The $77 bln oil driller is more exposed than larger rivals to lower crude prices after ditching its refinery arm three years ago. That translates into a Q4 loss of $39 mln and big cuts in planned 2015 spending. Dividends will stay high for now, but growth may suffer as a result.
Prosecutors’ aggressive view of the law has already irked appeals judges, and the Supreme Court may be next. A case on the definition of an illegal tip could give Justice Scalia his long-sought chance to rein in Wall Street watchdogs. Their loss would be a win for clearer rules.
Boss Mark Zuckerberg splashed out so much on new projects that his firm’s Q4 operating margin fell by a third. But the social network’s top line grew 49 pct thanks to more users and mobile income. That’s a reasonable dynamic, assuming Zuckerberg is picking the right ventures.
The U.S. central bank added a hint of “international” concern to its latest statement. Yet American growth is stronger than in markets where policymakers are easing further. The Fed is still poised to raise rates gradually – as long as overseas events don’t infect its home turf.
The carmaker’s pre-tax margin slipped to just 4.3 pct in 2014 – and that excludes one-off hits. Revenue declined, too. Such dips are typical, though, when launching new models. Dealing with currency headwinds and autonomous vehicles will present a more enduring challenge.
Steve Easterbrook may be a veteran of the Golden Arches. But the company’s onetime Europe chief also spent two years running more hip UK chains PizzaExpress and then Wagamama. That’s the experience McDonald’s needs to adapt to changing consumer tastes and revive sales.
Long-delayed results by the $50 bln state oil giant failed to include an audit or scandal-related writedowns. The festering problem casts a cloud over national reforms by Finance Minister Joaquim Levy, who impressed the Davos crowd. Petrobras bonds, however, may be worth a look.