Text size It is the busiest week of the second quarter earnings season, with 171 S&P 500 companies slated to report. Things start slowly on Monday, before 3M, Advanced Micro Devices, eBay, McDonald’s, Pfizer, Starbucks and Visa reported on Tuesday. On Wednesday, Boeing, Facebook, General Electric, PayPal Holdings, Qualcomm and …
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Text size David McNew / Getty Images Oil services company Schlumberger is cutting 21,000 jobs after a disastrous quarter. Analysts are optimistic. Schlumberger’s (ticker: SLB) second-quarter results, released Friday morning, were grim at first glance: a 35% year-over-year revenue decline and a plan to cut a quarter from staff. But …
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Text size JOSH EDELSON / AFP via Getty Images Centrica’s shares soared more than 17% after it agreed to sell Direct Energy, its North American energy business, to NRG Energy for $ 3.6 billion in cash. Houston-based Direct Energy provides electricity, natural gas, and home services to consumers and businesses …
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The energy generated by nuclear fusion has great potential as a clean and almost limitless source of energy, but many obstacles must be overcome before it becomes a practical reality, and scientists may have escaped from another. New models of an unwanted fusion phenomenon called ‘chirping’, where vital heat can …
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German semiconductor maker Infineon was one of the most downed on Friday when European tech stocks plummeted. Matthias Balk / Agence France-Presse / Getty Images European stocks fell sharply on Friday as tech stocks fell and investors were no longer able to avoid mounting tensions between the United States and …
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