Southwest ekes out profit as bookings offset MAX groundings; Newark operations ceased
Southwest Airlines Co eked out a small profit in the second quarter on Thursday as strong bookings offset the financial blow of the grounding of Boeing 737 MAX jets, which forced the carrier to cease operations at Newark Liberty International airport….
Nissan to cut 12,500 jobs as crisis deepens after profit wipe out
Nissan Motor Co unveiled its biggest restructuring plan in a decade, axing nearly a tenth of its workforce and flagging possible plant closures to rein in costs that ballooned when Carlos Ghosn was CEO.
Futures muted after mixed bag of earnings
U.S. stock index futures struggled for direction on Thursday as a clutch of earnings reports again pointed to a slowing global economy, while holding up in the face of already reduced expectations.
Comcast second-quarter profit beats Wall Street, misses on revenue
Comcast Corp reported second-quarter profit on Thursday that beat Wall Street estimates as it added more high-speed internet customers, but it lost more video and phone customers than expected.
Raytheon profit beats, raises full-year outlook
U.S. weapons maker Raytheon Co on Thursday reported a better-than-expected second-quarter profit and raised its full-year profit and sales outlook, helped by higher sales of missiles and guns for naval ships, sending its stock up 3% premarket.
Oil rises on U.S. inventory decline but slowing economy caps gains
Oil prices rose 1% on Thursday amid Middle East tensions and a big fall in U.S. crude stocks, but gains were capped as weak manufacturing data in Western nations indicated slowing economic growth that could reduce fuel demand.
Dow cuts 2019 spending forecast due to trade friction, posts profit beat
U.S. chemical company Dow Inc posted a better-than-expected quarterly profit on Thursday, and cut its spending for the year by 25% against the backdrop of prolonged trade tensions.
Dow profit falls 39% on lower prices, volumes
U.S. chemical company Dow Inc on Thursday posted a 39% fall in adjusted quarterly profit, driven by price declines for some of its products and lower volumes.
Total plans $5 billion in asset sales as second-quarter profit falls
French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as it seeks to focus on low breakeven projects that can weather weak oil prices, it said on Thursday.
Oil rises on U.S. stock decline, but manufacturing slowdown caps gains
Oil prices rose on Thursday amid Middle East tensions and a big fall in U.S. crude stocks, but gains were capped as weak Western manufacturing data indicated slowing economic growth and in turn the potential for reduced fuel demand.
