By Steve Gelsi, MarketWatch NEW YORK (MarketWatch) — Chevron Corp.’s first-quarter net income fell 64%, financial results showed Friday, as the last of the five oil majors absorbed the impact of a slower economy and a big slide in prices for crude …
By Alexander Kwiatkowski May 1 (Bloomberg) — Crude fell for the first time in three days in New York on speculation that prices have risen too far, too fast as stockpiles grow.
NEW YORK (Reuters) – Fortune Brands Inc (FO.N) expects the rest of the year to be easier than the first quarter as its cost cuts and marketing efforts start to bear fruit, the consumer products company said on Friday
Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes were up 0.3-0.4 percent on Friday morning, pointing to a higher start on Wall Street. Traders work on the floor of the New York Stock Exchange, April 28, 2009. US stocks recovered from opening losses to …
By Hugh Son May 1 (Bloomberg) — MasterCard Inc., the world’s second- largest electronic payments network, said first-quarter profit fell 18 percent amid the impact of a stronger US dollar on overseas revenue.
By Matthew Brown and Yasuhiko Seki May 1 (Bloomberg) — The yen fell to a two-week low against the euro as signs of recovery in manufacturing in China and the US sapped demand for the Japanese currency as a refuge from global financial turmoil.
By Joseph Checkler Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–President Barack Obama’s scolding of hedge funds sparked an immediate backlash from fund managers who resent what they see as an increasingly heavy-handed approach from Washington.