Signs of stabilization in China’s economy and a weaker dollar helped oil markets to their best run in more than three years on Friday, while global stocks edged up after JP Morgan’s results began the corporate earnings season in style.
Wells Fargo & Co reported a 16.4 percent jump in quarterly profit on Friday, as the lender reaped the benefits of its aggressive cost-cutting efforts.
Chevron Corp on Friday said it will buy Anadarko Petroleum Corp for $33 billion in cash and stock to bolster its position in shale oil and the liquid natural gas (LNG) market with the biggest industry merger since Royal Dutch Shell bought BG Group in 2016.
JPMorgan Chase & Co posted a better-than-expected quarterly profit on Friday, easing fears that slowing economic growth could weigh on its results.
Germany’s Merck KGaA said it signed a takeover agreement with target Versum Materials for a price of $53 per share after Versum walked away from a prior merger agreement with rival Entegris.
Wells Fargo & Co. reported a 16.4 percent increase in quarterly profit on Friday, as the lender continued to reap the benefits of its aggressive cost-cutting plans.
HSBC shareholders on Friday overwhelmingly voted against ending a form of pension cuts affecting thousands of former employees, following a protest by some of them outside the bank’s annual meeting in Birmingham.
Chevron Corp unveiled a $33 billion takeover of Anadarko Petroleum Corp on Friday, bolstering its position in shale oil and liquid natural gas production with the biggest industry merger since Royal Dutch Shell bought BG Group in 2016.
Alibaba Group founder and billionaire Jack Ma has defended the grueling overtime work culture at many of China’s tech companies, calling it a “huge blessing” for young workers.
PNC Financial Services Group Inc’s first-quarter profit met analysts’ estimates on Friday, as a rise in expenses and provision for credit losses overshadowed growth in interest income and loans.
JPMorgan Chase & Co reported a better-than-expected quarterly profit on Friday, as higher interest income and gains in the bank’s advisory and debt underwriting business offset weakness in trading.
A Chinese-Taiwanese group will take control of Apple Inc supplier Japan Display after pumping in funds as part of a 232 billion yen ($2.1 billion) bailout plan for the troubled display panel maker.
The head of Fiat Chrysler gave an upbeat outlook for the year after a tricky end to last year and a slow start to this one, confirming it was on track to meet its targets.
The chairman of Fiat Chrysler John Elkann said on Friday he was ready for bold and creative decisions to help build a solid and attractive future for the carmaker.
Deutsche Bank’s current Chief Executive Christian Sewing and Chairman Paul Achleitner would continue to lead the bank if it merges with Commerzbank, a German magazine reported on Friday.
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