Pentagon announces F-35 jet prices for next three years
The Pentagon on Tuesday announced pricing details for its agreement with Lockheed Martin Co that lowers by 12.7% the cost of the F-35 jets it plans to purchase through 2022, which may encourage other nations to buy warplanes.
Merck to ramp up Gardasil vaccine production, flags ‘tempered’ sales growth in 2020
Merck & Co Inc said on Tuesday it intends to ramp up production of its top-selling vaccine Gardasil in 2023 and warned of a slowdown in revenue growth next year as demand for the therapy outpaces supply.
GM cuts 2019 outlook as U.S. strike weighs on profits
General Motors Co on Tuesday slashed its earnings forecast for 2019, saying that a 40-day U.S. labor strike by the United Auto Workers union that brought virtually all of its North American operations to a standstill would cost it around $3 billion in …
Wall Street set for subdued open on mixed earnings reports
Wall Street was set to open lower on Tuesday as investors assessed a mixed batch of earnings reports, including from Google parent Alphabet and big drugmakers Merck and Pfizer.
Saudi Aramco aims to begin planned IPO on November 3: sources
Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.
Pfizer raises 2019 forecast on surging cancer drug sales
Pfizer Inc posted third-quarter profit well above analysts’ estimates on higher sales of cancer drug Ibrance and arthritis medicine Xeljanz, encouraging the largest U.S. drugmaker to lift its earnings forecast for the year.
After Boeing crashes, jet design rules to get tougher for all
Planemakers worldwide face tougher scrutiny and changes in the way aircraft are certified in the aftermath of two fatal crashes of Boeing 737 MAX jets, leading regulators have told Reuters.
Strong consumer spending drives Mastercard profit beat
Mastercard Inc on Tuesday beat Wall Street estimates for quarterly profit as customers shrugged off fears of an economic slowdown and spent more with their credit and debit cards, boosting fees for the world’s second-largest payment processor.
Kellogg profit beats on higher demand for snacks, frozen foods
Kellogg Co reported quarterly sales and profit above market expectations on Tuesday, benefiting from higher demand for its Pringles and Cheez-It snacks, as well as frozen foods.
Aramco signs slew of deals at Future Investment Initiative conference
Saudi Aramco has signed several deals at the Future Investment Initiative conference in Riyadh, Saudi Arabian General Investment Authority (SAGIA) said in a statement on Tuesday.
