Business & Finance News
Schlumberger NV on Friday reported quarterly revenue that topped estimates and forecast single-digit growth in international markets this year even as crude prices have tumbled roughly 30 percent since October.
Pernod Ricard , the family-backed French spirits group under pressure from activist investor Elliott, will continue to improve its governance, it pledged on Friday.
U.S. stock futures rose for the fifth straight day on Friday, building on hopes that a bitter trade war between the United States and China would be resolved.
Global stocks jumped to their highest in more than a month on Friday after a report suggested progress toward resolving the trade dispute between the United States and China.
CVS Health Corp and Walmart Inc said on Friday the world’s largest retailer would remain part of CVS’s network for commercial and Medicaid pharmacy customers, breaking a contract impasse CVS disclosed earlier this week.
Two of America’s best-known green investors are reassessing their stakes in global insurance broker Arthur J. Gallagher & Co’s after a Reuters investigation into the company’s lucrative side-business in “clean coal”.
Sun Pharmaceutical Industries Ltd on Friday asked India’s capital markets regulator to look into a media report about an alleged complaint by a whistleblower that led to a sell-off in the company’s shares.
Tesla Inc said it would cut thousands of jobs to rein in costs as it ramps up production of its crucial Model 3 sedan, and the electric car maker expects fourth-quarter profit to be lower than the previous quarter, sending its shares down 7 percent.
CVS Health Corp and Walmart Inc reached a multi-year agreement, under which Walmart will continue participating in CVS’s pharmacy benefit management commercial and Medicaid retail pharmacy networks, the companies said on Friday.
Democrats now in control of the U.S. House of Representatives are working out which House panels will take the lead in investigating President Donald Trump’s business ties to Deutsche Bank, lawmakers and aides familiar with the plans told Reuters.
Apple Inc’s biggest iPhone assembler Foxconn Technology Group has let go around 50,000 contract workers in China since October, months earlier than normal, Nikkei reported on Friday.
Tesla Inc said on Friday it was cutting several thousands of jobs, as the electric car maker looks to trim costs and be consistently profitable while it ramps up the production of its crucial Model 3 sedan.
French family-backed spirits group Pernod Ricard , which is being targeted by activist investor Elliott, said it is striving to improve its governance and will communicate on future changes once they have been approved by its board.
Russian conglomerate En+ Group on Friday named three Americans who will form a voting trust to help Oleg Deripaska reduce his stake in the company in exchange for a waiver from U.S. sanctions.
Tesla Inc on Friday said it will cut its full-time workforce by about 7 percent, while it ramps up
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
