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Economy News

Ford promises more savings as 1Q earnings rise 9 percent

Ford Motor Co. said Wednesday it will shed most of its North American car lineup as part of broad plan to save money and make ...

Deutsche Bank ekes out profit, refocuses investment bank

Deutsche Bank saw profits fall to 120 million euros ($146 million) in the first quarter and announced Thursday it was ...

Royal Dutch Shell says 1Q earnings rose 67 percent

Energy company Royal Dutch Shell says first-quarter earnings rose 67 percent, boosted by a rebound in oil prices and growth ...

Asian markets mixed as investors consider latest earnings

Asian share benchmarks were mixed on Thursday as investors digested the latest quarterly corporate earnings. KEEPING SCORE: ...

Samsung's profit exceeds expectations thanks to memory chips

Samsung Electronics Co. reported better-than-expected financial results Thursday as robust demand from global data centers ...

ConocoPhillips wins $2 billion arbitration against Venezuela

ConocoPhillips said Wednesday that it won a $2 billion arbitration award against Venezuela's state oil company, compounding ...

Caesars Entertainment plans to manage hotel in Baja, Mexico

The Caesars Entertainment Corp. casino company says it plans to build a beachfront non-casino hotel in the Mexican city of ...

Visa

Visa 2Q profits jump, helped by more spending on its network

Payment processing giant Visa on Wednesday reported a sharp jump in its fiscal second-quarter profits from a year earlier on ...

Strong travel demand lifts Boeing in first quarter

The desire by people to see the world is giving Boeing a huge lift, and executives at the aircraft maker say travel is a ...

French billionaire Bollore charged in Africa corruption case

French businessman Vincent Bollore has been given preliminary charges in an investigation into alleged corruption surrounding ...

Twitter is profitable again in 1Q, Wall Street not impressed

Twitter has remained largely outside of the crosshairs of Congress over the privacy issues that have tripped up Facebook, but ...

Facebook launches transparency tool before Irish referendum

Facebook is launching a pilot program in Ireland ahead of a referendum on abortion which it hopes will ensure greater ...

Global stocks slide, futures point to weak Wall Street open

Global shares dropped Wednesday and Wall Street was set to edge slightly lower on the open amid worries over a rise in the ...

Airbus, Dassault to develop new European fighter jet

European plane maker Airbus and France's Dassault Aviation have agreed to join forces in developing and producing a new ...

Comcast

Strong 1st quarter from Comcast, and a $30B bid for Sky

Comcast, continuing to see the loss of cable subscribers during an otherwise strong first quarter, formalized its bid for ...

Drugmaker Takeda agrees to buy Shire for $64 billion

Japanese drugmaker Takeda has reached a tentative agreement to buy Ireland-based Shire for 46 billion pounds ($64 billion) ...

Germany trims 2018 growth forecast, but outlook still strong

The German government trimmed its economic growth forecast for this year to 2.3 percent on Wednesday, though it said the ...

China says it welcomes visit by US officials amid trade spat

China's foreign ministry said Wednesday that it welcomes a planned visit by U.S. Treasury Secretary Steve Mnuchin to Beijing ...

Mick Mulvaney

Consumer watchdog becomes alphabet soup of controversy

The Consumer Financial Protection Bureau is dead. Long live the Bureau of Consumer Financial Protection. That's the message ...

Diet Coke grows for first time in 8 years after makeover

Diet Coke's makeover, which put the sugar-free drink in skinny colorful cans, helped the low-calorie brand sell more soda in ...

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