Bombardier shares slide after Boeing seeks U.S. anti-dumping probe
TORONTO (Reuters) – Bombardier shares fell as much as 5.45 percent on Friday after Boeing Co sought an anti-dumping probe against the company, adding to growing trade tensions between the United States and Canada.
Surging Chevron, Exxon profits signal oil industry turnaround
HOUSTON (Reuters) – Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat analysts’ quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil expansions.
Goldman Sachs shareholders approve executive pay plan
(Reuters) – Goldman Sachs Group Inc’s compensation plan received the approval of 93 percent of shareholders at the bank’s annual meeting on Friday after the pay structure for Chief Executive Officer Lloyd Blankfein was simplified.
Chevron profit beats expectations on cost cuts, asset sales
HOUSTON (Reuters) – Oil producer Chevron Corp posted a better-than-expected quarterly profit on Friday due to cost cuts, asset sales and rising crude prices .
U.S. labor costs accelerate in first quarter
WASHINGTON (Reuters) – U.S. labor costs recorded their biggest gain since 2007 in the first quarter, suggesting wage growth was picking up as the labor market nears full employment.
Exxon Mobil profit beats Street as oil prices move higher
HOUSTON (Reuters) – Exxon Mobil Corp , the world’s largest publicly traded oil producer, posted a better-than-expected quarterly profit on Friday, helped by rising crude prices and cost cuts.
U.S. truck, crossover sales drive GM profit beat
DETROIT (Reuters) – General Motors Co on Friday reported better-than-expected first-quarter net income driven by strong sales of its profitable large pickup trucks and crossovers in the United States.
Google’s search for non-ad revenue puts spotlight on cloud, Pixel
(Reuters) – Alphabet Inc’s non-advertising business, which houses its cloud unit, Pixel smartphones and the Play store, has long been sandwiched between Google’s advertising juggernaut and its moonshot ventures that have captured popular imagination.
Wall Street slips on weak GDP data, but indexes rise in April
NEW YORK (Reuters) – Stocks edged lower on Wall Street on Friday after data showing the U.S. economy grew at its weakest pace in three years in the first quarter gave traders a reason to cash recent gains.
Westinghouse says will operate normally in Asia, Europe despite Chapter 11
BEIJING (Reuters) – Toshiba Corp’s Westinghouse Electric Co unit will continue operating normally in Asia and Europe, despite the ongoing Chapter 11 restructuring, an executive at the troubled company said on Friday.
