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Casilda Alborn
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Occidental 2nd Quarter Net Down 27% on Price Declines
Occidental Petroleum Corp.'s (OXY) second-quarter earnings dropped 27%, though still beat analysts' estimates, as declining oil and natural gas prices offset record production for the quarter.
Orange-Juice Sales Continue to Plunge While Prices Rise
Orange-juice sales continue to tumble as many U.S. consumers opt out of the popular breakfast beverage due to high prices.
Analytics Props Up Moody's as Volatility Buffets Ratings
Moody's Corp.'s (MCO) robust analytics business offset softness in its larger bond-ratings operation to keep second-quarter earnings from sliding as much as expected.
FDA Panel Recommends Wider Approval of Roche Eye Drug Lucentis
A federal advisory panel recommended wider approval Thursday for Roche Holding AG's (ROG.VX, RHHBY, RO.EB) eye drug, Lucentis.
Glencore Raises Viterra 2021 Note Offer to C$12.50/C$1,000 Notes
Swiss commodities Broker Glencore International PLC (GLEN.LN) said Thursday it will increase the proxy payment for Viterra Inc.'s (VT.T) 6.406% Senior Unsecured Notes due February 16, 2021 to $12.5 per C$1,000 of Notes.
Fujitsu to Unload Core Chip Plant
Fujitsu Ltd. (FJTSY) has entered into talks to sell its mainstay semiconductor plant to Taiwan Semiconductor Manufacturing Co. (TSM), the world's largest contract chipmaker, The Nikkei reported early Friday.
RBS, Nationwide Hit By Computer Glitches
Two major U.K. banks suffered computer glitches Thursday, the latest payments debacle to hit British bank customers this summer.
FINS: Sales Tax 'Loophole' Slowing Job Growth
The only thing Luke Cutchen loves more than playing guitars is selling them.
Saint-Gobain Sees Business Slowing in 2nd Half After Bad 1st Half
French building construction company Compagnie de Saint-Gobain SA (SGO.FR) Thursday said it expects its operating income to slow down in the second half of the year compared with the previous six-month period after reporting lower than expected net profit in the first half of the year.
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