Anadarko Petroleum projected capital spending for 2015 of roughly $5.4 billion to $5.8 billion, about a third lower than last year’s level.
Russia’s second-biggest oil producer Lukoil said 2014 net profit fell almost 40% to $4.7 billion as it battled plunging oil prices, a weak ruble and high inflation.
Glencore returned to profitability last year despite a sharp downturn in the commodities it mines and trades.
Paid advertising is one way for vendors on Alibaba’s e-commerce platforms to grab customers’ attention. But the competition to land the coveted ad slots is fierce.
Germany’s Merck forecasts little or no improvement in earnings this year, with stiff competition for its blockbuster multiple-sclerosis treatment and higher research spending likely to offset the impact of recent acquisitions.
GE’s CEO already had problems convincing investors he was moving fast enough to remake the conglomerate into a simpler industrial machine, and now there’s this oil business.
Royal Dutch Shell gave shareholders the option of receiving a dividend via company stock, a move that other large oil companies have made as cash dries up during a period of low oil prices.
Microsoft has a new fix-it plan for the company’s smartphone business: Wait a little longer.
Russian investors led by billionaire Mikhail Fridman launched L1 Energy from a purchase of RWE Dea’s assets and threatened legal action if the U.K. tries to block the British part of the deal.
Wynn Resorts is seeking to block Elaine Wynn—a major shareholder, longtime director and the ex-wife of company Chairman Steve Wynn—from its board.