Harley expects 2019 shipments to slump, shares sink; will boost Thai investment
Harley-Davidson Inc reported worse-than-expected quarterly profit on Tuesday and forecast a slump in global shipments of its motorcycles in 2019, sending shares sinking more than 7 percent in afternoon trading.
Fiat Chrysler receives U.S. approval to sell new Ram pickup
Fiat Chrysler Automobiles NV said on Tuesday it has received approval from U.S. regulators to sell its new 2019 Ram 3500 pickup truck after the Italian automaker had raised concerns a prolonged government shutdown could delay the new heavy duty vehicle…
U.S. State Department approves possible $2.1 billion sale of Aegis system to Japan
The U.S. State Department has approved a possible sale to Japan of two Lockheed Martin-made AEGIS Weapon Systems and related missile defense equipment for an estimated cost of up to $2.15 billion, the Pentagon said on Tuesday.
Huawei executive Meng arrives for hearing at Canadian court
Chinese telecommunications giant Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou arrived on Tuesday for a hearing before a Canadian court in a case that has strained Beijing’s ties with Canada and the United States.
Tech keeps Nasdaq, S&P under pressure; industrials lift Dow
The S&P 500 and the Nasdaq came under pressure from weakness in technology stocks ahead of Apple’s results on Tuesday, while a rebound in industrial stocks lifted the Dow.
PG&E files for bankruptcy as California wildfire liabilities loom
PG&E Corp, owner of the largest U.S. power utility, filed for bankruptcy protection on Tuesday in anticipation of liabilities in excess of $30 billion from the deadliest wildfires in California’s history.
Huawei’s CFO Meng requests change in sureties for bail conditions
Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou’s lawyer told a Canadian court on Tuesday that her client has applied for an alteration in the sureties for her bail conditions.
Factbox: U.S. energy companies respond to sanctions on Venezuela’s oil firm
U.S. oil refiners said they would comply with the Trump administration’s new sanctions announced on Monday on dealings with Venezuelan state-run oil company Petroleos de Venezuela (PDVSA) and take steps to lessen any impacts on consumers.
U.S. senator asks J&J for documents on talc, baby powder safety
U.S. Democratic Senator Patty Murray sent a letter to Johnson & Johnson on Tuesday seeking information related to allegations in a Reuters Special Report that the healthcare company knew about the presence of asbestos in its talc-based baby powder.
Pfizer quarterly profit in line, touts pipeline of future products
Pfizer Inc on Tuesday reported fourth-quarter profit and sales that edged past Wall Street estimates, helped by higher sales of breast cancer medicine Ibrance and pain drug Lyrica.
