Lockheed Martin raises 2019 profit forecast, shares jump
Lockheed Martin Corp reported a better-than-expected 47 percent jump in quarterly profit on Tuesday and raised its annual profit forecast, helped by strong demand for its missiles and fighter jets, sending its shares up 6 percent.
Oil hits highest since November as U.S. to tighten Iran sanctions
Oil prices hit their highest since November on Tuesday after Washington announced all waivers on imports of sanctions-hit Iranian oil would end next week, pressuring importers to stop buying from Tehran and further tightening global supply.
Twitter posts revenue beat, surprise user growth
Twitter Inc on Tuesday posted better-than-expected quarterly revenue and a surprise rise in monthly active users, showing its efforts to delete spam accounts and better police posts were paying off by attracting more users and ad dollars.
Bumblebee movie boost transforms Hasbro first quarter
Toymaker Hasbro Inc reported a surprise quarterly profit on Tuesday as the box-office success of Transformers movie spin-off “BumbleBee” charged sales of the action toys, sending its shares up 16 percent.
Nissan says senior executive Schillaci to leave amid reshuffle
Japan’s Nissan Motor Co on Tuesday said the executive responsible for its Nissan, Datsun and Infiniti brands was leaving, as it announced a management reshuffle to strengthen governance following the ouster of former boss Carlos Ghosn.
United Technologies profit beats on Rockwell Collins boost
United Technologies Corp reported a higher-than-expected quarterly profit on Tuesday, boosted by robust demand for aircraft parts at one of the producers better placed to ride out the fallout of this year’s Boeing 737 MAX groundings.
Trump warms to Harley Davidson, says EU tariffs ‘unfair’
U.S. President Donald Trump on Tuesday appeared to reverse course on Harley Davidson Inc, saying European tariffs facing the motorcycle manufacturer were “unfair” and vowing to reciprocate, after urging a boycott of the company last year amid a steel s…
Verizon raises full-year profit forecast
Verizon Communications Inc on Tuesday raised its 2019 profit forecast and beat Wall Street estimates for quarterly earnings, as the largest U.S. wireless carrier prepares for a wider 5G services rollout in the United States.
German prosecutors probe bonus payments to suspended VW manager
German prosecutors are investigating a possible breach of fiduciary duty by Volkswagen over bonus payments made to an executive who was suspended over the carmaker’s emissions cheating scandal.
Stock futures point to flat Wall Street open as earnings roll in
U.S. stock index futures pointed to a subdued opening on Wall Street on Tuesday, as investors parsed through a fresh batch of reports from Coca-Cola, Twitter and a handful of industrial companies.
