Business

Schlumberger profit surges on higher oil prices

(Reuters) - Oilfield services provider Schlumberger NV reported an 88 percent rise in quarterly profit on Friday as rising crude oil prices encouraged its North American clients to ramp up spending.

Business

GE's profit from continuing ops triples, power profit falls

(Reuters) - General Electric Co's said Friday quarterly profit from continuing operations more than tripled, helped by strength in its aviation and healthcare businesses.

Business

P&G earnings beat as struggling retailers, costs eat into margins

(Reuters) - The world's largest consumer goods maker Procter & Gamble Co narrowly beat quarterly earnings expectations on Thursday, saying shrinking retailer inventories and higher commodities and transportation costs squeezed margins.

Top News

Nestle, Unilever forego price increases to move product

ZURICH/LONDON (Reuters) - First-quarter sales growth at Nestle and Unilever was driven almost entirely by shifting more goods, in a stark illustration of how hard it is for consumer products makers to raise prices in a competitive retail environment.

Business

Sky reports strong quarter before bid battle steps up

LONDON (Reuters) - Sky , the pay-TV group at the center of a takeover battle between Fox, Disney and Comcast, reported a strong third quarter on Thursday, underlining its appeal to rival U.S. entertainment groups who want to expand in Europe.

Top News

Novartis confirms 2018 targets as Alcon recovery gains steam

ZURICH (Reuters) - Swiss drugmaker Novartis confirmed 2018 growth targets on Thursday as new Chief Executive Officer Vas Narasimhan said he was encouraged by first-quarter performance by his cancer drugs portfolio and a resurgent Alcon eye care unit.

Business

AmEx profit tops estimates as record splurge on rewards woos customers

(Reuters) - Credit card issuer American Express Co easily topped Wall Street targets for quarterly profit as record investments in card rewards and a strengthening U.S. economy contributed to higher customer spending.

Business

China's ZTE delays earnings release following U.S. export ban

(Reuters) - Chinese smartphone maker ZTE Corp on Wednesday postponed the release of quarterly earnings, saying it needs time to assess the impact of a U.S. government order that bans American companies from selling it parts.

Business

Abbott's quarterly profit, sales beat Street estimates

(Reuters) - Abbott Laboratories reported better-than-expected quarterly profit and sales, helped by growth across its businesses and device launches.

Business

Morgan Stanley profit beats estimates on trading boost

(Reuters) - Morgan Stanley posted a better-than-expected first-quarter profit on Wednesday, as its trading business drew strength from increased market volatility in line with other major banks.

Business

United Airlines profit rises with higher fares

NEW YORK (Reuters) - United Airlines said on Tuesday quarterly profit rose, as higher fares helped offset the costs of fuel and a rash of winter storms.

Technology

IBM full-year profit forecast misses, shares fall

(Reuters) - International Business Machines Corp reported full-year profit forecast that missed Wall Street expectations, sending the shares of the company down 6 percent in extended trading.

Business

Goldman trumps profit estimates as bond trading shines

(Reuters) - Goldman Sachs Group Inc blew past Wall Street's expectations for quarterly profit on Tuesday, as volatility in global markets powered a surge in bond and stock trading.

Business

Netflix shares surge 7 percent on subscriber gains

(Reuters) - Shares in Netflix Inc neared a record high on Tuesday after the online video streaming service reported a rise in subscriber additions for the fourth straight quarter.

Business

BofA profit beats estimates on higher interest rates, loan growth

(Reuters) - Bank of America reported a 34 percent rise in first-quarter profit on Monday, topping Wall Street estimates, as the bank benefited from higher interest rates and growth in loans and deposits.

Business

JPMorgan profit just below forecast on weak investment banking

(Reuters) - JPMorgan Chase & Co's quarterly profit fell short of Wall Street expectations on Friday as lower revenue from investment banking ate into gains from U.S. corporate tax changes and higher interest rates.

Health

Israel's Therapix gets positive Tourette's drug trial results

JERUSALEM (Reuters) - Israel's Therapix Biosciences announced positive results on Monday from a Phase IIa trial of its cannabinoid-based drug to treat Tourette syndrome (TS), sending its stock price jumping.

Health

'Social jetlag' linked to lower grades

(Reuters Health) - When work, school and other scheduled activities are out of sync with a person's body clock, "social jetlag" results and diminishes performance, researchers say.

Business

GE to restate two years of earnings by April 13

(Reuters) - General Electric Co said on Wednesday that it planned to provide restated results for 2016 and 2017 to reflect a new accounting standard by April 13.

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