Business & Finance News
Toymaker Hasbro Inc said on Tuesday it would raise product prices if the United States imposes additional tariffs on Chinese imports.
Harley-Davidson Inc on Tuesday trimmed the forecast for shipments of its motorcycles in 2019 after worldwide sales in the second quarter slumped, hurt by higher tariff costs as well as weak demand in the United States.
United Technologies Corp reported better-than-expected quarterly earnings and raised its full-year sales and profit forecasts on Tuesday, driven by an increase in demand for aircraft parts and spares.
Drugmaker Biogen Inc beat analysts’ estimates for quarterly profit and lifted its 2019 earnings forecast on Tuesday, driven by higher sales of its top-selling multiple sclerosis therapy Tecfidera.
Lockheed Martin Corp on Tuesday reported a better-than-expected quarterly profit and raised its 2019 profit forecast for the second time in three months, helped by increased demand for its stealth F-35 combat jets and missiles.
Lockheed Martin Corp reported a 22% rise in quarterly profit on Tuesday and raised its 2019 profit forecast for the second time this year, helped by increased demand for its F-35 combat jets.
Harley-Davidson Inc on Tuesday trimmed guidance for shipments of its motorcycles in 2019 after worldwide sales in the second quarter slumped, hurt by higher tariff costs as well as weak demand in the United States.
Chinese e-commerce giant Alibaba Group Holdings Ltd will now allow small businesses in the United States to sell on Alibaba.com, the company said on Tuesday, an effort to tap into the business-to-business e-commerce market and fend off fierce competition from rivals like Amazon.com Inc .
U.S. stock index futures inched higher on Tuesday lifted by a batch of largely upbeat earnings reports from companies including Coca-Cola and United Technologies, that soothed concerns over the pace of economic growth.
Coca-Cola Co on Tuesday beat analysts’ estimate for quarterly profit and raised its organic revenue forecast for the full year, driven by demand for zero sugar soda and innovations, such as the Coca-Cola Plus Coffee.
Huawei Technologies Co Ltd’s revenue grew roughly 30% in the first half after select teams secured critical supplies to keep production going despite U.S. technology export restrictions, Bloomberg reported on Tuesday, citing people familiar with the matter.
Oil slipped to around $63 a barrel on Tuesday as concerns faded for now that rising tensions in the Middle East would escalate and hit oil supplies, compounding the impact of a weaker demand outlook.
Harley-Davidson Inc reported a 19.3% fall in quarterly profits on Tuesday, hurt by higher-tariff costs as well as a continued slide in sales in the United States.
Toymaker Hasbro Inc reported a better-than-expected quarterly revenue on Tuesday, helped by higher demand for action toys following the blockbuster success of “Avengers: Endgame” and “Spider-Man: Far From Home”.
LG Display Co Ltd on Tuesday said it is looking to diversify its supplier base in case a diplomatic spat sees Japan extend export curbs on display-making materials bound for South Korea.
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