BP Posts Weaker Profit, Misses Expectations
BP's first-quarter profit was hit by lower oil and gas trading but it confirmed a $1.75 billion share buyback.
UBS Beats Forecasts as Integration-Related Costs Fall
UBS returned to profit in the first quarter with the integration of Credit Suisse less of a drag on its performance than anticipated, as the group continued to attract funds from wealthy clients.
Apple Is Developing AI Chips for Data Centers, Seeking Edge in Arms Race
The company is leaning on its long history of chip development in the effort, code-named Project ACDC.
Amazon to Invest $9 Billion More in Singapore Cloud Infrastructure
The tech giant's clouding-computing arm said the investment will be rolled out over the next four years in Singapore to meet growing demand for cloud technology and services.
ANZ's Profit Falls, Announces Share Buyback
The Australian lender reported a 4% fall in interim profit, but boosted its dividend by almost 2.5% and announced a share buyback as its capital position remained strong.
Starliner Launch Delayed After Issue Identified With Rocket Valve
A Boeing spacecraft was due to take its inaugural crewed flight Monday, carrying NASA astronauts to the International Space Station.
Disney's Streaming Could Be All the Earnings Talk
The entertainment company has said it expects its streaming division to become profitable by the fourth quarter of this fiscal year.
BP Earnings Are on Tap. It's Betting Big on the Gulf of Mexico.
The company is back to exploring for new oil wells, and some of its most aggressive exploration projects are in the Gulf.
FAA Opens New Boeing Inquiry Over 787 Inspections
The jet maker recently said its employees may have skipped some Dreamliner checks related to electrical safeguards.
UPS Finance Chief to Exit, Citing Focus on Health
United Parcel Service said Chief Financial Officer Brian Newman would depart the company as he looks to focus on his health.
(END) Dow Jones Newswires
May 07, 2024 03:00 ET (07:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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