U.S. President Donald Trump has no position on Boeing Co’s grounded 737 Max aircraft except that the plane’s flaws must be fixed if the company wants to win U.S. approval to fly it again, U.S. Treasury Secretary Steven Mnuchin said on Wednesday.
General Motors Co’s self-driving unit, Cruise, said on Wednesday it was delaying the commercial deployment of cars past 2019 as it requires more testing of the vehicles.
Nissan Motor Co Ltd warned on Wednesday that first-quarter profit tumbled around 90% percent, a day before it is expected to announce more than 10,000 job cuts as the crisis deepens at Japan’s second-largest automaker.
Anthem Inc shares fell as much as 4% on Wednesday after the U.S. health insurer missed Wall Street expectations for a key medical cost gauge as a result of higher costs of selling Medicaid health plans for low-income customers.
Caterpillar Inc’s on Wednesday reported lower quarterly earnings, hurt by cooling demand for construction machines in Asia-Pacific as well as weak sales at its energy and transportation division.
Dunkin’ Brands Group Inc said on Wednesday it would add vegan burger maker Beyond Meat Inc’s plant-based sausages to its breakfast menu at stores in Manhattan.
Boeing Co reported a nearly $3 billion second-quarter loss on Wednesday as the world’s largest planemaker struggles with the prolonged grounding of its best-selling 737 MAX jet, sending its shares lower in early trading.
Caterpillar Inc’s on Wednesday reported lower quarterly earnings, hurt by cooling demand for construction machines in Asia-Pacific as well as weak sales at its energy and transportation division.
United Parcel Service Inc , which is the world’s largest package delivery company, beat second-quarter profit estimates on Wednesday, driven by increased demand in domestic shipment from e-commerce companies.
Global shares held on to recent gains on Wednesday as the prospect of new China-U.S. trade talks drew a guarded welcome from investors, while dour data on euro zone economic activity hit the euro before a European Central Bank policy meeting.
U.S. exchange operator Nasdaq Inc beat analysts’ estimates for second-quarter profit on Wednesday, as a boost in its non-trading businesses, including information services, overshadowed a softer trading environment.
U.S. stock index futures dropped on Wednesday, pressured by a fall in big tech companies after the announcement of a broad antitrust investigation by the U.S. Justice Department into the sector.
AT&T Inc on Wednesday beat Wall Street estimates for net wireless subscribers who pay a monthly bill as it ground out some growth in a saturated market and continued to bundle media content from Time Warner into new wireless plans.
United Parcel Service Inc reported a 13.5% rise in profit on Wednesday, benefiting from investments in its delivery system.
GlaxoSmithKline Plc on Wednesday forecast a smaller-than estimated fall in full-year profit after the British drugmaker beat profit consensus for the second quarter due to demand for its fast-growing Shingles vaccine.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
