Reuters – Chevron Corp , the second-largest U.S. oil company, reported a three-fold jump in quarterly profit on rising oil output, higher energy prices and buoyant margins at its refineries, topping Wall Street forecasts.
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Chevron earnings triple
(Reuters)
Reuters – Royal Dutch Shell Plc (RDSa.L) said second-quarter current cost of supply (CCS) net income jumped 94 percent to $4.53 billion thanks to a strong operating environment and a speedy restructuring of the group.
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Shell Q2 profits double as overhaul beats targets
(Reuters)
Reuters – Euro zone member Slovakia will have strong reasons to reconsider its help to indebted euro group member Greece, the Eurogroup Chairman Jean-Claude Juncker was quoted as saying.
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EU’s Juncker says Slovakia may reconsider help to Greece
(Reuters)
Reuters – Seven European banks would not be strong enough to withstand another recession and would face a capital shortfall of 3.5 billion euros ($4.5 billion), tests run in an attempt to revive investor confidence showed on Friday.
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Seven banks fail Europe’s stress test
(Reuters)
AP – Magna International shareholders have approved a plan to pay founder and Chairman Frank Stronach about $1 billion in cash, shares and other incentives to give up his family’s voting control of the global auto parts maker.
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Magna shareholders approve Stronach buyout
(AP)
Reuters – Strong results from major U.S. multinationals such as Caterpillar Inc and UPS suggest the global economy may be on a stronger footing than previously thought.
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Industrial earnings boost recovery hopes
(Reuters)
Reuters – Diversified U.S. manufacturer 3M Co reported earnings that beat Wall Street’s expectations and raised its forecast for the year, boosted by strong demand in key emerging markets.
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3M profit tops Wall Street view, raises forecast
(Reuters)
U.K. Prime Minister David Cameron talked about Afghanistan and BP, two subjects that will be big issues here, on his first trip to the U.S. as prime minister.
U.K. Prime Minister David Cameron talked about Afghanistan and BP, two subjects that will be big issues here, on his first trip to the U.S. as prime minister.
British Prime Minister David Cameron will have talks Tuesday with President Obama at the White House. Their agenda is likely to be dominated by discussions about Afghanistan and the international economic crisis.
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