October 27, 2017

Exxon, Chevron third-quarter profits jump on rising commodity prices

HOUSTON (Reuters) – Exxon Mobil Corp and Chevron Corp, two of the world’s largest oil producers, said on Friday their quarterly profits each jumped about 50 […]
October 27, 2017

UBS cautions gains from wealthy client activity may not last

ZURICH (Reuters) – A pick-up at UBS’s core wealth management business is likely to weaken in the final months of 2017 as clients withdraw money to […]
October 27, 2017

CVS-Aetna deal gets Wall Street thumbs up amid Amazon entry fears

(Reuters) – U.S. pharmacy operator CVS Health Corp’s move to buy health insurer Aetna Inc will broaden their reach in the industry and could spark another […]
October 27, 2017

Inventories, trade support U.S. third-quarter economic growth

WASHINGTON (Reuters) – The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter as an increase in inventory investment and a smaller […]
October 27, 2017

Dovish ECB, earnings, lift European shares to five-month high

LONDON (Reuters) – European shares hit a five-month high on Friday as one the biggest weekly drops in the euro this year buoyed investors’ moods. Powered […]
October 27, 2017

Wall Street loves electric cars, America loves trucks

DETROIT (Reuters) – Wall Street may love the shares of Silicon Valley electric carmaker Tesla Inc , but Americans love big, fuel-thirsty trucks like Ford Motor […]
October 27, 2017

Clariant, Huntsman abandon $20 billion merger as opposition intensifies

ZURICH (Reuters) – Swiss specialty chemicals maker Clariant and Huntsman have agreed to abandon their proposed $20 billion merger, bowing to a growing number of shareholders […]
October 26, 2017

CVS makes more than $66 billion bid for Aetna: sources

(Reuters) – U.S. pharmacy operator CVS Health Corp has made an offer to acquire No. 3 U.S. health insurer Aetna Inc for more than $200 per […]
October 26, 2017

Alphabet’s mobile ad revenue surges; shares jump

(Reuters) – Alphabet Inc on Thursday reported stronger-than-expected advertising sales and higher operating margins, driving shares up in after-hours trading as investors brushed off concerns about […]
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