Halliburton vows more cost cuts as shale demand dwindles, shares rise

Halliburton vows more cost cuts as shale demand dwindles, shares rise
(Reuters) – Halliburton Co on Monday promised more cost cuts after reporting a bigger-than-expected drop in quarterly revenue as the oilfield services looks to counter weak demand from North American shale producers, sending its shares up about 7%. FILE PHOTO: Oil production equipment is seen in a Halliburton yard in Williston, North Dakota, U.S., April 30, 2016. REUTERS/Andrew Cullen/File Photo... Read More

Wall Street rises on trade optimism; Boeing slides

Wall Street rises on trade optimism; Boeing slides
(Reuters) – Wall Street kicked off the week on an upbeat note on Monday after the United States and China showed some signs of progress in resolving their trade war, but a fall in Boeing’s shares pressured the blue-chip Dow index. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October... Read More

Drug companies reach $260 million settlement, averting first federal opioid trial

Drug companies reach $260 million settlement, averting first federal opioid trial
CLEVELAND (Reuters) – Four large drug companies reached a last-minute $260 million legal settlement over their role in the U.S. opioid addiction epidemic, averting the first federal trial that was scheduled to start Monday morning in Cleveland. A view of the statue standing in front of the U.S. District Courthouse in Cleveland, Ohio, U.S., October 18, 2019. REUTERS/Aaron Josefczyk The... Read More

Drug companies reach settlement, averting first federal opioid trial

Drug companies reach settlement, averting first federal opioid trial
A sign is seen on the outside of the courtroom on the first day of a trial of Johnson & Johnson over claims they engaged in deceptive marketing that contributed to the national opioid epidemic in Norman, Oklahoma, U.S. May 28, 2019. REUTERS/Nick Oxford CLEVELAND (Reuters) – Four large drug companies reached a last-minute $260 million legal settlement over their... Read More

India’s Infosys U.S. listed shares plunge after whistleblower complaints

India’s Infosys U.S. listed shares plunge after whistleblower complaints
FILE PHOTO: The Infosys logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren BENGALURU (Reuters) – U.S.-listed shares of Infosys Ltd (INFY.N) (INFY.NS) fell nearly 16% in premarket trading on Monday after the Indian software services exporter said it had received whistleblower complaints alleging “unethical practices” by the company’s executives.... Read More

Italy’s biggest bank wants to become less Italian

Italy’s biggest bank wants to become less Italian
MILAN (Reuters) – The chief executive of UniCredit (CRDI.MI) has a plan to revive his company’s ailing share price – make it less Italian. FILE PHOTO: The UniCredit bank headquarters in Milan, Italy, March 27, 2017. REUTERS/Stefano Rellandini/File Photo Italy’s biggest bank is looking at whether it can distance itself from its home country’s stagnating economy and fractious politics by... Read More

Wall Street eyes higher open on trade optimism; Boeing weighs

Wall Street eyes higher open on trade optimism; Boeing weighs
(Reuters) – Wall Street looked set to start the week on an upbeat note on Monday on fresh signs of progress in a long-awaited resolution to the U.S.-China trade war, but a fall in Boeing’s shares capped early gains. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 18, 2019.... Read More

Halliburton revenue drops more than expected as shale demand slows

Halliburton revenue drops more than expected as shale demand slows
(Reuters) – Halliburton Co (HAL.N) reported a bigger-than-expected 10% drop in quarterly revenue on Monday, as the oilfield services provider battled lower demand from shale oil producers in North America, its biggest market. FILE PHOTO: Oil production equipment is seen in a Halliburton yard in Williston, North Dakota, U.S., April 30, 2016. REUTERS/Andrew Cullen/File Photo Revenue from North America, which... Read More