Kellogg profit gets boost from snacks, frozen foods
Kellogg Co’s quarterly revenue and profit beat Wall Street expectations on Tuesday, as demand for its Pringles and Cheez-It snacks, as well as frozen foods cushioned the impact of sluggish sales for its cereals in North America.
Tesla filing shows U.S. sales tumbled 39% in third quarter
Tesla Inc’s third-quarter revenue tumbled 39% in the United States, its first drop in more than two years, but sales in China and other regions surged, the electric car maker’s break down of sales by geography showed on Tuesday.
China woes persist as pressure point for U.S. corporate profits
The U.S.-China trade war persists as an impediment to the growth of U.S. companies, even as the two countries appear close to clinching a limited agreement.
GM expects to spend more on EVs than gas-powered cars in next five years: CEO
General Motors Co expects to spend more on developing and selling electric vehicles (EVs) than gasoline-powered cars over the next five years, Chief Executive Mary Barra said on Tuesday.
India’s IndiGo places historic order for 300 Airbus planes
Indian budget carrier IndiGo has placed an order for 300 Airbus A320neo-family jets worth at least $33 billion at recent catalog prices, handing the European planemaker what could be its biggest ever order from a single carrier.
Volkswagen brings electric cars to Rwanda for ride-hailing service
Volkswagen is importing a batch of electric powered Golf models into Rwanda for a local ride-hailing service, establishing a bridgehead in the country that it hopes to expand to other nations as it seeks to increase market share globally.
Boeing CEO tells U.S. lawmakers at hearing: ‘We’ve made mistakes’; faces tough questions
Boeing Co Chief Executive Dennis Muilenburg was pressed by U.S. lawmakers at a hearing on Tuesday over what the company knew about its MCAS stall-prevention system linked to two deadly crashes, and about delays in turning over internal 2016 messages t…
Factbox: When will the Boeing 737 MAX fly again?
Boeing Co’s best-selling jet, the 737 MAX, was grounded globally in March, days after the crash of an Ethiopian Airlines flight that followed a similar Lion Air disaster in Indonesia in on Oct. 29, 2018. A total of 346 people died in the two crashes.
Merck, Pfizer spur S&P 500 to record high; Alphabet weighs on Nasdaq
The S&P 500 hit a fresh record high on Tuesday, lifted by upbeat earnings from drugmakers Merck and Pfizer, while disappointing quarterly profit from Google-parent Alphabet kept the Nasdaq firmly in the negative territory.
Pfizer raises 2019 forecast as sales of cancer drug, heart medicine surge
Pfizer Inc reported a higher-than-expected third-quarter profit on Tuesday on increased sales of cancer drug Ibrance and a strong launch of new heart medicine Vyndaqel, prompting the largest U.S. drugmaker to lift its earnings forecast for the year.
