consumer spending brakes sharply
WASHINGTON, April 27 (Reuters) – The U.S. economy slowed in the first quarter as consumer spending grew at its weakest pace in nearly five years, but the setback is likely temporary against the backdrop of a tightening labor market and large fiscal sti…
Prime hike gives Amazon warchest for fight over postal costs
(Reuters) – Amazon.com Inc’s 20 percent hike in the cost of Prime membership should deliver more than $1 billion in extra revenue this year and cover any “rational” hike in United States Postal Service delivery fees, Wall Street analysts said on Frida…
Canada’s Imperial Oil reports 55 percent rise in profit
(Reuters) – Canada’s oil producer and refiner Imperial Oil Ltd reported a 55 percent rise in quarterly profit, as strength in its refining and chemicals businesses offset discounted Canadian crude prices.
Nasdaq futures rise on strong earnings from Amazon, Microsoft
(Reuters) – Nasdaq futures rose on Friday, after stellar results from Amazon, Microsoft and Intel, while other stock index futures were subdued ahead of first-quarter U.S. GDP data.
From Disney to Dior, Norway wealth fund challenges CEO pay
OSLO (Reuters) – Executive pay is firmly in the crosshairs of Norway’s $1 trillion sovereign wealth fund as it puts its votes to work at some of the more than 9,000 companies it is invested in.
Colgate’s sales disappoint, shares fall
(Reuters) – Colgate-Palmolive Co’s quarterly sales just met analysts’ estimates on Friday as demand in emerging markets including Latin America was below its expectations, sending its shares down 3 percent in premarket trading.
Amazon ad sale boom could challenge Google-Facebook dominance
SAN FRANCISCO/NEW YORK (Reuters) – Amazon.com Inc’s expanding business of selling space on its site to merchants helped it double profits on Thursday, and some see the move as a step toward taking advertising dollars from Google and Facebook Inc.
