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Monday, July 22, 2019

Halliburton profit beats on international demand for oilfield services

Halliburton Co on Monday beat analysts' estimates for second-quarter profit, as higher international demand for its oilfield services cushioned weakness in North America, its largest market.

Stocks struggle, oil jumps on Middle East tensions

European stocks lingered on Monday, hamstrung by dialled-down expectations for a larger U.S. rate cut this month, while escalating tensions in the Middle East boosted oil prices and rising fears for a no-deal Brexit haunted the pound.

Equifax to pay up to $650 million in data breach settlement

Credit-reporting company Equifax Inc will pay up to a record $650 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday.

Starbucks' China rival Luckin Coffee plans first foray overseas

Starbucks' Chinese challenger, Luckin Coffee , plans to open coffee shops in the Middle East and India, in its first move overseas.

Futures edge higher ahead of bumper earnings week

U.S. stock index futures rose slightly on Monday as investors geared up for a busy week of corporate earnings, with results from major companies including Facebook and Amazon on tap.

Hyundai Motor lays out U.S. recovery plan, places hope on new SUV models

South Korea's Hyundai Motor Co laid out its U.S. sales turnaround plan on Monday with an expanded line-up of sport-utility vehicles (SUV), after posting its biggest quarterly profit jump in seven years.

Oil prices jump after Iran seizes British tanker

Oil prices rose sharply on Monday on concerns that Iran's seizure of a British tanker last week may lead to supply disruptions in the energy-rich Gulf.

Bayer could benefit from home advantage in St. Louis Roundup cancer trial: experts

Bayer AG , facing an upcoming trial in St. Louis over allegations that its Roundup weed killer causes cancer, has recruited Missouri-based expert witnesses to make its case in a place where it has century-old roots but where juries often hit companies with huge damages.

Philips sales spurred by rising Chinese healthcare spending

Rising healthcare spending by the Chinese government helped Dutch health technology company Philips post better-than-expected sales growth for the second quarter, putting its shares among the top performers in Europe on Monday.

Fire forces Philadelphia Energy Solutions to file for bankruptcy again

Philadelphia Energy Solutions (PES) filed for its second Chapter 11 bankruptcy in less than two years on Sunday, a court filing showed, a month after a fire and explosion led to the permanent shutdown of the biggest oil refinery on the U.S. East Coast.