Xerox Holdings Corp on Tuesday posted a better-than-expected quarterly profit as it kept a tight lid on costs and said it plans to follow through with its $33 billion bid to buy rival HP Inc .
IESE Business School Associate Professor of Strategic Management Mike Rosenberg joins Yahoo Finance’s Alexis Christoforous and Brian Sozzi to discuss the spread of the Coronavirus and its effects on big business operating in the country on The First Trade. …read more […]
Earlier this month, McDonald’s expanded its Beyond Meat vegan burger trials in Canada, catering to the growing demand for plant-based proteins in fast-food restaurants. Many experts said a nationwide rollout of chicken sandwiches and not plant-based options would put McDonald’s ahead in the fast-food battle. “We’re giving our customers more of what they crave: mouthwatering chicken and breakfast options,” the company’s vice president of menu innovation, Linda VanGosen, said in a statement. …read more […]
New orders for key U.S.-made capital goods dropped by the most in eight months in December and shipments were weak, suggesting business investment contracted further in the fourth quarter and was a drag on economic growth.
(Bloomberg) — When Tesla Inc. reports earnings Wednesday, Elon Musk will be trying for a repeat performance.The electric-car maker’s shares have been on an unprecedented ascent since the chief executive officer crammed his last release with positive updates. Tesla didn’t just blow earnings estimates out of the water, returning to profitability faster than Wall Street was expecting. Musk also reported being ahead of schedule opening a China plant and bringing out the Model Y crossover, kicking off a rally that’s been buoyed since then by record deliveries.Tesla will have to clear a higher bar this time. Analysts are expecting an …read more […]
(Bloomberg) — Harley-Davidson Inc. capped its fifth straight year of lower U.S. sales with quarterly profit and revenue that missed estimates, sending shares plunging as much as 8.7% in premarket trading.Adjusted earnings rose to 20 cents a share in the quarter, the Milwaukee-based manufacturer said in a statement Tuesday, missing analysts’ average estimate for 25 cents. Motorcycle revenue and shipments fell more than expected, dragging Harley’s stock to the lowest levels since September in early Tuesday trading.Harley’s Chief Executive Officer Matt Levatich is trying to attract new and younger riders to stanch the bleeding in the U.S., its biggest source …read more […]
Prime Minister Boris Johnson on Tuesday granted China’s Huawei a limited role in Britain’s 5G mobile network, resisting U.S. pressure to exclude the company from next generation communications on fears China could use it to steal secrets.
The United States is disappointed by the United Kingdom’s decision to grant Chinese telecommunications firm Huawei a limited role in its 5G mobile network, a senior Trump administration official said on Tuesday.
U.S. industrial giant 3M Co forecast 2020 profit below expectations and narrowly missed quarterly revenue estimates on Tuesday, as it continues to face sluggish demand in China, sending its shares down 2.8% in early trading.
Ryanair has warned pilots of possible base closures and job cuts as the date for delivery of its first 10 of Boeing’s grounded 737 MAX aircraft slipped into the autumn. In a memo dated Jan. 27 seen by Reuters, the low-cost airline said Boeing would not deliver the first aircraft until September or October at the earliest, as Ryanair does not take deliveries during its peak summer months of June, July and August.
United Technologies Corp Chief Financial Officer Neil Mitchill said he expects 2020 operating profit at the U.S. aircraft parts maker’s Collins Aerospace unit, its biggest, to be hurt largely due to the grounding of Boeing Co’s 737 MAX aircraft.
United Technologies Corp Chief Financial Officer Neil Mitchill said he expects 2020 operating profit at the U.S. aircraft parts maker’s Collins Aerospace unit, its biggest, to be hurt largely due to the grounding of Boeing Co’s 737 MAX aircraft. About $225 million of the impact to its full-year operating profit is due to a divestiture and lower sales related to a surveillance technology that facilitates tracking of aircraft position during flight, Mitchill told Reuters. “Rest relates to the 737 MAX,” Mitchill said, as UTC temporarily halted production of the aircraft parts earlier this month. …read more […]
U.S. stock indexes were on track to recover on Tuesday after the S&P 500 suffered its worst day in nearly four months in the previous session on fears that a coronavirus outbreak could hit global economic growth.
Harley-Davidson Inc on Tuesday reported a larger-than-expected decline in its motorcycles revenue hurt by a continuing slide in retail sales in the United States, sending its shares plunging in pre-market trade. The company said revenues at its motorcycles, parts & accessories and general merchandise segment fell an annual 8.5% to $874.1 million in the fourth quarter to end-December from $955.6 million a year ago. Harley’s shares were last trading down 7.2% at $32.34 in pre-market trade. …read more […]
Shares of Lockheed rose 2.5% in premarket trading, after the company said it delivered 134 F-35 fighter jets to the United States and its allies in 2019, a 47% increase from a year earlier. Defense contractors General Dynamics, Lockheed and Northrop Grumman Corp are expected to outperform this year, in line with the sector’s general pattern during presidential election years. U.S.-Iran tensions over the past few months have also helped build momentum for defense purchases, benefiting Lockheed and other weapons makers, analysts have said. …read more […]
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