News
Exxon Mobil Corp posted a $56 billion profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own annual records on high prices and ...
Pfizer surprised Wall Street with a prediction for a bigger-than-expected sales drop this year for two key products: its COVID-19 vaccine and treatment. The drugmaker also released an earnings forecast that is below analyst expectations, sending shares lower before the opening bell Tuesday. Pfi...
The U.S. Environmental Protection Agency on Tuesday effectively vetoed a proposed open-pit copper and gold mine in a remote region of southwest Alaska that is a trove of minerals coveted by mining interests but that also supports the world’s largest sockeye salmon fishery. The move by the agency, ...
Warren Buffett has his aw-shucks act down pat. And the Sage of Omaha has monetized that image to great effect, sweeping into situations to support companies in a tight spot with his cash and his implicit seal of approval while getting a plum deal that no other shareholder could land. With markets sa...
Samsung’s quarterly profits have plunged to their lowest level in eight years as customers snapped up fewer cell phones and laptops. The tech giant reported operating profit of 4.3 trillion Korean won ($3.5 billion) on Tuesday for the three months ended December, down 69% from a year ago. Revenue ...