Lockheed Martin Corp, the Pentagon’s top weapons supplier, on Tuesday forecast 2019 profit below estimates and reported that quarterly margins slipped at the unit that makes the radar-evading F-35 fighter jet and C-130 transport plane.
U.S. Treasury Secretary Steve Mnuchin said on Tuesday he expected to see significant progress in trade talks with Chinese officials this week and that U.S. charges against telecommunications giant Huawei Technologies Co Ltd were a separate issue.
Pfizer Inc forecast 2019 profit and sales below Wall Street estimates on Tuesday as the company expects to take a blow from a stronger dollar and as well as the loss of patent on its blockbuster pain treatment Lyrica this year.
Verizon Communications Inc on Tuesday missed quarterly revenue estimates, but added almost twice as many new wireless subscribers as analysts expected.
U.S. Treasury Secretary Steve Mnuchin said on Tuesday he expected to see significant progress in trade talks with Chinese officials this week and that U.S. charges against telecommunications giant Huawei were a separate issue.
Harley-Davidson Inc reported a lower-than-expected quarterly profit on Tuesday amid a prolonged struggle to revive demand for its bikes in the United States where sales dived yet again, sending its shares down over 6 percent.
Pentagon’s No.1 weapons supplier Lockheed Martin Corp, reported a quarterly profit on Tuesday, compared with a year-ago loss, lifted by demand for its F-35 fighter jets.
Verizon Communications Inc beat Wall Street estimates for quarterly profit on Tuesday, as the largest U.S. mobile carrier added almost twice as many net new subscribers who pay a monthly bill as analysts had previously expected.
Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank agreed a merger on Tuesday to create the third-largest bank in the United Arab Emirates.
Xerox Corp beat fourth-quarter profit estimates on Tuesday as it reined in costs, but its revenue dropped more than expected as businesses continue to cut spending on printers and photocopiers.
Japan’s ANA Holdings Inc said it would order 38 planes worth $4.33 billion from Boeing Co and Airbus, and buy a stake in Philippines Airlines parent PAL Holdings Inc to support its Asia growth strategy.
The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, aimed at severely curbing the OPEC member’s crude exports to the United States and at pressuring socialist President Nicolas Maduro to step down.
Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank said on Tuesday the banks have agreed on a three-way merger, creating the third-largest bank in the United Arab Emirates.
Intel Corp will receive a grant of about $1 billion from the Israeli government for its latest investment plan to expand its chip manufacturing operations in the country, Israel’s finance minister said on Tuesday.
Gold climbed to a seven-month high on Tuesday as markets opted for caution before three major macro events and a blizzard of big tech company earnings in the coming days, starting with Apple later.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
