Exxon Mobil profit and revenue rise as the oil giant takes $2 billion impairment
"The market did view the result negatively because they missed the headline number, but that's really only because of ... impairments for Exxon, which are non-recurring. And so the clean results were actually similar to consensus, but they were just messy," he told CNBC's "Fast Money: Halftime Report." Excluding that charge, Exxon reported fourth-quarter earnings of $3.7 billion, or 90 cents a share. In the period a year ago, it reported earnings of $2.8 billion, or 67 cents a share. Re..>> view originalIndia budgets for recovery, and for the poor, after cash crunch
NEW DELHI India will ramp up spending on rural areas, infrastructure and fighting poverty, Finance Minister Arun Jaitley said as he unveiled his annual budget on Wednesday, adding the impact on growth from the government's cash crackdown would wear off soon.Addressing parliament, Jaitley called his fourth budget one for the poor. Yet, while vowing prudent fiscal management, he also raised his 2017/18 federal deficit target to 3.2 percent of gross domestic product to cover his spending promises..>> view originalArmy Corps ordered to issue final Dakota Access pipeline permit, two lawmakers say
Construction continues on the Dakota Access Pipeline near the town of Cannon Ball, N.D., in October. (Reuters/Josh Morgan) The acting secretary of the Army has instructed the Army Corps of Engineers to provide the final permit needed to complete the Dakota Access pipeline, according to two North Dakota GOP lawmakers who support the project. Sen. John Hoeven and Rep. Kevin Cramer both issued statements Tuesday night saying the acting secretary of the Army, Robert Speer, had ordered the Corps ..>> view originalTrump cancels Harley-Davidson factory visit over planned protests: report
Japan policymakers reject Trump devaluation claims
TOKYO Japanese policymakers hit back at U.S. President Donald Trump's accusation of currency manipulation on Wednesday, stressing that Tokyo was abiding by a Group of 20 agreement to refrain from competitive currency devaluation.The dollar was on the defensive after Trump and trade adviser Peter Navarro criticized China, Germany and Japan, saying they were devaluing their currencies to the disadvantage of the United States.Senior Japanese government officials, worried about the pain a rise in ..>> view originalTrump pledges to work with Big Pharma to lower drug prices
In a "pharma" meeting in the Oval Office, the President told executives from companies such as Merck & Co. and Johnson & Johnson that they have done a "terrific job over the years" but that prices for drugs must come down."So you have to get your companies back here. We have to make products ... We have to get rid of a tremendous number of regulations," Trump said. "I know you have some problems where you cannot even think about opening up new plants. You can't get approval for the plant and the..>> view originalTrans-Atlantic Mood Sours as Merkel Refutes Trump on Euro
Chancellor Angela Merkel rejected an accusation by President Donald Trump’s top trade adviser that Germany is gaming foreign-exchange markets as European leaders grapple with the new U.S. administration.Peter Navarro, the head of the White House National Trade Council, told the Financial Times that Germany’s excessive surplus is a sign of a “grossly undervalued” currency. Merkel pushed back, saying the exchange rate was the province of the European Central Bank and that the German government ha..>> view originalFed's message on portfolio trimming: prepare, don't fret
Fed's message on portfolio trimming: prepare, don't fret By Reuters Published: 01:00 EST, 1 February 2017 | Updated: 01:00 EST, 1 February 2017 By Ann Saphir and Richard LeongSAN FRANCISCO/NEW YORK, Feb 1 (Reuters) - Federal Reserve policymakers are putting markets on notice that the central bank's $4.5 trillion balance sheet is back on the agenda in an apparent effort to give investors time to prepare for changes rather than to signal any action is imminent.Policymakers want to mini..>> view originalAfter $24 Million Anti-Trump Windfall, ACLU Heads To Silicon Valley For Startup Lessons
Y Combinator president Sam Altman. (Photo by Steve Jennings/Getty Images) Attendees for Y Combinator's annual Demo Day this spring will find an unusual sight in the mostly young, tech-centric crowd: the head of the American Civil Liberties Union, making his pitch for why Silicon Valley should invest in defending constitutional rights. The ACLU has been accepted by the prominent startup accelerator as part of its current batch of companies, receiving funding and mentoring as part of the arrang..>> view originalDecision Day Guide: Fed to Hold Rates Steady to Reassess Outlook
Federal Reserve officials convene this week amid expectations that they will take a break after their December interest-rate hike to assess whether the economy is shifting out of its low-inflation, 2 percent growth mode into a higher gear.Following the election of President Donald Trump, both household and business sentiment indicators have jumped. U.S. central bankers are watching closely to see if the rising confidence is being met with action in the form of stronger investment spending, cont..>> view original
Wednesday, February 15, 2017
Exxon Mobil profit and revenue rise as the oil giant takes $2 billion impairment and other top stories.
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