Lockheed forecasts 2019 profit below view, but sees higher cash flow
Lockheed Martin Corp, the Pentagon’s top weapons supplier, on Tuesday forecast 2019 profit below estimates and reported that quarterly margins slipped at the unit that makes the radar-evading F-35 fighter jet and C-130 transport plane.
Bankrupted by deadly wildfires, PG&E vows to keep the lights on
(This Jan 29 story has been corrected in paragraph 10 to remove reference to top creditors, which erroneously included banks that act as trustees on bond indentures with no direct credit exposure)
S&P 500 flat on mixed earnings, trade caution
The S&P 500 was little changed on Tuesday, as mixed earnings reports and concerns about the upcoming U.S.-China trade talks gave little impetus for markets to recover from a slide a day earlier.
U.S. judge rejects Yahoo data breach settlement
A U.S. judge rejected Yahoo’s proposed settlement with millions of people whose email addresses and other personal information were stolen in the largest data breach in history, faulting the Internet services provider for a lack of transparency.
VW’s Traton trucks pursues growth with China, U.S. alliances
Volkswagen’s trucks business Traton wants to use alliances with rivals in China, the United States and Japan to tap into global growth and achieve a return on sales of nine percent, Chief Executive Andreas Renschler said on Tuesday.
Sainsbury’s-Asda deal could live with upwards of 132 store disposals: UBS
The proposed merger of Sainsbury’s and rival supermarket operator Asda would be viable even if regulators forced the group to dispose of 132 stores or more, Sainsbury’s house broker UBS said on Tuesday.
Cryptocurrency thefts, scams hit $1.7 billion in 2018: report
Cryptocurrencies stolen from exchanges and scammed from investors surged more than 400 percent in 2018 to around $1.7 billion, according to a report from U.S.-based cyber security firm CipherTrace released on Tuesday.
Gold reaches seven-month high as dollar struggles
Gold climbed to a seven-month high on Tuesday and stocks were back on the up too, as investors dug in for three days of political and economic drama and a blizzard of big tech earnings, starting with Apple later.
Google, Facebook, Twitter must do more against fake news: EU
Google, Facebook, Twitter and Mozilla must do more to combat fake news as Europeans head towards an election or the companies will face the threat of regulatory action, the European Commission said on Tuesday.
U.S. auto sales seen down in January: J.D. Power, LMC
U.S. auto sales in January are expected to fall about 1 percent from the same month in 2018, partly due to uncertainty around government shutdown causing some customers to delay purchases, according to industry consultants J.D. Power and LMC Automotive…
