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UPDATE 2-Raytheon profit beats estimates, raises 2019 forecast on higher weapons demand

U.S. weapons maker Raytheon Company reported better-than-expected third-quarter profit on Thursday and raised its full-year earnings and sales outlook, helped by higher demand for space programs, weapons and missile warning systems. Shares of the maker of the Patriot missile-defense system were up 1.8% in premarket trading. Massachusetts-based Raytheon and other U.S. weapons makers are expected to benefit from the $733-billion defense bill for fiscal 2020, which is about 2% higher than the bill for 2019. …read more […]

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Business News

White House aide: Phase one U.S.-China trade deal targets intellectual property

An initial pact on U.S-China trade will include much of a scrapped May deal’s agreement regarding intellectual property and will target enforcement mechanisms, White House trade adviser Peter Navarro said on Thursday, adding that he hopes the Chinese negotiate in “good faith.”

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Canopy Is Flourishing in U.K. and Luxembourg

Canopy Growth (TSX: WEED) (NYSE: CGC) has issued updates on important developments in the United Kingdom and Luxembourg. The company’s pharmaceutical business Spectrum Therapeutics is engaged in expanding its pan-European cannabis production and distribution network in the UK and Luxembourg to serve the needs of physicians and their patients. Canopy aims to transform healthcare in […]The post Canopy Is Flourishing in U.K. and Luxembourg appeared first on Market Exclusive. …read more […]

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Southwest profit jumps 7.2% as unit revenues rise

The budget-friendly U.S. airline, which only flies 737 planes and has the world’s largest MAX fleet, said it took a $210 million hit to operating income in the quarter from the ongoing grounding. Southwest said last week it was postponing the return of the 737 MAX jets to its flight schedule until Feb. 8. …read more […]