Business & Finance News
U.S. stock indexes opened higher on Tuesday after the S&P 500 suffered its worst day in nearly four months in the previous session on concerns that a coronavirus outbreak in China could hit global economic growth.
Lockheed Martin Corp forecast 2020 revenue above analysts’ estimates on Tuesday, as the Pentagon’s No.1 weapons supplier’s late 2019 results benefited from better jet and missile sales and heightened geopolitical tensions in the Middle East.
Xerox Holdings Corp on Tuesday posted a better-than-expected quarterly profit as it kept a tight lid on costs and said it plans to follow through with its $33 billion bid to buy rival HP Inc .
New orders for key U.S.-made capital goods dropped by the most in eight months in December and shipments were weak, suggesting business investment contracted further in the fourth quarter and was a drag on economic growth.
Prime Minister Boris Johnson on Tuesday granted China’s Huawei a limited role in Britain’s 5G mobile network, resisting U.S. pressure to exclude the company from next generation communications on fears China could use it to steal secrets.
The United States is disappointed by the United Kingdom’s decision to grant Chinese telecommunications firm Huawei a limited role in its 5G mobile network, a senior Trump administration official said on Tuesday.
U.S. industrial giant 3M Co forecast 2020 profit below expectations and narrowly missed quarterly revenue estimates on Tuesday, as it continues to face sluggish demand in China, sending its shares down 2.8% in early trading.
Ryanair has warned pilots of possible base closures and job cuts as the date for delivery of its first 10 of Boeing’s grounded 737 MAX aircraft slipped into the autumn. In a memo dated Jan. 27 seen by Reuters, the low-cost airline said Boeing would not deliver the first aircraft until September or October at the earliest, as Ryanair does not take deliveries during its peak summer months of June, July and August.
United Technologies Corp Chief Financial Officer Neil Mitchill said he expects 2020 operating profit at the U.S. aircraft parts maker’s Collins Aerospace unit, its biggest, to be hurt largely due to the grounding of Boeing Co’s 737 MAX aircraft.
U.S. stock indexes were on track to recover on Tuesday after the S&P 500 suffered its worst day in nearly four months in the previous session on fears that a coronavirus outbreak could hit global economic growth.
Harley-Davidson Inc on Tuesday reported a larger-than-expected decline in its motorcycles revenue hurt by a continuing slide in retail sales in the United States, sending its shares plunging in pre-market trade.
McDonald’s Corp will add chicken sandwiches to its breakfast menu at all of its U.S. restaurants, the world’s largest burger chain said on Tuesday, to fend off competition from Chick-Fil-A and Popeyes Louisiana Kitchen .
Pfizer Inc posted a quarterly profit on Tuesday that came in below Wall Street estimates, as sales of breast cancer drug Ibrance fell short of expectations.
Prime Minister Boris Johnson on Tuesday granted China’s Huawei a limited role in Britain’s future 5G mobile network, a choice that risks damaging relations with the United States which fears China could use the company to steal Western secrets.
U.S. industrial giant 3M Co forecast 2020 profit below expectations and narrowly missed quarterly revenue estimates on Tuesday, as it faces sluggish demand in Asia, its largest market outside the United States, sending its shares down 2.4%.
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