Month: October 2018

Following is a list of European fighter jet competitions and which companies are bidding for the work or have won contracts in recent weeks:

…read more […]

WPP lost a fifth of its market value on Thursday after problems at its New York and London creative agencies forced it to cut sales and profit forecasts, showing the scale of the task facing its new boss after the acrimonious exit of founder Martin Sorrell.

…read more […]

ConocoPhillips quarterly profit topped analysts’ estimates on Thursday, as the world’s largest independent oil and gas producer turned more cost efficient by deploying better technology and selling some assets besides benefiting from higher oil prices.

…read more […]

UBS said it is targeting ultra-rich Americans for growth, as it reported a strong investment banking performance which offset sluggishness in its wealth management business.

…read more […]

Belgium said on Thursday it had chosen Lockheed Martin’s F-35 stealth jets over the Eurofighter Typhoon to replace its aging F-16s, in a widely-anticipated decision, saying the pick came down to price.

…read more […]

Continental AG expects to report a decline in third-quarter adjusted operating profit to around 770 million euros ($878 million) from 1.09 billion euros, according to the auto supplier’s finance chief Wolfgang Schaefer.

…read more […]

American Airlines quarterly profit nearly halved on Thursday, hurt by higher fuel costs and the impact of Hurricane Florence that forced it to cancel about 2,100 flights in September.

…read more […]

Defense contractor Raytheon Co beat analysts’ estimates for third-quarter profit on Thursday and raised its full-year forecast, helped by sales of missiles and cybersecurity services.

…read more […]

Minnesota farmer Paul Fritsche can no longer afford health insurance as he struggles to sustain a dairy farm that has been in his family for nearly a century.

…read more […]

UBS Group AG’s Wealth Management Americas unit said on Thursday it will roll out a new software platform to its U.S.-based financial advisers and staff that will allow the Swiss bank to split some tech costs with other firms.

…read more […]

Twitter Inc posted revenue and profit ahead of Wall Street estimates on Thursday, as higher advertising sales offset a drop in monthly users to push the company’s shares up nearly 12 percent before the opening bell.

…read more […]

Chevron Corp will spend about $163 million to settle claims by the U.S. government and the state of Mississippi that it violated provisions of the Clean Air Act when its refineries accidentally released hazardous chemicals, the U.S. Justice Department said on Wednesday.

…read more […]

Private equity firm KKR & Co LP reported its second-highest distributable earnings in its history on Thursday, as its third-quarter earnings were buoyed by the sale of the divestment of its stake in payments processor First Data Corp and the sale of Finish healthcare company Mehilainen.

…read more […]

Tomahawk missile maker Raytheon Co beat analysts’ estimates for third-quarter profit on Thursday, driven by higher sales at two of its biggest businesses and lower taxes, helping the company raise its 2018 profit and sales forecasts.

…read more […]

Hyundai Motor Co’s third-quarter net profit plunged by a shocking two-thirds, hit by a $440 million one-off charge related to U.S. recalls and sending its shares tumbling to near nine-year-lows on Thursday.

…read more […]