Airbus to pay $4 billion to settle corruption probe
European planemaker Airbus will pay 3.6 billion euros ($4 billion) to settle corruption probes by U.S., British and French authorities into contract dealings, lifting a...
Chevron swings to large loss on $10 billion in charges, shares sink
Chevron Corp swung to a large fourth-quarter loss on weaker oil and gas prices and $10.4 billion in charges as it stepped up efforts to...
U.S. consumer spending rises steadily; inflation remains tame
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...
Wall St. set to open lower on virus fears
U.S. stock indexes were on course to open lower on Friday, as worries over the impact of the coronavirus epidemic on global growth overshadowed the...
Airbus to pay $4 billion to settle corruption probe: French prosecutor
European planemaker Airbus will pay 3.592 billion euros ($3.98 billion) to settle corruption probes by U.S., British and French authorities into contract dealings, France’s financial...
U.S. consumer spending rises steadily; income tepid
U.S. consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which could confine the economy to a...
Chevron swings to quarterly loss on $10.4 billion impairment charge
Chevron Corp on Friday posted a fourth-quarter loss as the oil major booked an impairment charge of $10.4 billion related largely to a deepwater Gulf...
Futures slide as virus outbreak fans growth fears
Caution about the economic impact of the coronavirus epidemic knocked U.S. stock index futures lower on Friday, more than offsetting a boost from the latest...
Wars and viruses: Are robots less prone to market panic?
Widely blamed for volatile “flash crashes” in currencies and equities, high-frequency algorithms may also be why shock global events, including the current coronavirus, seem to...
Exxon quarterly profit falls 5.2% on weak refining, chemical margins
Exxon Mobil Corp reported a 5.2% drop in fourth-quarter profit on Friday, hit by weaker margins in its refining and chemical business....