Career News 24/7: Before the Bell: Exxon Mobil profit easily beats Wall Street's expectations

Thursday, May 1, 2014

Before the Bell: Exxon Mobil profit easily beats Wall Street's expectations

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05/1/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Exxon Mobil profit easily beats Wall Street's expectations

(Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil company, posted a quarterly profit on Thursday that easily beat Wall Street's expectations as higher natural gas prices offset a dip in oil production.

Consumer spending surges in March, boosts growth outlook

WASHINGTON (Reuters) - U.S. consumer spending recorded its largest increase in more than four and a half years in March, cementing views the economy ended a dismal first-quarter on solid footing.

Jobless claims rise unexpectedly in latest week

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but the underlying trend continued to point to improving labor market conditions.

Stock futures point to flat open, Dow comes off record close

NEW YORK (Reuters) - U.S. stock index futures pointed to a flat open on Thursday as investors paused following a rally in the previous session that took the Dow to its first record close of 2014.

MasterCard profit rises as more people use cards

(Reuters) - MasterCard Inc , the world's second-largest debit and credit card company, posted a 14 percent rise in quarterly profit as more people used cards to shop.

Viacom quarterly profit rises 4 percent

(Reuters) - Viacom Inc , which owns cable networks MTV and Comedy Central, reported a 4 percent rise in quarterly profit as increased advertising revenue from its cable business offset weakness in its film entertainment division.

British regulator bans former UBS trader over Adoboli losses

LONDON (Reuters) - Britain's financial regulator has banned a former senior UBS trader for failing to adequately supervise his junior colleague Kweku Adoboli, the "rogue trader" jailed in 2012 for running up $2.3 billion in unauthorized trading losses.

Chrysler April U.S. sales up 14 percent; industry seen up 9 percent

DETROIT (Reuters) - Chrysler Group LLC, a unit of Fiat Chrysler Automobiles , reported a 14 percent rise in U.S. auto sales for April, which is higher than the expected 9 percent increase for the industry.

Discounts help T-Mobile add more customers

(Reuters) - T-Mobile US Inc said it added a net 2.4 million customers in the first quarter, up from 579,000 a year earlier, as the company's aggressive discounts won over customers.

GM recalls 2013 Cadillac SRX on lagging acceleration issue

DETROIT (Reuters) - General Motors Co is recalling about 56,400 model year 2013 Cadillac SRX crossover vehicles because of possible delays in acceleration linked to a computer program that controls the transmission, U.S. regulators said on Thursday.