GDP Expands at Disappointing 1.2%

Related Link: 

U.S. economic growth sputtered this spring—growing a meager 1.2% in the second quarter—with cautious business investment largely offsetting more robust consumer spending. The gain marks only a slight acceleration from the first quarter, when GDP advanced at a downwardly revised 0.8% pace.

Low Crude Prices Hammer Big Oil Companies

Related Link: 

Exxon Mobil’s profit fell 60% and Chevron reported a third-straight quarterly loss on Friday, capping off a week of lackluster results for the biggest Western oil companies and underscoring the continued challenge they face as crude prices fall to just above $40 a barrel.

SABMiller Board Backs AB InBev's Higher Offer

Related Link: 

Anheuser-Busch InBev has cleared a major hurdle to completing its $100 billion-plus megamerger with rival SABMiller, a much-needed deal for the Belgian brewer that reported a steep fall in profits.

NextEra to Buy Energy Future's Oncor in $18.4 Billion Deal

Related Link: 

NextEra Energy outbid rivals for Energy Future Holdings’ stake in Oncor, the biggest power provider in Texas, in an $18.4 billion deal that will thrust the Florida company into the big leagues among U.S. utilities.

Exxon's Tank Still Fuller Than Peers

Related Link: 

Exxon Mobil is the best of a faltering bunch among supermajors unable to finance both investments and payouts to shareholders while maintaining investments necessary to avoid shrinking.

WisdomTree Stumped by Global Turbulence

Related Link: 

Poor market performance in Europe and Japan prompted investors to pull out of WisdomTree’s flagship funds.

The Divide Between GDP and Jobs

Related Link: 

The economy is growing slowly even as the labor market remains strong. It’s an unusual situation that could continue.

Talend Nudges Dormant Tech IPO Market

Related Link: 

Software company Talend had a strong debut on the Nasdaq in what investors see as a possible boost for the lackluster tech IPO market so far this year.

European Bank Stress Tests Offer Some Relief

Related Link: 

In tough conditions, some European banks would struggle with capital levels. Barclays, Deutsche and UniCredit could give investors concern.

U.S. Consumer Sentiment Fell in July

Related Link: 

A gauge of U.S. consumer sentiment dropped in July—as the University of Michigan survey fell to 90.0 from June’s 93.5—in a sign that global economic uncertainty could ripple through domestic spending.

Syndicate content