U.S. stock futures little changed as investors await GDP data

- U.S. stock index futures were little changed on Thursday ahead of second-quarter gross domestic product numbers that will give clues regarding the health of the economy even as the Fed left the door open for a possible interest rate hike in September.

Recent Business News

Conoco results beat estimates, cuts capex amid low oil price

- ConocoPhillips , the largest U.S. independent oil and gas company, reported quarterly results that beat analysts' expectations Thursday and said it would cut capital expenditure as low crude oil prices persist.

7:59am EDT

Shell to axe 6,500 jobs and cut spending to cope with lower oil prices

LONDON - Royal Dutch Shell is to axe 6,500 jobs this year and step up spending cuts, responding to an extended period of lower oil prices which contributed to a 37 percent drop in the oil and gas group's second-quarter profits.

6:07am EDT

Nokia, Alcatel-Lucent post strong results as merger approaches

PARIS/HELSINKI - Shares in telecom network gear makers Nokia and Alcatel-Lucent jumped on Thursday after both posted strong second-quarter results, giving a positive signal ahead of their pending merger.

5:31am EDT

Failed FT bid shows Axel Springer caught between tradition and ambition

FRANKFURT/BERLIN - Axel Springer's failure to clinch a deal to buy the Financial Times lengthens a line of setbacks in a decade-old quest by Germany's biggest news publisher to expand abroad.

Deals, Germany 5:34am EDT

Blackstone sells stake in Indian auto parts maker to consortium

- A fund run by U.S. private equity firm Blackstone Group has sold its 97.9 percent stake in Indian auto components maker Agile Electric Sub Assembly to a group of buyers, including Japan's Igarashi Electric Works, for an undisclosed amount.

7:36am EDT


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