(Reuters) – Chesapeake Energy Corp’s quarterly profit exceeded analysts’ estimates on Wednesday, as it produced more oil and natural gas at higher prices while continuing to lower costs, pulling shares in the company around 3 percent higher.
(Reuters) – Apple’s forecast-beating results helped U.S. stock futures edge higher on Wednesday, even as investors were wary ahead of the Federal Reserve’s monetary policy decision.
Exxon Mobil Corp. and Chevron Corp. both reported mixed first-quarter results, but for analysts at Barclays there’s one clear winner to pick between the two oil majors. It all comes down to a “structural deterioration” in Exxon’s project portfolio, making Chevron’s stock a clear favorite, said the analysts, led by Paul Cheng. Exxon (XOM) and Chevron (CVX) reported first-quarter earnings last week, with Exxon missing Wall Street per-share expectations while Chevron missed sales forecasts. …read more […]
T-Mobile US Inc. and Sprint Corp. know their audience. Sensing that there may be regulatory opposition to their merger, the two companies have framed their combination around themes likely to appeal with the current administration, namely a better chance at victory in the tech race against China. All of this hinges on 5G technology, a new wireless standard that the carriers, along with many others, are racing to deploy. …read more […]
BRUSSELS (Reuters) – U.S. aerospace and industrial company United Technologies Corp is set to win EU antitrust approval for the largest aerospace deal in history – a $23 billion bid for avionics maker Rockwell Collins, people familiar with the matter said on Wednesday.
The home-price index from real estate data provider CoreLogic showed national yearly price growth of 7% in March. Annual price gains have averaged 6.5% so far in 2018, up from an average of 5.9% last year. CoreLogic said lopsided supply-demand dynamics are to blame. …read more […]
LONDON (Reuters) – Forecast-beating results from the world’s biggest company, Apple, lifted tech shares on Wednesday, putting Wall Street on track for a firmer session despite some trepidation over a Fed meeting later in the day.
BRUSSELS (Reuters) – EU antitrust regulators are set to give conditional approval to U.S. aerospace and industrial company United Technologies Corp’s $23 billion bid for avionics maker Rockwell Collins, people familiar with the matter said on Wednesday.
ZURICH (Reuters) – Swiss food group Nestle has clinched an agreement with European retailers to settle a months-long pricing row and get its products back on sale, the world’s biggest packaged food maker said on Wednesday.
These two big pharma stocks have a lot in common. But only one is the better choice right now. …read more […]
ZURICH (Reuters) – Swiss food group Nestle confirmed on Wednesday it had reached an agreement with European retailers to settle a months-long pricing row.
LONDON (Reuters) – World stocks inched higher on Wednesday after two days of losses but remained pinned down by the dollar’s recent surge and expectations that a U.S. Federal Reserve meeting later in the day will signal further policy tightening ahead.
RIYADH (Reuters) – Saudi Arabia’s stock exchange (Tadawul) is ready from a regulatory and technical point of view to handle a listing of Saudi oil giant Aramco, the chief executive said on Wednesday.
(Reuters) – Amazon.com Inc has made a formal offer to buy a 60 percent stake in Indian online retailer Flipkart, CNBC-TV18 reported on Wednesday, citing sources.
HONG KONG/LONDON (Reuters) – Standard Chartered Plc beat expectations with a 20 percent rise in first quarter pre-tax profit on Wednesday, but disappointing income showed the long road ahead for its returns to hit targets after years of restructuring.
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