Exxon’s 1Q Profit Tumbles 49% Partly on Higher Spending
Exxon’s first-quarter profit fell 49% to $2.35 billion as it stepped up spending on exploration and production in west Texas.
Exxon’s first-quarter profit fell 49% to $2.35 billion as it stepped up spending on exploration and production in west Texas.
Royal Bank of Scotland says first-quarter earnings fell 12.5% as economic uncertainty linked to Britain’s pending departure from the European Union curtailed lending.
A pair of Scottish entrepreneurs are aiming to go global with their hope to replace palm oil using coffee waste.
Lululemon Athletica Inc. says it will focus efforts to double revenue from men’s products and digital revenue, and quadruple international revenues by 2023.
Boeing is already estimating a $1 billion increase in costs related to its troubled 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded after two crashes that killed 346 people.
Tesla posted a $702.1 million net loss in the first quarter as sales of its electric cars slumped and demand appeared to be waning.
The S&P 500 closed at an all-time high Tuesday, marking the stock market’s complete recovery from a nosedive at the end of last year.
Coca-Cola Co. surprised investors with a better-than-expected first quarter but cautioned that it’s still expecting slower growth for the full year.
The British government has started the process to appoint the successor to Mark Carney as governor of the Bank of England.
U.S. auto safety regulators have expanded an investigation into malfunctioning air bag controls to include 12.3 million vehicles because the bags may not inflate in a crash.