UTC expects no further cut in Boeing 737 MAX production in 2019
United Technologies expects Boeing to maintain production of its 737 MAX planes at the current rate for the rest of 2019, Chief Financial Officer Akhil Johri said on Tuesday, allaying fears of a complete halt in production.
Harley-Davidson beats forecasts as international sales rebound
Harley-Davidson Inc beat expectations for profit on Tuesday and stuck to its full-year shipment forecast, allaying fears of another major hit from European import tariffs and a further slump in sales in its main U.S. market.
Hasbro shares plunge as toymaker battles tariff costs
Hasbro Inc fell well below Wall Street estimates for quarterly profit on Tuesday, as the toy maker wrestled with higher shipping and warehousing costs due to U.S. tariffs on Chinese imports, sending its shares down about 18%.
Investor revolt torpedoes Swiss Sunrise’s $6.4 billion Liberty Global deal
Sunrise Communications Group bowed to investor pressure on Tuesday and scrapped its 6.3 billion Swiss franc ($6.39 billion) acquisition of Liberty Global’s Swiss cable business UPC.
Huawei to develop radars for self-driving cars, top executive says
Huawei Technologies Co Ltd will utilize its 5G technologies to develop radar for self-driving cars, its deputy chairman told a conference, as the Chinese manufacturer looks to play a bigger role in the auto industry.
UTC expects Boeing to maintain 737 MAX production rate in 2019
United Technologies expects its customer Boeing to keep producing 42 737 MAX planes per month in 2019, allaying fears of a manufacturing pause that could cost billions of dollars in losses for the planemaker and its suppliers, Chief Financial Officer…
Lockheed Martin profit up but forecasts lower cash flow in 2020; shares slip
Lockheed Martin Corp raised its estimate for 2019 earnings on Tuesday as quarterly profit climbed 9.2% amid improved sales of its F-35 fighter jets, but shares fell in premarket trading after it forecast lower cash flow next year.
UPS COO’s retirement overshadows e-commerce fueled profit rise
United Parcel Service Inc’s e-commerce fueled quarterly profit beat on Tuesday was overshadowed by news that Jim Barber, widely viewed as the world’s biggest parcel delivery firm’s next leader, would retire at year-end.
McDonald’s posts rare profit miss, shares down 4%
McDonald’s Corp reported a quarterly profit that missed Wall Street estimates for the first time in two years as it invested heavily in sprucing up U.S. outlets and speeding up delivery, sending its shares down 4%.
European stocks inch up on earnings, sterling hovers before Brexit votes
European shares eked out small gains on Tuesday as talk of progress in China-U.S. trade talks was offset by mixed corporate earnings, while sterling held below $1.30 ahead of another crucial Brexit vote.
