US Business

The telecommunications company reported a 19.8% rise in first-quarter group service revenue at constant currency and said the separation of the fintech business continues to progress.

The lender raised its guidance for the year as higher fee income boosted first-quarter earnings.

Saudi Arabia’s national oil company reported a marginal profit beat for the first quarter as weaker oil prices caused by global economic uncertainty dragged on earnings.

Santa Barbara, Calif.-based Kate Farms makes organic nutrition products for both medical and everyday needs.

Berkshire Hathaway has amassed 28% of Occidental Petroleum, but its stock has slumped as U.S. oil prices come under pressure.

The deal involves a package of infrastructure in Bulgaria, including Russia’s last operational natural-gas link to Europe.

The Houston oil producer posted first-quarter earnings of $2.8 billion, or $2.23 a share, up from $2.6 billion, or $2.15 a share, a year earlier.

U.S. crude oil inventories fell by 2 million barrels to 438.4 million barrels in the week ended May 2 and were about 7% below the five-year average for the time of year, the EIA said.

The premium speaker maker’s stock is jumping as the home theater market and entry-level price cut boost sales.

The outage affected communications and radar for 90 seconds early Friday in latest upheaval at Newark.