Forests of idle drilling rigs, piles of pipe and ranks of empty trucks are a new and tangible sign of the financial trouble sweeping the oil patch.
U.S.meatpacker plans to largely eliminate antibiotics used in human health from its chicken production.
Philips posted a 28% fall in profit, even as it recorded a rise in comparable sales for the first time in five quarters.
Apple is pulling off a feat rarely seen in any industry, much less the cutthroat world of consumer electronics: gaining market share while also commanding higher prices.
The bank said a sharp rise in the levy it pays to the British government could prompt it to leave the country—as bad loans jumped by 80% and pretax profit dived 22% in the first quarter.
The U.K. economy slowed, casting a shadow over the government’s economic track record less than two weeks before a closely fought national election.
China’s central bank is planning to launch a fresh credit-easing program, as Beijing’s flagship plan to restructure trillions of dollars of local-government debt hits snags.
European stocks fell in early trade, weighed down by losses for pharmaceutical stocks, with the Stoxx Europe 600 0.5% lower.
The Federal Reserve, known for regulating the country’s largest banks, has become a major overseer of insurance firms in a big shift for an industry long regulated by states.