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Edited Transcript of GD earnings conference call or presentation 23-Oct-19 1:00pm GMT
Q3 2019 General Dynamics Corp Earnings Call …read more […]
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Business News
Daimler reports third-quarter operating profit rose 8%
Daimler on Thursday announced cost cuts as it reduced its revenue outlook for Mercedes-Benz trucks unit and reported a slight rise in third-quarter operating profit.
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UPDATE 1-Nokia cuts full-year profit outlook on tough competition
Finnish telecom network equipment maker Nokia on Thursday reported third-quarter profit in-line with expectations but lowered its full-year profit forecasts for 2019 and 2020, citing tough competition and additional investments. Nokia now sees 2019 underlying earnings per share (EPS) at 0.18 euros to 0.24 euros and 2020 EPS at 0.20 euros to 0.30 euros. Nokia reported a slip in underlying earnings to 0.05 euros per share during the July to September period, compared to 0.06 euros a year ago, but in line with 0.05 euros forecast in a Refinitiv poll. …read more […]
Business News
Hyundai third-quarter profit misses estimates, dogged by quality woes
Hyundai Motor’s quarterly net profit widely missed analyst estimates, after the South Korean automaker booked additional charges to address potential engine defects in the United States and its home market.
Business News
Challenged by electric cars, Brembo aims to put the brakes on noise
Brembo’s distinctive colored brakes stop many of the world’s fastest cars but when it comes to the electric vehicles of the future it faces a problem – traditional brakes are noisy.
Business News
Daimler third-quarter operating profit down 8% on weaker car and truck sales
Daimler on Thursday announced cost cuts as it reduced its revenue outlook for Mercedes-Benz trucks unit and reported an 8% drop in third-quarter operating profit.
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UPDATE 1-S.Korea's top convenience store chain drops flavoured liquid e-cigarettes
South Korea’s top convenience store chain GS25 has stopped selling flavoured liquid e-cigarettes, the parent company GS Retail said on Thursday. The sales suspension came a day after the country’s health minister warned the public to stop using liquid vaping products, citing a number of deaths attributed to e-cigarettes in the United States. GS25 halted sales of three flavoured vape products of U.S. e-cigarette maker Juul Labs, including “tropical” – the equivalent of mango flavour offered in the United States – and one product of a local tobacco company KT&G, the parent company said in a statement. …read more […]
Business News
Oil slips on profit-taking, weak demand outlook
Oil prices dipped on Thursday after sharp gains in the previous session following a surprise draw in U.S. crude inventories, with concerns over a weak demand outlook adding to downward pressure.
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U.S. SEC investigates Infosys on whistleblower complaints
Infosys Ltd said on Thursday that the U.S. Securities and Exchange Commission had launched an investigation into whistleblower claims that the Indian software services firm used ‘unethical practices’ to boost revenue and profit. The company said India’s market regulator, the Securities and Exchange Board of India (SEBI), had also requested additional information from the company concerning the complaints. …read more […]
Business News
Ghosn’s lawyers seek dismissal of charges, accuse prosecutors of misconduct
Carlos Ghosn’s lawyers have asked the Tokyo District Court to dismiss all charges against the former Nissan Motor Co Ltd chairman, saying prosecutors colluded with government officials and Nissan executives to oust him from his post.
Business News
Asian shares edge up as earnings, geopolitics sway sentiment
Asian shares pulled ahead on Thursday as corporate earnings and a ceasefire in northern Syria helped prop up sentiment, though the backdrop of trade and brexit uncertainties was enough to prevent a decisive shift towards riskier assets.
Business News
Ghosn’s lawyers accuse Japan officials, Nissan executives of collusion
Lawyers for former Nissan Motor Co chairman Carlos Ghosn submitted filings to the Tokyo District Court on Thursday seeking the dismissal of all charges against him and accusing Japanese officials and executives at the automaker of collusion.
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Memory Cycle Has Bottomed, Says CLSA’s Rana
Oct.23 — Sanjeev Rana, senior analyst at CLSA, discusses SK Hynix earnings and they mean for the chip sector. He speaks on “Bloomberg Daybreak: Asia.” …read more […]
Business News
Oil pares U.S. stock-draw gains on weak demand outlook
Oil prices dipped on Thursday on lingering concerns about a weak demand outlook, after surging more than 2% in the previous session on the back of a surprise draw in U.S. crude stocks.
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Gold steady as investors await Brexit clarity, Fed meeting
U.S. gold futures was flat at $1,494.60 per ounce. * EU member states on Wednesday delayed a decision on whether to grant Britain a three-month Brexit extension, while Prime Minister Boris Johnson said if the deadline is deferred to the end of January he would call an election by Christmas. * Asian shares pulled ahead on Thursday with corporate earnings buffeting trading as investors remained anxious about the business impact of the Sino-U.S. trade war while Brexit uncertainties kept overall sentiment in check. …read more […]