US Business News

Exxon Mobil Posts Smallest Profit Since 1999 Merger

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Exxon Mobil, the largest U.S. oil company, reported its smallest quarterly profit since 1999, a 63% plunge from a year ago, as oil prices remain depressed.

Earnings on Pace for Third Straight Decline

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U.S. corporate profits are set to decline for the third straight quarter, the longest and broadest slide in earnings since the financial crisis, weighed down by the energy slump and slowing growth around the world.

U.S. Inflation Reading Advances Only Modestly in March

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Inflation remained modest in March, a sign that pricing pressures are in check amid slow growth in the U.S. and overseas, and low oil prices.

Employment Costs Improve at Modest Rate in First Quarter

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Employers’ personnel costs rose modestly during the first quarter, but broader trends show Americans aren't seeing larger raises.

Oil Companies Begin to Benefit From Cost Cuts

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Big cost cuts in areas like staffing levels and exploration budgets helped some of Europe’s biggest energy companies generate results that were an improvement on the past quarter.

Rovi to Buy TiVo in $1.1 Billion Deal

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Rovi Corp. said it would acquire TiVo Inc. for about $1.1 billion, a tie-up that comes as consumers are increasingly changing how they watch videos.

Valeant Files Overdue Annual Report

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Valeant Pharmaceuticals International Inc. filed its overdue annual report on Friday morning, likely resolving the looming danger of debt default for the Canadian company.

Delta Air Lines in Deal for 37 Airbus A321s

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A day after Delta Air Lines ordered 75 small jetliners from Bombardier, the carrier on Friday said it is adding 37 of the largest single-aisle aircraft made by Airbus to its fleet.

Chinese Tech Firms Charge Into Electric Cars

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Internet companies like Tencent and Baidu have been leading the innovation drive in electric cars, as some in the broader industry believe conventional auto makers don’t have the creative chops.

Amazon Delivers 4th Straight Profit

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Amazon swung to a better-than-expected first-quarter profit—its largest ever for a quarter—as the company benefited from surging growth in its Web services division.

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