Business

Washington (AP) Five technology giants are reporting earnings Thursday, providing the latest indication of whether they are rebounding from an economic slowdown earlier this year. The results come a day after the CEOs of Facebook, Google and Twitter tes...

Starbucks saw faster-than-expected recovery in the U.S. and China in its fiscal fourth quarter, giving it confidence as it heads into the holiday season.

Twitter Inc on Thursday added fewer users than Wall Street had expected and said expenses would accelerate in the current quarter, sending its shares tumbling 13%.

Oil producer ConocoPhillips, which is buying Concho Resources Inc for $8.3 billion, posted a smallerthanexpected quarterly loss on Thursday as it benefited from a recovery in crude oil prices from pandemicdriven lows.

Exxon Mobil Corp said on Thursday it could cut the number of global employees by 15% and would lay off about 1,900 employees in the United States as the COVID19 pandemic batters energy demand and prices.

The U.S. economy grew at a record pace in the third quarter as the government injected more than $3 trillion worth of pandemic relief which fueled consumer spending, but the deep scars from the COVID19 recession could take a year or more to heal.

Oil prices fell 5% on Thursday to their lowest since midJune, extending the previous day's sharp decline on the potential impact renewed coronavirus lockdowns will have on oil demand.

Royal Dutch Shell on Thursday raised its dividend after easily beating quarterly profit forecasts and outlined plans to shrink its oil and gas operations as it presses forward with a transition to lowcarbon energy.

Swiss drugmaker Novartis is buying Vedere Bio, hoping gene therapy technology that has helped blind mice to see will produce similar results in people with inherited conditions that cause them to lose their sight.

Nokia cut its fullyear profit forecast on Thursday even as the telecom network equipment maker's quarterly underlying profit met expectations in its first earnings under new CEO Pekka Lundmark.

Oil and gas group OMV's thirdquarter operating profit fell by twothirds as lower crude prices and the pandemicinduced global economic crisis bite.

Swiss specialty chemicals maker Clariant on Thursday predicted a slight rebound for the rest of 2020 as costcutting measures help temper the COVID19 hit to auto, textile and oil industry clients that hurt its thirdquarter performance.

Gilead Sciences Inc on Wednesday cut its 2020 revenue forecast, citing lowerthanexpected demand and difficulty in predicting sales of remdesivir, the only treatment approved in the United States for patients hospitalized with COVID19.

Democrat Joe Biden would immediately consult with America’s main allies before deciding on the future of U.S. tariffs on China, seeking “collective leverage” to strengthen his hand against Beijing if he is elected president, Biden top advisers said on Wed...

The S&P 500 had its worst day since June and the Dow Jones Industrial Average sank more than 900 points Wednesday as surging coronavirus cases in the U.S. and Europe threatened more pain for the economy.

U.S. jeweler Tiffany & Co has agreed with LVMH to slightly lower the price of its acquisition by the French luxury goods group, in a move that could end a legal dispute between the two, two sources familiar with the matter said on Wednesday.