U.S. package delivery company FedEx Corp on Tuesday cut its 2019 forecast after Europe’s economy weakened and the U.S. trade skirmish exacerbated a slowdown in China, sending its shares tumbling as much as 6 percent in after-hours trade.
Bankrupt U.S. retailer Sears Holdings Corp will take a charge of about $443 million arising from store closures, a regulatory filing showed on Tuesday.
U.S. chipmaker Micron Technology Inc on Tuesday gave a quarterly sales and profit forecast well below Wall Street’s estimates, citing a market glut of memory chips as consumer and business demand for phones and computers is weakening.
U.S. package delivery company FedEx Corp on Tuesday cut its 2019 forecast after Europe’s economy weakened and trade skirmishes exacerbated a slowdown in China, sending its shares tumbling 6 percent in after-hours trade.
Lockheed Martin Corp has been awarded a $585 million U.S. defense contract for a Homeland Defense Radar in Hawaii, the Pentagon said on Tuesday.
U.S. chipmaker Micron Technology Inc on Tuesday missed Wall Street estimates for quarterly revenue, hurt by falling prices for its memory chips due to a supply glut just as both business and consumer demand has become wobbly.
A federal judge said on Tuesday that he was considering using a court-appointed monitor to make sure CVS Health Corp refrains from fully integrating with insurer Aetna while he examines the companies’ settlement with the government.
Search company Yelp and lobby group Consumer Watchdog lost their joint bid to intervene in Google’s challenge of a 2.4 billion euro ($2.7 billion) EU antitrust fine after a court said they had no direct interest in the case.
U.S. package delivery company FedEx Corp on Tuesday lowered its 2019 forecast, citing weakness in Europe and signs that global trade is faltering, sending its shares down 4.4 percent in after-hours trade.
The benchmark S&P 500 stock index ended little changed in a choppy trading session on Tuesday as the possibility of a partial U.S. government shutdown raised investor jitters ahead of a highly anticipated meeting of the Federal Reserve.
U.S. package delivery company FedEx Corp lowered its 2019 forecast, citing weakness in Europe, sending shares down 4.6 percent in after-market trading.
Global equity markets dipped on Tuesday as nervous investors awaited indications whether the Federal Reserve will be able to raise interest rates much further amid turbulent markets and a weakening outlook for the global economy.
Uber Technologies Inc received approval from Pennsylvania to resume self-driving car testing on public roads this week, state records show.
U.S. stocks gave up their gains on Tuesday as energy stocks were weighed by a steep drop in oil prices and as the possibility of a partial government shutdown loomed.
Global equity markets turned lower late on Tuesday as nervous investors awaited indications whether the U.S. Federal Reserve will be able to raise interest rates much further amid turbulent markets and a weakening outlook for the global economy.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
