Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
Iran's Revolutionary Guard says it seized a British tanker in the Strait of Hormuz, claiming it failed to follow international marine regulations.World Newsread more
More than a quarter of the S&P 500 companies report earnings in the week ahead, and that could buffet the market as investors await the Fed's meeting at the end of the month.Market Insiderread more
Executives from United Airlines and American Airlines were "shocked" that state-owned airline Qatar Airways CEO Akbar Al Baker was also invited to the meeting, according to a...Airlinesread more
Walmart is making further organizational changes as it continues to integrate its store and digital operations and leadership, according to a memo obtained by CNBC that was...Retailread more
George Nader helped arrange a January 2017 meeting in the Seychelles between Erik Prince and the head of Russia's sovereign wealth fund, who reported directly to Vladimir...Politicsread more
These are the stocks posting the largest moves midday.Market Insiderread more
"I'm not hearing people blame the Fed as much as they're blaming tariffs," says CNBC's Jim Cramer.US Economyread more
Earlier, Williams said in a speech that "it's better to take preventative measures than to wait for disaster to unfold."The Fedread more
(Adds details on earnings)
Feb 13 (Reuters) - U.S. shale producer Pioneer Natural Resources Co reported adjusted profit of $1.18 per share in the fourth quarter, down from $1.22 in the same quarter of the prior year, the company said on Wednesday.
The Irving, Texas company collected revenue of $2.68 billion in the fourth quarter compared with $1.53 billion in the same period the prior year.
Pioneer produced 320,000 barrels of oil equivalent per day (boepd) in the fourth quarter, compared with 305,000 boepd in the same period the year before. Average prices fell to $38.16 per barrel of oil equivalent from $38.68 the year before.
The company forecasts first quarter production between 315,000 boepd and 331,500 boepd.
Its net income attributable to common stockholders was $324 million in the fourth quarter, compared with $665 million in the same period the year before.
Pioneer shares were down nearly 5 percent in after-hours trading at $139.15 per share on the decline. (Reporting by Collin Eaton Editing by Marguerita Choy)