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Exxon's Growth Gambit Failing to Yield Higher Profits Exxon Mobil Corp. is still struggling to bolster its bottom line, nearly two years into a plan to substantially boost oil and gas production by spending more than rivals. The Texas giant reported a 5% drop in fourth-quarter earnings Friday compared with the same ...
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In Talks on Taxing Tech Companies, It's America vs. the World PARIS — The Trump administration and leaders of other wealthy nations remain at odds over how to tax technology companies and other businesses that operate online, negotiators confirmed on Friday, an impasse that threatens to inflame global trade ...
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Oil eases as virus outbreak shakes economic growth predictions NEW YORK (Reuters) - Oil prices were little changed on Friday but were on track for a fourth straight weekly loss, on mounting worries about economic damage from the coronavirus that has spread from China to around 20 countries, killing more than 200 ...
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Wells Fargo Propel American Express Card review: The best no annual fee travel credit card for your next vacation Nothing quite beats the excitement of planning your next vacation — except maybe saving hundreds of dollars while doing it. Using the right rewards credit card can help save you money through exclusive discounts on travel, lodging, activities and food.
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Dow Jones News: IBM Appoints New CEO; Visa Comes Up Short The Dow Jones Industrial Average (DJINDICES: ^DJI) was plunging Friday morning, down 1.54% at 11:40 a.m. EST. The coronavirus outbreak in China is showing no signs of slowing down, and investors are beginning to worry that global economic growth ...
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CEO of cannabis retailer MedMen steps down San Francisco (CNN Businss) The CEO of MedMen Enterprises (MMNFF) will not see the struggling cannabis retailer through its restructuring. Adam Bierman, who co-founded the California dispensary chain in 2010, is stepping down from his role as chief ...
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Federal regulators propose weakening the 'Volcker Rule' Federal regulators on Thursday proposed weakening key post-financial crisis restrictions on risky trading, handing Wall Street another victory in rolling back tough industry regulations. The proposed changes would lift restrictions on big banks, such as ...
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The club of $1 trillion companies is about to gain a fifth member London (CNN Business) A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here. And then there were five. After a blockbuster earnings report, Amazon is poised to reenter the growing ...
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Lloyds issues memo on staff treatment after flurry of complaints LONDON (Reuters) - Britain's biggest domestic bank Lloyds (LLOY.L) has issued guidelines to branch managers on treating staff fairly, after a rise in complaints to one of its employee unions about working conditions across its dwindling retail network.
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Costco opening second Naperville location at site of long vacant Kmart on Ogden Avenue Naperville is getting a second Costco location. The wholesale retail chain will open its newest Naperville store at 1199 E. Ogden Ave. in the East Ogden Mall on the city's far northeast side, the city announced Friday. Advertisement. Costco has entered into a ...
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Take the Scenic Route: Diversification on the Road to Retirement It's no secret that the old rules of retirement no longer apply to many people. For retirements lasting upwards of 30 years, it's crucial to diversify your assets to help reduce risk and minimize taxes down the road. AddThis Sharing Buttons. Share to Facebook ...
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Inflation isn't coming and the Fed's job is about to get a lot harder, economist says By one measure, Q4 GDP was just as low as in late 2018, just before the Fed had to start cutting again, Blitz says. Author photo. By. AndreaRiquier. MarketWatch photo illustration/Getty Images, iStockphoto. Like Samuel Beckett's unhappy characters, ...
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Honeywell says 737 MAX production halt to hurt 2020 sales (Reuters) - Boeing-supplier Honeywell International Inc (HON.N) on Friday forecast 2020 sales below market expectations, citing a hit from the production freeze of 737 MAX planes on its aerospace unit. FILE PHOTO: A logo of Honeywell is pictured on their ...
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Delta, American Suspend All China Flights as US Government Takes Action WASHINGTON/CHICAGO (Reuters) - Delta Air Lines Inc and American Airlines Group Inc decided on Friday to temporarily suspend all remaining U.S.-China flights after the U.S. State Department elevated a travel advisory over concerns about the ...
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Luckin Coffee Stock Dives As These Short-Sellers Battle Over Allegations Luckin Coffee stock crashed after short seller Muddy Waters disclosed a short position in the China-based coffee chain, saying it received an "unattributed" report claiming that Luckin (LK) chain fabricated some financial figures. X. Error loading player:.
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Bayer Considers New Tactic in Roundup Settlement Talks By Ludwig Burger, Patricia Weiss and Arno Schuetze. (Reuters) - As Bayer AG tries to settle U.S. lawsuits claiming that its weedkiller Roundup causes cancer, the company is considering a proposal that would bar plaintiffs' lawyers involved in the litigation ...
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UPDATE 1-Reynolds shares brave market jitters to make Nasdaq debut (Adds background on company, expert comment). By Bharath ManjeshR and Abhishek Manikandan. Jan 31 (Reuters) - Shares of household goods maker Reynolds Consumer Products weathered market jitters fueled by the spread of the coronavirus to rise ...
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Roku tries Fox Super Bowl play but stock loses yardage SAN FRANCISCO (Reuters) - Shares of Roku tumbled 7% on Friday after the streaming video company told customers it was removing Fox channels from its platform ahead of Sunday's Super Bowl broadcast. "On January 31, 2020, all standalone FOX ...
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Amazon finishes strong fiscal year with lackluster physical-store sales Amazon saw no sales growth at physical stores for its fiscal 2019 fourth quarter and full year despite overall sales gains of at least 20% for both periods. For the quarter ended Dec. 31, physical store sales came in at $4.36 billion, down 0.9% from $4.4 billion a ...
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Why Shares of Navistar Are Soaring Today Shares of Navistar International (NYSE:NAV) opened up more than 50% on Friday after Volkswagen (OTC:VWAGY) offered to buy the 83% of the U.S. truck manufacturer it does not already own. The shares are trading above the offer price, suggesting ...
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Investors Chronicle: Just Eat, Petra Diamonds, Amigo Holdings Just Eat has become McDonald's second delivery partner in the UK and Ireland, joining Uber Eats in facilitating ordering and delivery through its platform, writes Tom Dines. Midway through this month, Just Eat revealed that it had ...
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Coca-Cola's Super Bowl Spot Stars Jonah Hill and Martin Scorsese Have you ever found yourself at a party late in the evening with plans to meet a friend, only to have that friend flake out? Well, Coca-Cola wants you to know it feels your pain. During the Super Bowl this Sunday, the beverage giant will premiere an ad ...
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DNR to launch new license sales system Feb. 18 MICHIGAN (WLUC) - The Michigan Department of Natural Resources will move to a new, more technologically advanced system for selling hunting and fishing licenses, hunting applications, and ORV and snowmobile permits online and at retail agent ...
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Southwest Disputes US Government Audit on Safety Lapses, Shares Slide WASHINGTON — Southwest Airlines on Thursday disputed a draft U.S. government audit finding that the U.S. carrier failed to prioritize safety by flying millions of passengers on used jets without confirmation that required maintenance had been completed.
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S&D Coffee & Tea acquired by Westrock Coffee Company CONCORD – S&D Coffee & Tea has been acquired by the Arkansas-based Westrock Coffee Company, both companies announced Friday. The deal to acquire S&D Coffee is worth $405 million, Westrock announced. The company will be headquartered in ...
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Wipro CEO To Step Down, Cites Family Matters Abidali Z Neemuchwala cites family matters for his decision to step down after helping transition his yet-to-be-determined successor. During his four years at the helm, Wipro's business grew, but its reputation took a hit after a big cybersecurity attack in 2018.
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New York Health Department Denies Report of Possible Coronavirus Patient in City There is no confirmed case of the coronavirus in New York, city Health Commissioner Oxiris Barbot said in a tweet Friday, contradicting an earlier report from the New York Daily News. The Daily News reported that New York Police Department officers ...
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KKR's fourth-quarter profit drops by nearly a fifth (Reuters) - U.S. private equity firm KKR & Co Inc (KKR.N) said on Friday fourth-quarter after-tax distributable earnings fell 18%, owing to a decline in asset sales from its private equity business and lower transaction fee income in its capital markets unit.
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Mercedes-Benz X-Class pickup getting the axe The X-Class apparently didn't have the X-factor Mercedes-Benz was hoping for. (Mercedes-Benz). The automaker's midsize pickup truck is being discontinued this spring, just three years after its debut. The move comes amid a broader cost-cutting strategy the ...
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Thailand's sugar output to hit 9-yr low due to drought - trade PUNE, India Jan 31 (Reuters) - Thailand's sugar production in 2019-20 is likely to fall 28% to 10.5 million tonnes from a year earlier, the lowest in nine years, as drought curtailed cane production, head of a leading trade body said on Friday. The lower ...
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2019-20 budget guide pitches for an aggressive disinvestment playbook The Economic Survey presented on Friday pitched for an aggressive disinvestment of central public sector enterprises (CPSEs). While building a case for such a move, the economic report card for 2019-20 said post-privatization CPSEs performed better.
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Verizon, T-Mobile, Sprint experience large outages across North Carolina CHARLOTTE, N.C. — If you are having issues with your cell phone's network, you're probably not alone. Verizon, T-Mobile and Sprint customers in the Charlotte area were dealing with cellphone outages Friday. Verizon said it uses Charter Communications ...
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Monopoly watchdog agency flags SMC deal to buy Holcim for $2B San Miguel Corp's purchase of cement maker Holcim Philippines was likely to lead to higher prices and fewer choices in some areas of Luzon, according to an office under the Philippine government's antitrust body which flagged the largest takeover deal in ...
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Dry January Is Almost Over—But Sober-Curiosity Is A Trend Poised To Last All Year A few years ago, in honor of her 27th birthday, Lorelei Bandrovschi asked 27 people in her life to present her with challenges that would help her grow. One of her friends dared her to take a month off from drinking. "I kind of expected it to be a restriction, and ...
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Pound strengthens against the dollar and euro on Brexit day THE pound has strengthened in value against the dollar and the euro as the UK prepares to leave the European Union. The historical event of Brexit is taking place at 11pm tonight and we will then enter the so-called transition period until December 2020.
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Tinder, Bumble face US inquiry over sex offenders, underage use SAN FRANCISCO — A House subcommittee is investigating popular dating services such as Tinder and Bumble for allegedly allowing minors and sex offenders to use their services. Bumble, Grindr, The Meet Group and the Match Group, which owns such ...
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Imperial Oil reports $271M fourth-quarter profit, down from $853M a year ago CALGARY — Imperial Oil Ltd. reported a fourth-quarter profit of $271 million, down from $853 million in the same quarter last year. The company says the profit amounted to 36 cents per diluted share for the quarter ended Dec. 31, compared with a profit of ...
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13 Sweet But Practical Valentine's Day Gifts for Your Special Someone There's nothing quite like the honeymoon phase of a new relationship, when feelings of butterflies are omnipresent whenever your person is by your side. But the pressure of finding a Valentine's Day gift can interrupt the sweet bliss of young love.
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Pharmacists Make Mistakes. You Can Protect Yourself. Lynne Calloway had been taking a newly refilled arthritis prescription for a few days when she mentioned she wasn't feeling well. So her husband, Joseph Calloway, did some investigating. When he looked up her medication in a book detailing prescription ...
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