- Tennis: Laver Cup becomes official ATP event
- Taiwan celebrates Asia’s first same-sex marriages as couples tie knot
- China airline association estimates losses from 737 MAX grounding at $579 million
- 10 dead, 8 missing after boat capsizes in China
- UK leader Theresa May will reportedly announce her departure date today
Stocks that moved substantially or traded heavily on Friday:
Anadarko Petroleum Corp., up $14.98 to $61.78
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Chevron will buy the rival oil company for $33 billion as it seeks more growth from deep-water exploration in the gulf and in the Permian Basin.
JPMorgan Chase & Co., up $4.98 to $111.21
The nation’s largest bank by assets reported a 5% increase in quarterly profit on more revenue from loans, beating Wall Street forecasts.
The Walt Disney Co., up $13.46 to $130.06
The media and entertainment company will launch its new video streaming service in the U.S. as early as October.
Allegheny Technologies Inc., down $1.54 to $25.66
The maker of steel and specialty metals warned investors that supply and cost problems will severely cut into its first-quarter profit.
Wells Fargo Co., down $1.25 to $46.49
The bank’s first-quarter profit beat forecasts, but its assets, loans and deposits all fell as it deals with regulatory restrictions.
National Oilwell Varco Inc., down $2.46 to $26.87
The oil services company said lingering impacts from a slide in crude oil prices last year will weigh down quarterly profit and revenue.
Netflix Inc., down $16.51 to $351.14
The streaming video service’s $13.99 monthly cost will soon be undercut by Disney’s streaming service at $6.99 per month.
PNC Financial Services Group Inc., up $3.98 to $132.70
The bank’s first-quarter profit met Wall Street expectations and its revenue beat forecasts thanks to more interest income.