General Dynamics profit rises 7.3% on higher Gulfstream deliveries
Higher deliveries of Gulfstream jets boosted revenue at U.S. aerospace and defense company General Dynamics Corp , which reported a 7.3% rise in quarterly profit on Wednesday, but shares were flat in premarket trading after gaining 2.5% a day earlier.
Snap rises as Wall Street embraces profitability promise
Shares of Snap Inc reversed initial losses following Tuesday’s results, rising 4% in early trade as analysts focused on strong third-quarter numbers rather than a disappointing revenue outlook for the final three months of the year.
Boeing profit slumps 53% as MAX grounding takes heavy toll
Boeing Co cut production of its flagship Dreamliner and delayed the arrival of a successor to its 777 mini-jumbo on Wednesday, piling new pressures on a rejigged senior management team as the continued safety grounding of its 737 MAX sliced third quar…
Caterpillar cuts profit outlook as China sales slump
Industrial bellwether Caterpillar Inc fell short of Wall Street estimates for quarterly profit on Wednesday and cut its forecast for overall earnings in 2019, as it reported a 13% slide in Asia sales driven by weakening demand in China.
Health insurer Anthem raises 2019 profit forecast after beat
Health insurer Anthem Inc reported a better-than-expected quarterly profit and raised its full-year forecast on Wednesday, riding on higher sales of its government-backed health plans.
Futures drop as Caterpillar, Texas Instruments weigh
Wall Street was set to open lower on Wednesday after warnings from Caterpillar and Texas Instruments rekindled worries about a global economic slowdown due to U.S.-China trade tensions.
Boeing ousts airliner chief as 737 MAX crisis grows
Boeing Co on Tuesday ousted the top executive of its commercial airplanes division, Kevin McAllister, marking the first high-level departure since two fatal crashes of its 737 MAX jets.
Blackstone third-quarter earnings drop less than expected
Blackstone Group Inc , the world’s largest manager of alternative assets such as private equity and real estate, said on Wednesday its distributable earnings in the third quarter fell 8% year-on-year, but still beat analyst estimates.
Oil slips as U.S. stocks rise; prospect of OPEC action supports
Oil prices slipped toward $59 a barrel on Wednesday on data showing a bigger-than-expected rise in U.S. crude stocks, while the prospect of deeper output cuts by OPEC and its allies offered support.
SoftBank adds to financial burden with $10 billion WeWork deal
SoftBank Group Corp’s financial strains escalated on Wednesday as it agreed to spend more than $10 billion to take over office-space sharing startup WeWork, knocking the Japanese tech conglomerate’s already weakened shares.
