U.S. laments UK decision allowing Huawei a limited 5G role: aide
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.
3M forecasts 2020 profit below estimates on weak China demand
U.S. industrial giant 3M Co forecast 2020 profit below expectations after narrowly missing quarterly revenue estimates on Tuesday as weak demand from China dents overall growth.
Ryanair warns of job losses as 737 MAX delivery date slips
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 woul…
UTC says Collins 2020 profit to be hurt mainly due to MAX grounding
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.
Wall Street set to recover after turbulent Monday
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’s shares tumble on steeper fall in revenues
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 lower.
Lockheed Martin beats estimates, raises sales forecast on higher F-35 deliveries
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.
McDonald’s heats up breakfast war with new chicken sandwiches
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 profit misses as breast cancer drug sales fall short of estimates
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.
Reaction to UK allowing Huawei a role in 5G network
Britain will allow “high risk vendors” like Chinese telecoms giant Huawei a limited role in building its 5G networks, the government said on Tuesday.
