CFO Brian Olsavsky defends the company's heavy spending, saying "We are continuing to invest in businesses that ... can last for decades."
Oil and natural gas production dropped by almost 1% in Q2, adding to the challenges facing new CEO Darren Woods.
The social media site added no monthly users in Q2, dashing the hopes of investors after a growth surge earlier in the year.
The big oil-services company falsified books and records and violated internal accounting controls in Angola dealings, the SEC charges.
“Strong results in North America and China, solid improvement in South America and continued growth of GM Financial drove another strong quarter."
CFO Jim Umpleby calls the second quarter "impressive," noting the company "continued to control costs and generated higher profit margins."
The fund cites uncertainty over Trump's fiscal policy in cutting its U.S. growth forecast to 2.1% for both 2016 and 2017.
A lower U.S. tax rate plus simplification of the tax system would stimulate corporate expansion and spark economic growth, consultant says.
Added to state taxes, that rate would be just below the worldwide average and make U.S. companies more competitive globally, accounting firm leader…
Many observers, as well as virtually all companies, favor a big cut. But how great is the potential for unintended consequences?