Reuters Before the Bell: ConocoPhillips profit beats estimates, but budget cut 10 percent

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Thursday, October 26, 2017

ConocoPhillips profit beats estimates, but budget cut 10 percent

HOUSTON (Reuters) - ConocoPhillips, the largest U.S. independent oil producer, reported a better-than-expected quarterly profit on Thursday helped by rising crude prices, though it slashed its capital budget to further cut costs.

Ford third-quarter profit lifted by U.S. sales, cost cutting

DETROIT (Reuters) - Ford Motor Co on Thursday reported a better-than-expected quarterly net profit, driven by sales of high-margin pickup trucks and SUVs in the U.S. market and cost cutting.

Futures higher with earnings in focus

(Reuters) - U.S. stock index futures were slightly higher on Thursday, with investors bracing for a flood of major corporate results in one of the busiest days for the third-quarter earnings season.

Apple, Volkswagen, BMW warn EU over patent fees guidelines

BRUSSELS (Reuters) - Apple , Volkswagen , BMW and Daimler have warned EU regulators that adopting patent fee guidelines which favor Qualcomm and Ericsson could hurt consumers and hinder innovation.

Twitter nears first profitable quarter as it slashes expenses, shares jump

(Reuters) - Twitter Inc said on Thursday it could turn its first ever profit in the fourth quarter, after making sweeping cuts in expenses the past few months and finding sources of revenue beyond the advertising that dominates social media.

Wal-Mart launches shelf-scanning robots in about 40 stores

CHICAGO (Reuters) - Wal-Mart Stores Inc will roll out shelf-scanning robots in approximately 40 stores to replenish inventory faster on its shelves and save store employees time when products run out.

Tesla's seat strategy goes against the grain...for now

The seats on Tesla Inc's new Model X SUV were a mess. An outside contractor was having trouble executing the complicated design, spurring frustration and finger-pointing between Tesla and its supplier.

Baskin-Robbins sales drop weighs on Dunkin' Brands' third-quarter profit

(Reuters) - Dunkin' Brands Group Inc , the owner of the Dunkin' Donuts chain, reported a surprise fall in comparable sales at its Baskin-Robbins restaurants, weighing on the company's overall profit in the third quarter.

Exclusive: Saudi Aramco IPO on track for 2018 - Saudi crown prince

RIYADH (Reuters) - Saudi Aramco's initial public offering is on track for next year and the national oil giant could be valued at more than $2 trillion, Saudi Arabia's Crown Prince Mohammad bin Salman told Reuters in an interview.

Crown Prince announces Saudi mega-city listing, discusses Qatar rift, Yemen war

RIYADH (Reuters) - Following is the text of Reuters interview with Saudi Arabia's Crown Prince Mohammed bin Salman.

Reuters Before the Bell: ConocoPhillips profit beats estimates, but budget cut 10 percent

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