Business & Finance News
Exxon Mobil Corp’s third-quarter profit nearly halved, mainly hit by lower oil prices and weakness in its chemicals business.
AbbVie Inc posted quarterly sales above estimates on Friday and raised the lower end of its 2019 profit forecast, helped by strong demand for cancer medicine Imbruvica and a lower-than-expected drop in bestseller Humira’s revenue.
Analysts on Friday slammed Royal Dutch Shell’s warning of possible delays to its $25 billion share buyback as an unnecessary step that undermines the energy giant’s management.
China’s Alibaba Group Holding Ltd reported a better-than-expected 40% rise in second-quarter revenue on Friday, powered by strong growth in its e-commerce and cloud computing businesses.
Deutsche Bank said on Friday it had promoted Fabrizio Campelli to chief transformation officer with a mandate to oversee the biggest reorganization in the bank’s history, including its plans to cut 18,000 jobs worldwide.
Brazilian government officials this week tempted airline executives with a pitch: Latin America’s largest domestic aviation market is opening up and it badly needs more competition.
Nissan Motor Co on Friday named American Stephen Ma as its next finance chief and said some veteran executives were stepping down, putting a new generation in charge of a company battling to recover from plunging profits and management scandal.
Insurer American International Group Inc on Friday posted a profit in the third quarter, compared with a year-earlier loss when it recorded more than a billion dollars in catastrophe losses.
Under pressure to reduce environmental waste from single-use containers, major consumer companies including Procter & Gamble Co , Unilever Plc and The Body Shop are rolling out more products in refillable form.
Danske Bank shares fell more than 4% on Friday after the troubled lender said its annual profit would come in at the low end of forecasts, and unveiled plans to get costs and compliance under control by 2023.
World shares were eyeing two-year highs and a fourth straight week of gains on Friday as the third U.S. interest rate cut of the year and a surprise bounce in Chinese manufacturing activity eclipsed a blizzard of otherwise sickly global data.
Nissan Motor Co on Friday named American Stephen Ma as its next finance chief and said some veteran executives were stepping down, putting a new generation in charge of a company battling to recover from plunging profits and management scandal.
The Israeli government on Friday denied any involvement in an alleged cyber- hack by Israeli surveillance firm NSO Group.
Oil prices rose on Friday but remained on track for a weekly loss as a surprise bounce in Chinese manufacturing activity calmed investors’ worries about progress in U.S.-China trade talks.
Ascendas Real Estate Investment Trust said on Friday it is buying 30 business parks in the United States and Singapore for about S$1.66 billion ($1.22 billion) from its controlling unit holder CapitaLand Ltd .
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