Exxon Bets Big on American Oil
Exxon Mobil has joined a growing list of oil producers who are expanding in the Permian Basin of Texas.
Exxon Mobil has joined a growing list of oil producers who are expanding in the Permian Basin of Texas.
In another in a string of mortgage-related settlements with big banks, the Justice Department announced a $5.28 billion settlement with Credit Suisse over its packaging, securitization, issuance, marketing and sale of residential mortgage-backed securities between 2005 and 2007.
Shares fell as sales growth turned negative and profitability declined.
Denver is starting work Wednesday on becoming the first city in the nation to allow marijuana clubs and public pot use in places such as coffee shops, yoga studios and art galleries.
BMO Capital breaks from the herd to sound a warning on ESPN and the movie business.
The Army has started the process of launching a full environmental study of the $3.8 billion Dakota Access pipeline's disputed crossing of the Missouri River in North Dakota, though a federal judge could stop the effort.
The networking-device maker fell sharply after releasing poor preliminary earnings for its fourth quarter.
The Securities and Exchange Commission said on Wednesday it would fine Orthofix International , a Texas-based medical device company, $14 million to settle charges that it improperly booked revenue in certain instances and made improper payments to doctors at government-owned hospitals in Brazil in order to increase sales.
Technology, the largest sector allocation in the S&P 500, was a solid performer in 2016 and that trend is continuing in 2017. With earnings season here, there are potential catalysts to launch the sector and the corresponding exchange traded funds, such as the Technology Select Sector SPDR (NYSEArca: XLK), higher. Technology companies are still sitting…
It's not just high-end chips that fuel Qualcomm's mobile chip business.
Target lowered its comparable store sales and earnings forecasts for the fourth quarter.
As market participants anticipate multiple interest rate hikes by the Federal Reserve this year, fixed-income investors are shifting into senior secured floating-rate bank loans and related exchange traded funds to hedge against rising rate risks. A rising interest rate would negatively affect bond funds as newer debt securities would come with a higher rate, making…
Shares bounced between sharp losses and big gains as the company went through a major shift in business models.
OPEC signaled a falling oil supply surplus in 2017 on Wednesday as the producer group's output declines from a record high.
Dow component Goldman Sachs reported 4Q profit of $5.08 per share, topping the estimate for $4.82. Revenue of $8.17 billion also topped the estimate for $7.72 billion.
Shares of CoLucid Pharmaceuticals Inc. soared 31% in premarket trade Wednesday, after the developer treatments for acute migraines agreed to be acquired by Eli Lilly & Co. for $960 million in cash.
Target is lowering its fourth-quarter profit and sales outlook after the discounter says it had sluggish holiday sales and traffic in its stores that offset a surging online business.
A group of French hoteliers and real estate agents has launched a lawsuit targeting accommodation-rental platforms, including Airbnb, arguing that their practices amount to unfair competition.
The Latest on Britain's decision to leave the European Union (all times local): 10:50 a.m.
Luis Maldonado is the last remaining photographer in the main square of the Chilean capital still using a wooden box camera.
An American business group says China is preparing to retaliate if U.S. President-elect Donald Trump imposes sanctions on Chinese goods.
With the announcement of Overwatch League, Activision Blizzard is moving forward with plans to capitalize on the massive eSports opportunity.
Memory profitability, manufacturing updates, and data-center growth rates all deserve some discussion on Intel's next earnings call.
Showcasing its own fully operational, glass-enabled electric vehicle, the glass technologist has lofty automotive ambitions.
At least the iPhone price hike already took place.
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