Reuters Before the Bell: American Express first-quarter profit falls 5 percent

Click to View in Browser Thursday, April 18, 2019 American Express first-quarter profit falls 5 percent Credit card issuer American Express Co said on Thursday its quarterly profit fell 5 percent, as it spent more on its rewards program. Stock futures subdued after weak manufacturing data from Europe U.S. stock index futures were muted on Thursday, as weak manufacturing data out of Europe underscored concerns of a global slowdown, while investors stayed on the sidelines ahead of the release of a long-awaited Mueller report. Oil prices rise on lower U.S. stocks, OPEC+ supply cuts Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran. Schlumberger profit falls 19.8 percent on weak North America activity Top oilfield services provider Schlumberger NV reported a 19.8 percent fall in quarterly profit on Thursday, hit by weak demand for its equipment and services from U.S. oil producers under pressure to rein in spending. Honeywell assessing its role in Boeing's next aircraft launch: CFO Honeywell International Inc is evaluating the revenue potential from supplying parts to Boeing's next major aircraft program, which is likely to be finalized by late 2019 or early next year, Chief Financial Officer Greg Lewis told Reuters. Google lets Android users choose browsers to ease EU antitrust concerns Users of Android devices will be able to choose their browsers and search engines from five options starting on Thursday, a senior Google executive said, in a move aimed at addressing EU antitrust concerns and staving off fresh sanctions. Honeywell beats profit estimates, raises full-year forecast Honeywell International Inc on Thursday reported a better-than-expected quarterly profit and raised its full-year financial forecast as a boom in air travel drove demand for its aircraft parts used in the airline industry. Blackstone to switch from a partnership to a corporation Blackstone Group LP, the world's largest manager of alternative assets such as private equity and real estate, said on Thursday it would convert from a partnership to a corporation, in a bid to get more investors into its stock. Daimler to seek 6 billion euros in cost savings at Mercedes: Manager Magazin Daimler is seeking 6 billion euros ($6.75 billion) in cost savings and efficiency gains by 2021 at Mercedes-Benz passenger cars and a further 2 billion euros at Daimler Trucks division, Manager Magazin said on Thursday. Grounded Jet Airways' shares sink, rivals race to grab airport slots Jet Airways shares plunged on Thursday, battered by worries about whether the grounded Indian airline would fly again, while carriers such as SpiceJet rushed in to plug a supply gap in the wake of their rival's demise. Related Video Future visions roll into the Shanghai Auto Show Interest high in Pinterest with $19 share price Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook