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Kirk McKoy | Los Angeles Times | Getty Images An oil rigger at a Schlumberger field prepares pipes in Midland, Texas. The world’s largest oilfield services provider Schlumberger reported an 88 percent rise in quarterly profit on Friday as rising crude oil prices encouraged its North American clients to ramp up spending. Net profit attributable
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General Electric reported first-quarter earnings Friday that outpaced Wall Street expectations and reaffirmed its financial outlook for the year. Shares of GE rose as high as 7 percent in early trading, before sliding to trade 3 percent up on the day. Earnings in the latest period were fueled by strong performance by the company’s aviation,
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Olivia Harris | Reuters Authorities around the world, including the United States, Switzerland and Singapore have looked into anti-money laundering breaches relating to 1MDB. The financial scandal — one of the world’s biggest — has rocked Malaysian politics and involves players as diverse as Goldman Sachs and Hollywood. The state of 1MDB’s finances has been
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Check out the companies making headlines after the bell: Skechers stock plummeted more than 23 percent in the extended session. The footwear company reported earnings and revenues that surpassed Wall Street expectations. Global same-store sales were also up 9.5 percent. Despite the strong earnings, weak second-quarter guidance sent shares falling. E*Trade shares fell more than
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Sleep Number shares dropped as much as 13 percent Thursday after the company failed to meet earnings and revenue expectations. The bed manufacturer reported disappointing earnings results. First quarter profit came in at 52 cents versus the 56 cent consensus estimate, according to FactSet. Revenue for the period was $389 million, short of the $397
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