U.S. stocks edged higher on Thursday as a handful of positive earnings reports helped investors look past the Federal Reserve’s policy decision that dented hopes of interest rate cuts.
Caterpillar Inc will issue a record dividend for the second quarter, up 20 percent from its previous payout, and plans to further increase returns to shareholders over the next four years, the company said on Thursday ahead of its investor day presentation.
Canada’s Bombardier Inc on Thursday shied away from pledges to meet 2020 financial objectives, and shares of the train and plane manufacturer sank as much as 10 percent in morning trading, as company cited headwinds in its rail division and announced new restructuring efforts.
Foxconn chairman Terry Gou met at the White House with President Donald Trump to discuss the status of the company’s planned investment in Wisconsin, the company said Thursday.
Volkswagen said it has set aside 5.5 billion euros ($6.16 billion) in contingent liabilities to cover possible risks arising from a diesel cheating scandal, chief financial officer Frank Witter said on Thursday.
Kellogg Co said on Thursday it will replace its chief financial officer, and the cereal, breakfast foods and snacks maker reported a 36.5 percent decline in first-quarter earnings, citing a strong U.S. dollar and higher costs.
UBS Group shareholders refused on Thursday to endorse the performance of the Swiss bank’s leadership last year in a rare rebuke sparked by a French conviction for helping wealthy clients evade taxes.
Goldman Sachs Group Inc said on Thursday that shareholders voted to elect all of the company’s directors and that more than 90 percent of votes favored its executive pay packages.
U.S. stocks were set for a flat to slightly higher open on Thursday, as investors assessed the latest batch of earnings, while the Federal Reserve dented hopes of interest rate cut.
Caterpillar Inc will issue a record dividend for the second quarter, up 20 percent from its previous payout, and plans to further increase returns to shareholders over the next four years, the company said on Thursday ahead of its investor day.
Canada’s Bombardier Inc said on Thursday it would unite its corporate and regional jet-making units into a single aviation division, as it continues focusing on its strongest businesses while shedding aerostructure facilities in Belfast and Morocco.
Canada’s Bombardier Inc shocked workers in Northern Ireland on Thursday by announcing it would sell its Belfast operation, the largest high-tech manufacturer in the British region, which employs 3,600 people.
Europe’s share markets struggled on Thursday and the dollar and bond yields trimmed overnight gains made after the U.S. Federal Reserve dampened bets that it might be readying its first interest rate cut in years.
Sales of higher-margin sports utility vehicles and cost cuts helped Volkswagen shrug off a 1 billion euro legal charge to meet first-quarter operating profit forecasts on Thursday, sending its shares 4.5 percent higher.
Kellogg Co said on Thursday that Chief Financial Officer Fareed Khan was stepping down and would be replaced by Amit Banati, who heads the Froot Loops maker’s Asia Pacific, Africa and Middle East business.
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