article Oil prices fell by more than 1 percent on Monday as supplies from top exporter Saudi Arabia rose and as signs of an economic slowdown in Asia dented the outlook for demand. Continue Reading Below Brent crude oil futures were at $78.16 per barrel at 0316 GMT, down $1.07, […]
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Tesla hits Model 3 manufacturing milestone, Reuters reports
Tesla Inc. nearly produced 5,000 Model 3 electric sedans in the last week of its second quarter, with the final car rolling off the assembly line on Sunday morning, several hours after the midnight goal set by Chief Executive Elon Musk, two workers at the factory told Reuters. Continue Reading Below […]
Oil prices slip on trade frictions
article Oil prices dipped on Friday amid concerns about trade frictions between the United States and other major economies, although crude market conditions remain tight due to supply disruptions and generally high demand. Continue Reading Below U.S. West Texas Intermediate (WTI) crude futures were at $73.19 a barrel at 0337 […]
Walgreens reports 15.5 percent rise in quarterly profit
article (AP Photo/Charles Krupa, File) Walgreens Boots Alliance on Thursday reported a 15.5 percent rise in quarterly profit, as sales in its pharmacy business rose helped by its acquisition of Rite Aid stores. Continue Reading Below Net income attributable to Walgreens rose to $1.34 billion, or $1.35 per share, in […]
Oil dips but markets remain tight due to disruptions
article U.S. oil prices dipped away from three-and-a-half year highs on Thursday amid high output from Russia, the United States and Saudi Arabia, although unplanned supply disruptions elsewhere and record demand stemmed a bigger decline. Continue Reading Below U.S. West Texas Intermediate (WTI) crude futures were at $72.54 a barrel […]
Apple, Samsung settle US patent dispute
Apple wants to make your iPhone more secure Fox Business Outlook: Apple is beta-testing a new feature called ‘USB restricted mode’ designed to improve the security of their devices against all kinds of potential intruders. Apple Inc and Samsung Electronics Co Ltd on Wednesday settled a seven-year patent dispute over […]
General Mills quarterly profit drops 13 percent
article A box of Cheerios breakfast cereal made by General Mills is shown in this illustration photograph taken in Encinitas, California, U.S. June 27, 2016. REUTERS/Mike Blake Cheerios cereal maker General Mills on Wednesday reported a quarterly profit that topped analysts’ estimates, as its efforts to reduce costs and improve […]
Oil prices rise on U.S. push to shut out Iran
article Oil prices rose on Wednesday as a supply disruption in Canada tightened the market and after U.S. officials told importers to stop buying Iranian crude from November. Continue Reading Below Uncertainty over Libyan exports also supported crude, traders said. Brent crude futures had climbed 61 cents, or 0.8 percent, […]
Lennar’s revenue jumps 67.4 pct, shares rise
article Lennar reported a 67.4 percent rise in second-quarter revenue on Tuesday, helped by strong housing demand amid an expanding economy and job growth. Continue Reading Below The U.S. homebuilder’s shares rose nearly 6 percent before the bell. Orders, an indication of future revenue for homebuilders, jumped 62.3 percent to […]
Oil prices edge up on Libya worries
article Oil prices inched up on Tuesday on uncertainty over Libyan oil exports, although plans by producer cartel OPEC to raise output continued to drag. Continue Reading Below Brent crude futures, the international benchmark for oil prices, were at $74.81 per barrel at 0311 GMT, up 8 cents, or 0.1 […]