Stocks

Shares were mostly lower in Asia on Friday after an overnight decline on Wall Street spurred by disappointingly weak earnings reports from 3M and some other industrial companies.

Asian shares were mixed Thursday, with the Shanghai benchmark sharply lower, after U.S. stocks gave back some gains from Tuesday's rally on Wall Street.

Amazon's push into advertising and cloud computing is paying off, helping the online shopping giant's first quarter profit more than double from a year ago.

Starbucks Corp. is raising its profit outlook for 2019 after better-than-expected results in its most recent quarter.

Major U.S. stock indexes ended mostly lower Thursday, dragged down by losses in several industrial companies.

Ford earnings fell in the first quarter, but the automaker's shares rallied in extended trading as Ford said a restructuring is starting to take hold.

___ Walmart experiments with AI to monitor stores in real time LEVITTOWN, N.Y.

The earnings beat came days after Luckin filed for its initial public offering in a bid to raise $100 million.

Disappointingly weak earnings reports from 3M and other industrial companies kept U.S. stock indexes in check on Thursday, blotting out a set of blowout results from big-name tech companies.

The e-commerce giant posted earnings per share of $7.09, beating the $4.27 expected by analysts polled by Refinitiv.

The latest on developments in financial markets (all times local): 9:35 a.m.

3M plans to cut 2,000 globally as part of a restructuring due to a slower-than-expected 2019.

Altria Group on Thursday reported first quarter profit of $1.12 billion.

It's not just the stock market at a record high that's feeling the Fed effect.

Dow drops on 3M earnings but Facebook and Microsoft lift Nasdaq

The job cuts, part of moves to restructure its businesses into four operating units from five, would result in an estimated annual pre-tax savings range of $225 million to $250 million, with $100 million in the remainder of 2019.

U.S. stocks followed a record-setting day with more subdued trading Wednesday as investors continue digesting a steady flow of corporate earnings and a potential break in the trade war between the U.S. and China.

Tesla has lost nearly $6 billion since setting out to revolutionize the auto industry 15 years ago, but CEO Elon Musk foresees a profitable future fueled in part by a ride-hailing service made up of electric cars driven by robots.

A bidding war is breaking out over Anadarko Petroleum, with Occidental making an offer of $76 per share in cash and stock that it says is about a 20% premium to Chevron's $33 billion deal.

Microsoft's ongoing push to get automakers, retailers and other businesses onto its cloud computing platform helped power the company's third-quarter earnings ahead of Wall Street expectations Wednesday.