Mnuchin says Huawei case ‘separate’ from U.S.-China trade talks
U.S. Treasury Secretary Steve Mnuchin said on Tuesday he expected to see significant progress in trade talks with Chinese officials this week and that U.S. charges against telecommunications giant Huawei Technologies Co Ltd were a separate issue.
Lockheed Martin forecasts 2019 profit below estimates, shares off
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.
Verizon sees no increase in 2019 profit, misses fourth quarter revenue estimate
Verizon Communications Inc on Tuesday said it does not expect profit growth in 2019 due to a higher tax rate and interest expense, and missed Wall Street estimates for fourth quarter revenue.
Harley’s shares tumble on disappointing earnings
Harley-Davidson Inc reported a lower-than-expected quarterly profit on Tuesday amid a prolonged struggle to revive demand for its bikes in the United States where sales dived yet again, sending its shares down over 6 percent.
British lawmakers tell banks that no deal Brexit will not spell disarray
Britain would have “fully functional” rules to remain a top global financial center even if it left the European Union without a Brexit deal, its lawmakers said on Tuesday.
Xerox profit, forecast beat estimates; shares jump
Xerox Corp beat analysts’ expectations for profit in the fourth quarter and forecast full-year profit above estimates, suggesting moves to refocus under new management were paying off and sending its shares up 6 percent.
Verizon beats profit estimates, to spend more this year on 5G rollout
Verizon Communications Inc beat Wall Street estimates for quarterly profit on Tuesday, as the largest U.S. mobile carrier added almost twice as many net new subscribers who pay a monthly bill as analysts had previously expected.
Three Abu Dhabi lenders agree to create $114 billion bank
Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank agreed a merger on Tuesday to create the third-largest bank in the United Arab Emirates.
Pfizer forecasts 2019 revenue, profit below Wall Street targets
Pfizer Inc forecast 2019 profit and sales below Wall Street estimates on Tuesday as the company expects to take a blow from a stronger dollar and as well as the loss of patent on its blockbuster pain treatment Lyrica this year.
Harley profit misses; sees 2019 shipments lowest in 8 years
Harley-Davidson Inc reported a lower-than-expected quarterly profit on Tuesday, hit by declining sales in the United States, its biggest market, as its loyal baby boomer customers age, sending its shares down nearly 6 percent.
