Oilfield services giant SLB beats first-quarter profit estimates
By Arunima Kumar and Liz Hampton (Reuters) -Top oilfield firm SLB beat Wall Street estimates for first-quarter profit on Friday,…
Business
Freeport-McMoRan signals more pain from labor shortages as profit slumps
By Ankit Kumar (Reuters) -Freeport-McMoRan Inc’s first-quarter profit more than halved as the copper miner struggled with an industry-wide talent…
MG Motor launches plug-in hybrid option in Mexico as EV race heats up
By Kylie Madry MEXICO CITY (Reuters) – MG Motor is launching a plug-in hybrid SUV in Mexico, the carmaker said…
US 5-year credit default swaps rise to highest since 2011
(Reuters) – The cost of insuring exposure to United States sovereign debt rose to the highest level since 2011 on…
French police working with EU on luxury antitrust probe
PARIS (Reuters) – French police are involved in an ongoing investigation relating to a probe by EU antitrust regulators into…
Lyft to ‘significantly’ cut jobs in new CEO’s first major move
(Reuters) -Lyft Inc CEO David Risher said on Friday the ride-hailing company will “significantly” cut jobs in another round of…
Amazon defeats consumer antitrust lawsuit over fulfillment centers
By Mike Scarcella (Reuters) – Amazon.com Inc on Thursday defeated a private lawsuit in Seattle federal court that accused the…
Procter & Gamble hikes prices again with scant pushback, and boosts sales view
By Jessica DiNapoli and Ananya Mariam Rajesh (Reuters) -Procter & Gamble Co’s customers, particularly in the United States, continued to…
Credit Suisse bondholders sue Swiss regulator over wipe-out
By Kirstin Ridley, Jahnavi Nidumolu and John Revill LONDON (Reuters) -Investors representing more than 4.5 billion Swiss francs ($5 billion)…
U.S. company comments suggest upbeat demand despite gloomy forecasts
By Caroline Valetkevitch NEW YORK (Reuters) – Investors worried the U.S. could be on the brink of a recession may…