Airlines’ Atlantic pact guards against budget rivals and Brexit
BERLIN/NEW YORK (Reuters) – A transatlantic alliance between three global airlines will shore up their position in the lucrative UK-U.S. market, shielding them from low-cost rivals and the uncertainties of Britain’s exit from the European Union.
Starbucks shares tumble on fears of slowing U.S. growth
(Reuters) – Starbucks Corp’s shares were on track for their worst one-day decline in five years on Friday as the coffee chain’s latest quarterly report triggered concerns of a slowdown in sales in the United States, its biggest market.
Amazon’s big profit miss spooks investors, but analysts stay bullish
(Reuters) – A steeper-than-expected drop in quarterly profit rattled some Amazon.com investors, but Wall Street analysts remained largely bullish about the company’s aggressive spending plans.
VW’s Audi to replace 4 out of 7 management board members: sources
MUENCHEN (Reuters) – Volkswagen’s luxury brand Audi will replace four out of seven management board members, three sources said on Friday.
AbbVie’s profit beats on Humira, Imbruvica demand
(Reuters) – U.S. drugmaker AbbVie Inc reported quarterly earnings on Friday that edged past analysts’ expectations, helped by robust demand for its flagship rheumatoid arthritis drug, Humira.
Wall Street set to open lower as Amazon weighs on tech stocks
(Reuters) – U.S. stock indexes looked set to open lower on Friday as Amazon’s profit miss took a toll on technology shares.
Chevron swings to quarterly profit as costs drop
(Reuters) – Chevron Corp swung to a quarterly profit on Friday, helped largely by resurgence in oil and gas production as prices jumped and costs slipped.
JPMorgan plans cost cuts in Sapphire Reserve card unit: WSJ
(Reuters) – JPMorgan Chase & Co is pushing for fresh cost cuts of about $200 million in the unit that oversees Sapphire Reserve credit card, the Wall Street Journal reported on Friday.
Exxon profit nearly doubles, but falls short of expectations
(Reuters) – Exxon Mobil Corp, the world’s largest publicly traded oil producer, said on Friday its quarterly profit nearly doubled on surging margins at its operations outside the United States, but results fell shy of Wall Street’s expectations.
American Airlines revenue, adjusted profit beats forecasts
(Reuters) – American Airlines Group Inc on Friday reported quarterly revenue and adjusted profit that beat analyst projections, helped by strong passenger demand and improving average fares.
