Oil prices up 3% on worries about Middle East supplies
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% to a one-week high on Friday on worries that…
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AbbVie takes $2.1 billion charge on cancer drug ahead of US price negotiation
By Leroy Leo and Christy Santhosh (Reuters) -AbbVie, girding for government price negotiations on its big-selling cancer drug Imbruvica, on…
Exxon posts sharply lower $9.1 billion profit on lower oil, gas prices
By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil Corp on Friday posted a sharply lower $9.1 billion third-quarter profit, missing analysts’…
UPS targets lucrative e-commerce returns, healthcare with acquisitions
By Lisa Baertlein (Reuters) – United Parcel Service on Thursday said it is spending more than $1 billion this quarter…
Analysis-US investment banks see early signs of revival in dealmaking
By Tatiana Bautzer and Lananh Nguyen NEW YORK (Reuters) – Major Wall Street firms said a dismal year of dealmaking…
Amazon rallies on cloud optimism as it chases Microsoft for AI business
By Aditya Soni (Reuters) -Amazon.com rose 7% on Friday on a pick up in growth at its most profitable cloud…
Ford again warns on EV results, withdraws 2023 forecast
By Paul Lienert and Nathan Gomes DETROIT (Reuters) -Ford Motor on Thursday withdrew its full-year results forecast due to “uncertainty”…
Yellen says US GDP is a ‘good strong number’, may keep bond yields higher
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday said U.S. third quarter economic growth of nearly…
Gold miner Newmont misses profit estimates, Penasquito return underway
By Seher Dareen (Reuters) -Newmont on Thursday missed Wall Street estimates for third-quarter profit as the world’s largest gold miner…
FedEx says U.S. Express service disrupted, blames FAA IT outage overnight
LOS ANGELES (Reuters) -FedEx Corp on Wednesday said its U.S. Express deliveries could be delayed due to an overnight Federal…