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.
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.
The emissions scandal continues to distract Volkswagen’s management from its real problem: technological disruption.
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.
Unusually, the eurozone is leading the way. Strong first-quarter growth bodes well for the year.
Employers’ personnel costs rose modestly during the first quarter, but broader trends show Americans aren't seeing larger raises.
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 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 Pharmaceuticals International Inc. filed its overdue annual report on Friday morning, likely resolving the looming danger of debt default for the Canadian company.
Chinese banks’ precarious balance of provisioning just enough for bad loans while keeping profits flat won’t last much longer.