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.
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. About $225 million of the impact to its full-year operating profit is due to a divestiture and lower sales related to a surveillance technology that facilitates tracking of aircraft position during flight, Mitchill told Reuters. “Rest relates to the 737 MAX,” Mitchill said, as UTC temporarily halted production of the aircraft parts earlier this month. …read more […]
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. The company said revenues at its motorcycles, parts & accessories and general merchandise segment fell an annual 8.5% to $874.1 million in the fourth quarter to end-December from $955.6 million a year ago. Harley’s shares were last trading down 7.2% at $32.34 in pre-market trade. …read more […]
Shares of Lockheed rose 2.5% in premarket trading, after the company said it delivered 134 F-35 fighter jets to the United States and its allies in 2019, a 47% increase from a year earlier. Defense contractors General Dynamics, Lockheed and Northrop Grumman Corp are expected to outperform this year, in line with the sector’s general pattern during presidential election years. U.S.-Iran tensions over the past few months have also helped build momentum for defense purchases, benefiting Lockheed and other weapons makers, analysts have said. …read more […]
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.
Headlines moving the stock market in real time. …read more […]
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%.
As coronavirus spreads to top 2,900 global cases, Dr. Oz is raising concerns that a prolonged incubation period could hinder quarantine efforts. …read more […]
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