A surprisingly strong report card on the U.S. economy helped power the benchmark S&P 500 and Nasdaq Composite indexes to record high closes on Friday, capping a week of gains for stocks that came largely on the back of resilient corporate profits. Press Release Distribution Service
Exxon Mobil, Chevron dogged by refining, chemicals troubles
Exxon Mobil Corp and Chevron Corp on Friday reported lower profits, citing lower margins and refining weaknesses, areas that have plagued the two oil companies off and on for more than a year. Press Release Distribution Service
Bayer says non-executive directors back management board
Bayer said on Saturday its non-executive supervisory board unanimously expressed its confidence in the board of management, which was given a vote of disapproval from shareholders at Friday’s annual general meeting. Press Release Distribution Service
Toyota abandons plan to install U.S connected vehicle tech by 2021
Toyota Motor Corp said on Friday it was halting plans to install Dedicated Short-Range Communications technology on U.S. vehicles aimed at letting cars and trucks communicate with one another to avoid collisions. Press Release Distribution Service
China’s Xi says Belt and Road must be green, sustainable
China’s Belt and Road Initiative (BRI) must be green and sustainable, President Xi Jinping said in opening a summit on his grand strategy, adding that the massive infrastructure and trade plan would deliver “high-quality” growth for all. Press Release Distribution Service
Tesla’s Musk agrees to new vetting rules for tweets in SEC deal
Tesla Inc Chief Executive Elon Musk has reached a deal with the U.S. Securities and Exchange Commission to settle a dispute over his use of Twitter, agreeing to submit his public statements about the company’s finances and other topics to vetting by its legal counsel, according to a court filing on Friday. Press Release Distribution…
