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Home2019

Year: 2019

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Business News

Airbus sells longer-range A321s, sees quick end to Boeing crisis

April 18, 2019 admin Comments Off on Airbus sells longer-range A321s, sees quick end to Boeing crisis

The new sales chief at Europe’s Airbus hinted at orders for an unannounced new version of its A321 jet, while softening market rhetoric and predicting rival Boeing will emerge quickly from a crisis over the grounded 737 MAX.

…read more […]

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Business News

Union Pacific quarterly profit beats estimates on price hikes

April 18, 2019 admin Comments Off on Union Pacific quarterly profit beats estimates on price hikes

Union Pacific Corp on Thursday reported a better-than-expected quarterly profit, as the U.S. railroad raised prices, helping offset the impact of severe winter weather and record flooding that damaged rails in the Midwest.

…read more […]

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Business News

Schlumberger posts profit drop, sees international spending rising

April 18, 2019 admin Comments Off on Schlumberger posts profit drop, sees international spending rising

Top oilfield services provider Schlumberger NV on Thursday forecast a gradual rise in international spending this year, after posting a 20 percent drop in quarterly profit due to weak North America demand.

…read more […]

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Abraaj founder’s extradition case adjourned, another former executive arrested: court official

April 18, 2019 admin Comments Off on Abraaj founder’s extradition case adjourned, another former executive arrested: court official

A case in a London court to extradite Arif Naqvi, the founder of collapsed private equity firm Abraaj, to the United States on fraud charges, was adjourned until April 26, a court official said on Thursday.

…read more […]

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Business News

AmEx posts lower-than-expected first-quarter revenue

April 18, 2019 admin Comments Off on AmEx posts lower-than-expected first-quarter revenue

Credit card issuer American Express Co’s quarterly revenue missed analysts’ estimates on Thursday, due to muted growth in its global merchant and network services unit.

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Union Pacific profit rises 6.2 percent

April 18, 2019 admin Comments Off on Union Pacific profit rises 6.2 percent

Union Pacific Corp on Thursday reported a 6.2 percent rise in quarterly profit, as the U.S. railroad raised prices, helping offset the impact of severe winter weather and record flooding that damaged rails in the Midwest.

…read more […]

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Poor PMIs wipe week’s gains off global shares

April 18, 2019 admin Comments Off on Poor PMIs wipe week’s gains off global shares

Global shares erased this week’s gains on Thursday after weak manufacturing surveys from Asia and Europe stoked fears of a widespread slowdown in growth, adding to profit-taking ahead of the long Easter weekend.

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Business News

New Apple lab uses robots to rip apart devices for recycling materials

April 18, 2019 admin Comments Off on New Apple lab uses robots to rip apart devices for recycling materials

Apple Inc is notorious for keeping what happens in its laboratories a closely guarded secret. But the iPhone maker plans to share openly everything that happens in its newest lab in Austin, Texas.

…read more […]

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Business News

American Express first-quarter profit falls 5 percent

April 18, 2019 admin Comments Off on American Express first-quarter profit falls 5 percent

Credit card issuer American Express Co said on Thursday its quarterly profit fell 5 percent, as it spent more on its rewards program.

…read more […]

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Stock futures subdued after weak manufacturing data from Europe

April 18, 2019 admin Comments Off on Stock futures subdued after weak manufacturing data from Europe

U.S. stock index futures were muted on Thursday, as weak manufacturing data out of Europe underscored concerns of a global slowdown, while investors stayed on the sidelines ahead of the release of a long-awaited Mueller report.

…read more […]

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Business News

Oil prices rise on lower U.S. stocks, OPEC+ supply cuts

April 18, 2019 admin Comments Off on Oil prices rise on lower U.S. stocks, OPEC+ supply cuts

Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran.

…read more […]

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Schlumberger profit falls 19.8 percent on weak North America activity

April 18, 2019 admin Comments Off on Schlumberger profit falls 19.8 percent on weak North America activity

Top oilfield services provider Schlumberger NV reported a 19.8 percent fall in quarterly profit on Thursday, hit by weak demand for its equipment and services from U.S. oil producers under pressure to rein in spending.

…read more […]

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Business News

Blackstone to switch from a partnership to a corporation

April 18, 2019 admin Comments Off on Blackstone to switch from a partnership to a corporation

Blackstone Group LP, the world’s largest manager of alternative assets such as private equity and real estate, said on Thursday it would convert from a partnership to a corporation, in a bid to get more investors into its stock.

…read more […]

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Business News

Google lets Android users choose browsers to ease EU antitrust concerns

April 18, 2019 admin Comments Off on Google lets Android users choose browsers to ease EU antitrust concerns

Users of Android devices will be able to choose their browsers and search engines from five options starting on Thursday, a senior Google executive said, in a move aimed at addressing EU antitrust concerns and staving off fresh sanctions.

…read more […]

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Honeywell beats profit estimates, raises full-year forecast

April 18, 2019 admin Comments Off on Honeywell beats profit estimates, raises full-year forecast

Honeywell International Inc on Thursday reported a better-than-expected quarterly profit and raised its full-year financial forecast as a boom in air travel drove demand for its aircraft parts used in the commercial airline industry.

…read more […]

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