Chevron swings to quarterly loss on $10 billion in charges
Chevron Corp swung to a fourth-quarter loss on $10.4 billion in charges as it stepped up efforts to cull unprofitable assets amid weak oil and gas prices.
Chevron Corp swung to a fourth-quarter loss on $10.4 billion in charges as it stepped up efforts to cull unprofitable assets amid weak oil and gas prices.
WASHINGTON (Reuters - U.S. consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which together with slumping business investment likely set the economy on a slower growth path this year.
Funds increased their preference for stocks to a two-year high at the expense of bonds and cash holdings in their model global portfolio recommendations this month in a Reuters poll, despite world share markets struggling on the coronavirus breakout.
Eli Lilly and Co on Friday priced its acute migraine treatment at $640 for a pack of eight pills and said it will be made available in pharmacies in the next few days.
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 from advertising for new clients, according to a person familiar with the matter.
Delta Air Lines Inc said Friday it will temporarily suspend all remaining U.S.-China flights after the U.S. State Department elevated a travel advisory over concerns about the coronavirus.
The Brazilian unit of German automaker Mercedes-Benz sees overall domestic truck sales rising by 18% to 120,000 units this year, according to a company presentation on Friday.
Outdated cross-border tax rules are set to be rewritten after 137 states sought this week to avoid a new trade war over the global multiplication of taxes on digital services.
Bayer AG is in mediation to potentially settle thousands of U.S. lawsuits claiming that the company's Roundup weed killer causes cancer, but some legal experts said the cases raises novel questions that may prevent an easy settlement.
Many people entering the traditional home-buying years already have debt – student loans, of course. Still, it's possible to get a mortgage while juggling the loans, experts say.
Iran has suspended all flights to China because of the coronavirus outbreak, Iran's semi-official Tasnim news agency reported on Friday, adding that all flights from China to the Islamic Republic have also been banned.
Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilize the British carmaker whose first sport utility vehicle (SUV) is set to hit the road.
Financial markets have gone swiftly from nonchalance to awe in reacting to the fast-spreading 2019-nCoV or new coronavirus https://graphics.reuters.com/CHINA-HEALTH-MAP/0100B59S39E/index.html.
CNBC's Jim Cramer said Friday he's done with fossil fuel stocks because young investor's concerns about climate change are holding them down.
The S&P 500 and the Dow Jones Industrial Average slid on Friday, hit by worries over the impact of the coronavirus epidemic on global growth, while strong earnings from Amazon.com checked losses on the Nasdaq.