Wall Street turned positive in afternoon trading on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month, as gains in Alphabet and Amazon more than made up for losses in energy shares.
BRUSSELS/BEIJING Brewer Anheuser-Busch InBev (ABI.BR) cleared a major hurdle toward its takeover of SABMiller (SAB.L) with regulatory approval from China on Friday, leaving the acquisition's future in the hands of the British company's board.
The third time isn't the charm. Or the fourth. Or the fifth. Or, apparently, the sixth or seventh. Earlier this month, the U.S.
Exxon Mobil Corp. and Chevron Corp. missed profit and production estimates as wildfires, writedowns and weak refining margins battered oil explorers already reeling under a glut-driven price collapse.
Google parent Alphabet Inc. GOOGL 4.26 % said quarterly profit soared 24%, the second internet giant in two days to report blockbuster earnings driven by consumers' rapid shift to mobile devices.