Schlumberger narrowly beats profit estimates as costs weigh
(Reuters) – Oilfield services provider Schlumberger NV scraped past first-quarter profit estimates on Friday as higher costs weighed on a strong performance in its North America business.
Boeing, Brazil’s Embraer close to tie-up: report
SAO PAULO (Reuters) – Talks aimed at a tie-up between planemakers Boeing Co and Embraer SA that also involve Brazil’s government are at an advanced stage, O Estado de S. Paulo newspaper reported on Friday, citing unnamed sources.
Biogen boosts investment in neurology with $1 billion Ionis deal
(Reuters) – Biogen Inc struck a $1 billion neurology drug development deal with Ionis Pharmaceuticals on Friday, expanding a partnership that developed the company’s potential blockbuster drug for spinal muscular atrophy.
GE’s adjusted profit tops estimates, shares rise
(Reuters) – General Electric Co posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher in premarket trading.
Futures inch higher after strong GE, Honeywell results
(Reuters) – U.S. stock index futures nudged higher on Friday following strong earnings from industrial heavyweights General Electric and Honeywell.
South Korea’s antitrust chief says expects change in Samsung governance ‘in near future’
SEOUL (Reuters) – South Korea’s antitrust chief on Friday said he expects Samsung Group to unravel its governance structure in the near future, as the government and investors call for reform of the country’s powerful family-controlled conglomerates, o…
Schlumberger profit surges on higher oil prices
(Reuters) – Oilfield services provider Schlumberger NV reported an 88 percent rise in quarterly profit on Friday as rising crude oil prices encouraged its North American clients to ramp up spending.
GE’s profit from continuing ops triples, power profit falls
(Reuters) – General Electric Co’s said Friday quarterly profit from continuing operations more than tripled, helped by strength in its aviation and healthcare businesses.
China trade body urges tighter corporate compliance after ZTE woes: document
BEIJING (Reuters) – A state-backed Chinese trade body said compliance is now a core risk for Chinese firms and that the government must speed up the implementation of guidelines on corporate oversight following a U.S. ban on sales to ZTE Corp.
Facebook to roll out political ad feature in time for German state vote
BERLIN (Reuters) – Facebook said on Friday it would roll out a new feature designed to make political advertising more transparent in time for a key German regional election, as it seeks to restore trust after a massive data breach.
