Exxon, Chevron third-quarter profits jump on rising commodity prices
HOUSTON (Reuters) – Exxon Mobil Corp and Chevron Corp, two of the world’s largest oil producers, said on Friday their quarterly profits each jumped about 50 percent, helped by rising commodity prices and lower costs.
CVS-Aetna deal gets Wall Street thumbs up amid Amazon entry fears
(Reuters) – U.S. pharmacy operator CVS Health Corp’s move to buy health insurer Aetna Inc will broaden their reach in the industry and could spark another round of dealmaking in a sector dreading Amazon’s arrival, analysts said.
S&P, Nasdaq up on strong tech earnings, GDP data
(Reuters) – The S&P and the Nasdaq opened higher on Friday as strong earnings from technology giants and a better-than-expected quarterly GDP growth lifted investor sentiment. The Dow was little changed, weighed down by Chevron.
Inventories, trade support U.S. third-quarter economic growth
WASHINGTON (Reuters) – The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter as an increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in consumer spending and a decline in con…
Tenet Healthcare to lay off about 1,300 employees
(Reuters) – Tenet Healthcare Corp said on Friday it would lay off about 1,300 employees, or 1 percent of its total workforce, as the hospital operator looks to cut costs by $150 million in 2018.
Place your bets for the Brexit rate hike
LONDON (Reuters) – To hear some economists talk, the Bank of England is about to make a big mistake – raise interest rates just as the economy heads into what could be a major storm.
Exxon Mobil’s profit jumps 50 percent on higher oil, natgas prices
HOUSTON (Reuters) – Exxon Mobil Corp , the world’s largest publicly-traded oil producer, said on Friday its quarterly profit jumped 50 percent on higher crude and natural gas prices.
No end in sight for tech giant share gains
(Reuters) – The world’s biggest technology companies are only getting bigger and, for now, Wall Street analysts think there’s no stopping them.
U.S. probes Ford Fusion cars for potential detached steering wheels
(Reuters) – The U.S. National Highway Traffic Safety Administration said Friday it is opening a preliminary investigation into 841,000 Ford Motor Co cars over concerns steering wheels could detach while driving.
As Trump tax comes to floor, failure could spell stocks selloff
NEW YORK (Reuters) – Investors are increasingly pricing in the effect of a corporate tax cut into the shares of U.S. companies, leaving the market primed for a steep sell-off if the Republican-controlled Congress fails to pass one of President Donald T…
