A government crackdown on a financial maneuver used by U.S. companies to slash their tax bill will likely cause merger activity in the pharmaceutical industry to halve to around $200 billion annually, according to one estimate.
Earnings halftime report Apr. 29, 2016
Falling revenue, rising stock Apr. 28, 2016
Coke's new cans Apr. 27, 2016
Time for used car deals Apr. 26, 2016
- Berkshire Hathaway's 1Q profit up 8 percent on paper gain
OMAHA, Neb. (AP) — Berkshire Hathaway's first-quarter profit grew 8 percent largely because of the way it had to account for its Duracell acquisition on paper, but profits fell at its BNSF railroad and at its insurance units.
- Exxon sees smallest profit in 16 years, Chevron posts loss
DALLAS (AP) — Motorists are saving billions on cheaper gasoline, but the long slump in oil prices is taking a heavy toll on companies that find and produce crude.
- Molina Healthcare and Seagate skid, Amazon surges
NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq stock market:
- Exxon's 1Q profit plunges 63 percent on lower oil prices
DALLAS (AP) — Exxon Mobil produced its weakest quarter in more than 16 years as lower oil prices pushed its profit down by 63 percent.
- Eurozone economy at a glance: 2008 and now
LONDON (AP) — The eurozone economy has grown back to the size it was back in 2008, according to new figures. Here is a look at some other key indicators for the 19-country bloc, its best- and worst-off member states, and other major economies.
- Eurozone economy regains size of 2008 but remains shaky
LONDON (AP) — It's been a long and tortuous journey, but the eurozone economy is finally back to the size it was before the global financial crisis.
- China charges brokers, fund manager with insider trading
BEIJING (AP) — A prominent investor and the general manager of China's biggest stock brokerage have been arrested on insider trading charges, the government announced Friday, in the latest aftershock from a plunge in stock prices last year.
- Nationalized Royal Bank of Scotland sees loss widen
LONDON (AP) — Royal Bank of Scotland says its net loss widened in the first quarter as the taxpayer-owned bank made its final 1.2 billion-pound ($1.7 billion) payment to the U.K. Treasury as part of a deal to give the government first crack at any profits.
- Sanofi profits stable, strong sales in emerging markets
PARIS (AP) — Sanofi says drugs sales in emerging markets helped keep its profits stable in the first quarter despite losses caused by Venezuela's collapsing currency.
- Correction: Earns-Dr Pepper Snapple Group story
PLANO, Texas (AP) — In a story April 27 about Dr Pepper Snapple Group's first-quarter earnings, The Associated Press reported erroneously that the company makes Fiji Water. Dr Pepper distributes Fiji Water.