Business & Finance News
Boeing Co is making progress toward getting its 737 MAX aircraft in the air again but the Federal Aviation Administration (FAA) will need at least several more weeks for review, FAA Administrator Steve Dickson said on Tuesday.
Wall Street opened higher on Tuesday after a batch of upbeat earnings reports eased concerns over domestic growth and the fallout from the U.S.-China trade war, while a surge in Biogen boosted the healthcare sector.
United Technologies expects Boeing to maintain production of its 737 MAX planes at the current rate for the rest of 2019, Chief Financial Officer Akhil Johri said on Tuesday, allaying fears of a complete halt in production.
Harley-Davidson Inc beat expectations for profit on Tuesday and stuck to its full-year shipment forecast, allaying fears of another major hit from European import tariffs and a further slump in sales in its main U.S. market.
WeWork’s board has accepted a takeover plan proposed by Softbank Group, handing control of the office-sharing startup to the Japanese firm, according to a source directly familiar with the matter.
The S&P 500 and Nasdaq were set to open higher on Tuesday after a batch of upbeat earnings reports eased concerns over domestic growth and the fallout from the U.S.-China trade war, but weak results from McDonald’s looked set to weigh on the Dow index.
Huawei Technologies Co Ltd will utilize its 5G technologies to develop radar for self-driving cars, its deputy chairman told a conference, as the Chinese manufacturer looks to play a bigger role in the auto industry.
United Technologies expects its customer Boeing to keep producing 42 737 MAX planes per month in 2019, allaying fears of a manufacturing pause that could cost billions of dollars in losses for the planemaker and its suppliers, Chief Financial Officer Akhil Johri told Reuters on Tuesday.
Lockheed Martin Corp raised its estimate for 2019 earnings on Tuesday as quarterly profit climbed 9.2% amid improved sales of its F-35 fighter jets, but shares fell in premarket trading after it forecast lower cash flow next year.
United Parcel Service Inc’s e-commerce fueled quarterly profit beat on Tuesday was overshadowed by news that Jim Barber, widely viewed as the world’s biggest parcel delivery firm’s next leader, would retire at year-end.
European shares eked out small gains on Tuesday as talk of progress in China-U.S. trade talks was offset by mixed corporate earnings, while sterling held below $1.30 ahead of another crucial Brexit vote.
Hasbro Inc fell short of Wall Street estimates for quarterly profit on Tuesday, as the threat of tariffs on toys imported from China ramped up shipping and warehousing costs, sending its shares down 7%.
U.S. stock index futures rose on Tuesday, after another batch of strong corporate earnings eased concerns over domestic growth and the fallout from the prolonged U.S.-China trade war.
At the world’s biggest industry show in Las Vegas luxury jets are luring buyers with their sleek silhouettes, plush cabins – and increasingly, their use of alternative fuels.
Harley-Davidson Inc reported better-than-expected quarterly profits on Tuesday and stuck to its full-year shipment forecast, allaying fears of another hit from European import tariffs and a further slump in sales in its main U.S. market.
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