Tag: Yahoo Finance

UPDATE 2-Schlumberger profit beats as international gains offset weak N.America

Schlumberger NV beat Wall Street estimates for profit on Friday, in the first quarter under Olivier Le Peuch, as higher international drilling activity boosted demand for its equipment and services and helped counter weakness in North America. The international business has been a bright spot for the world's largest oilfield services provider since last year as investor pressure to improve returns has forced North American oil and gas producers to rein in drilling new wells in a volatile price environment. Le Peuch, who took charge in July, has outlined plans to accelerate digital investments, restructure his predecessor Paal Kibsgaard's major initiatives and resize the company's North American onshore operations....

Market Morning: Brexit Deal Details, Drug Wars, Danone Down, Aramco Delay, Hong Kong Boils

The Lowdown on The Brexit Deal It’s going to be a weekend of fireworks galore in the United Kingdom, possibly one of the most interesting times in the country’s history since World War II. Except this time nobody is going to get bombed and killed, so that’s definitely a plus. SEE: Canopy Rivers Gets Approval […]The post Market Morning: Brexit Deal Details, Drug Wars, Danone Down, Aramco Delay, Hong Kong Boils appeared first on Market Exclusive....

Nashville’s Million-Dollar Homes Are Shrinking Fastest in U.S.

(Bloomberg) -- Million-dollar homes in the U.S. are shrinking fast.Nowhere is that more stark than in Nashville, Tennessee, a superstar economy brimming with high-paying jobs, hip bars and new luxury downtown condos. There, $1 million buys a home that’s 28% smaller than just five years ago, according to a Zillow ranking of the 100 most-populous cities. Close behind was Oakland, California, a refuge for affluent home-shoppers seeking a cheaper alternative to San Francisco, with a 25% drop.“If you have a high number of people moving to an area, especially those with higher incomes, it can raise demand and makes these houses more expensive,” Kathryn Coursolle, an economist at Zillow, said by phone. “A million dollars is still a lot of money, especially in some areas.”At that price, buyers nationwide can expect to get 2,192 square feet, 14% less space than in 2014 but enough for a single-family home with four bedrooms...