Exxon Mobil profit disappoints Wall Street, Chevron shines
HOUSTON (Reuters) – Exxon Mobil Corp posted a rare earnings miss on Friday, the only international oil producer to do so last quarter, as production slipped in its African and Canadian operations.
Amazon everywhere: E-commerce titan is topic companies can’t avoid
NEW YORK (Reuters) – What looms over businesses as far flung as car repair, lab equipment and swimming pool gear? In a word, Amazon.
Tesla climbs as Musk prepares to hand over first Model 3 cars
SAN FRANCISCO (Reuters) – Shares of Tesla Inc rose nearly 1 percent on Friday ahead of a handover to customers of its first Model 3 sedans, the electric cars that Chief Executive Officer Elon Musk is betting will propel his company into the mass market…
Banks must face interest rate swap class action: U.S. judge
NEW YORK (Reuters) – A U.S. judge on Friday said investors may pursue part of their nationwide antitrust lawsuit accusing 12 of the world’s biggest banks of conspiring to rig the $275 trillion market for interest rate swaps.
Chip stocks show signs of slowing with more earnings on tap
NEW YORK (Reuters) – High-flying semiconductor stocks may be poised for more losses in the coming weeks as a large swath of chip names reports quarterly results in a sector that may have run up too far for some investors.
Wells Fargo faces angry questions after new sales abuses uncovered
NEW YORK (Reuters) – New revelations that Wells Fargo & Co spent years enrolling unknowing borrowers in costly auto insurance has put the bank under new pressure to answer for a months-long scandal over sales practices that have harmed millions of Americans.
Walmart Chile workers vote to go on strike
SANTIAGO (Reuters) – The union representing workers at Lider, Wal-Mart Stores Inc’s main supermarket chain in Chile, said on Friday they had voted to go on strike for higher pay.
Google, Facebook show power of ad duopoly as rivals stumble
SAN FRANCISCO (Reuters) – Quarterly results from Alphabet Inc and Facebook Inc provided fresh evidence this week that the digital advertising market is effectively a duopoly, a dynamic with deep implications for two of Silicon Valley’s titans.
Deutsche Boerse’s Kengeter in close contact with LSE in run-up to merger talks: Der Spiegel
FRANKFURT (Reuters) – Deutsche Boerse’s Chief Executive Carsten Kengeter, who is under investigation for insider trading, frequently met and spoke by telephone with his London Stock Exchange counterpart in the months before they announced official mer…
Kors needs to buckle down for Jimmy Choo deal to shine
(Reuters) – U.S. retailer Michael Kors is betting that its acquisition of storied shoemaker Jimmy Choo will give sales a much-needed boost, but lingering problems at Kors’ core bag business could delay potential benefits.
