In a telltale sign that the oil industry has regained its footing after a two-year price spiral, Wall Street's profit expectations were easily beaten by Chevron Corp and Exxon Mobil Corp as they were helped by rising crude prices to do so.   Even as oil prices CLc1 LCOc1 have climbed more...

The world's largest Internet retailer Amazon.com Inc. increased its net profit in the first quarter of 2017 by 41%, thus exceeding the market expectations. Amazon’s shares grew by 4.1% to $ 956.9 per share against the publication of the report. At the close of trading, the share price was $ 918.3....

A hybrid of human-automation to provide new service of financial advise at Charles Schwab. Charles Schwab Corp. introduced a service in combination with “its automated investment management technology” supported by “human advisors” for providing “digital financial advice”.   It has been...

Recently, Swiss banks decided to "clean up" their assets. They launched a website with information on currently existing "dormant accounts", which keep at least 52 million ownerless Swiss francs in total. Now, owners of these accounts or their heirs have five years to claim their rights to these...

In connection with a $2 billion Eurofighter jet order by Austria that was given about more than a decade ago, the Airbus Chief Executive Thomas Enders is being investigated for suspected fraud by Vienna prosecutors, reported international news agency Reuters citing sources in the prosecutors'...

Mexican state-owned oil company Pemex for the first time signed its own hedging contract worth $ 133.5 million against a decline in oil prices to $ 42-37 per barrel. The government of Mexico has been insuring itself against low oil prices since 1990. The insurance payments are always directed the...

After shrinking markets, tough competition and restructuring costs pushed it to a quarterly operating loss on Tuesday, mobile telecom equipment maker Ericsson faces a long and painful overhaul.   An operating loss of 12.3 billion Swedish crowns ($1.4 billion) as previously...

In a massive recruitment plan to expand the superfast broadband network, Openreach opens up ‘1,500’ seats for new trainees. The subsidiary of BT, Openreach is in possession of the U.K’s most “telephony and broadband infrastructure”, while it is also in the helm for their operations. In an...

Bard & Becton Dickinson enter in an acquisition deal to boost their portfolios. Becton Dickinson & Co. supplies medical equipment in the U.S., whereby the firm has plans of acquiring C R Bard Inc. in a “$24 billion cash-and-stock deal”. As a result of which Bard’s added portfolio of devices...