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Home2018

Year: 2018

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Business News

U.S. business spending on equipment slowing; goods trade deficit rises

October 25, 2018 admin Comments Off on U.S. business spending on equipment slowing; goods trade deficit rises

New orders for key U.S.-made capital goods fell for a second straight month in September and the goods trade deficit increased further amid rising imports, suggesting economic growth moderated in the third quarter.

…read more […]

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Business News

Tesla may not need to raise capital soon: analysts

October 25, 2018 admin Comments Off on Tesla may not need to raise capital soon: analysts

Tesla Inc’s blockbuster quarterly results and ability to generate free cash-flow wowed Wall Street on Thursday, with several analysts saying the electric carmaker may not need to raise capital soon to boost Model 3 production.

…read more […]

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Business News

Ford recalls nearly 1.5 million vehicles for engine stall issue

October 25, 2018 admin Comments Off on Ford recalls nearly 1.5 million vehicles for engine stall issue

Ford Motor Co said Thursday it will recall nearly 1.5 million cars in North America to address a faulty part that could lead to engine stalls.

…read more […]

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Business News

Factbox: European fighter jet competitions and recent contract wins

October 25, 2018 admin Comments Off on Factbox: European fighter jet competitions and recent contract wins

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 […]

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Business News

WPP shares plunge as ad group falls behind in post-Sorrell era

October 25, 2018 admin Comments Off on WPP shares plunge as ad group falls behind in post-Sorrell era

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 […]

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ConocoPhillips tops profit estimates, raises 2018 spending

October 25, 2018 admin Comments Off on ConocoPhillips tops profit estimates, raises 2018 spending

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 […]

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Business News

UBS targets American wealth for growth as investment bank shines

October 25, 2018 admin Comments Off on UBS targets American wealth for growth as investment bank shines

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 […]

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Business News

Belgium picks Lockheed’s F-35 over Eurofighter on price

October 25, 2018 admin Comments Off on Belgium picks Lockheed’s F-35 over Eurofighter on price

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 […]

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Business News

Exclusive: Continental AG sees third-quarter adjusted operating profit at around 770 million euros

October 25, 2018 admin Comments Off on Exclusive: Continental AG sees third-quarter adjusted operating profit at around 770 million euros

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 […]

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American Airlines profit halves on higher fuel costs

October 25, 2018 admin Comments Off on American Airlines profit halves on higher fuel costs

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 […]

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Raytheon beats profit estimates, raises full-year forecast

October 25, 2018 admin Comments Off on Raytheon beats profit estimates, raises full-year forecast

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 […]

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U.S. dairy farmers get little help from Canada trade deal

October 25, 2018 admin Comments Off on U.S. dairy farmers get little help from Canada trade deal

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 […]

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Business News

UBS signs U.S. deal with Broadridge for cost-sharing wealth technology

October 25, 2018 admin Comments Off on UBS signs U.S. deal with Broadridge for cost-sharing wealth technology

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 […]

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Business News

Twitter ad sales surge in third quarter, shares jump

October 25, 2018 admin Comments Off on Twitter ad sales surge in third quarter, shares jump

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.

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Chevron settles claims it violated Clean Air Act: U.S. Justice Department

October 25, 2018 admin Comments Off on Chevron settles claims it violated Clean Air Act: U.S. Justice Department

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 […]

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