Articles by admin

Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices.

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U.S. Vice President Mike Pence will visit southeast Michigan on Wednesday to make the case that the North American trade deal intended to replace NAFTA would boost the auto industry, the White House said on Tuesday.

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The U.S. National Highway Traffic Safety Administration said on Tuesday it is expanding a probe into potentially defective air bags to 12.3 million vehicles and upgrading it to an engineering analysis, a step required before it can seek to compel recalls.

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Harley-Davidson Inc stuck with a cautious outlook for 2019 on Tuesday that indicated its struggles with long-term competitive problems even as President Trump changed tune on the company, promising to stand up for it in global trade talks.

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Pensions & Investment Research Consultants (PIRC), which advises pension schemes and other investors, recommended on Tuesday that investors in Boeing oppose the re-election of Dennis A. Muilenburg as chairman and chief executive officer.

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United Technologies Corp posted a higher-than-expected quarterly profit and raised its full-year earnings forecast on Tuesday, boosted by robust demand for aircraft parts at one of the manufacturers better placed to ride out the fallout of the Boeing 737 MAX groundings.

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Strong demand for Coca-Cola Co’s low-calorie Coke Zero, new orange-vanilla cola and flavored waters pushed the beverage maker’s quarterly sales and profit well above Wall Street estimates, sending its shares up 2.2 percent on Tuesday.

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Oil prices hit their highest in about six months on Tuesday as sources said Gulf OPEC members were ready to raise output only if there was demand before offsetting any shortfall following a U.S. decision to end waivers for buyers of Iranian crude.

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Iran has said it would block the Strait of Hormuz if it was barred from using the strategic waterway through which about a fifth of oil that is consumed globally passes.

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European energy shares had their best day since January on the back of higher oil prices on Tuesday while Wall Street rose on upbeat results that eased fears of slowing profits.

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Alphabet Inc’s Waymo said on Tuesday it had chosen a factory in Detroit to mass produce self-driving cars, looking to the historical heart of the auto industry to build the vehicles of the future.

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Procter & Gamble Co reported a decline in its third-quarter operating margin on Tuesday and said a strong U.S. dollar hurt sales of its grooming products, sending shares of the maker of Tide and Gillette products down as much as 3.3% in morning trading.

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The United States called on Iran to keep the straits of Hormuz and Bab al-Mandab open, a State Department official said on Tuesday after the United States a day earlier demanded that Iran oil buyers halt their purchases by May 1.

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Walgreens Boots Alliance Inc said on Tuesday its drugstores will sell tobacco products to customers who are at least 21 years old under a new policy, effective September.

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Twitter Inc posted better-than-expected quarterly revenue and a surprise increase in monthly users on Tuesday, sending shares up 13 percent to a nine-month high as its campaign to clean up fake and abusive accounts continued to attract advertisers.

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