Ford says commodities prices hurt, needs to be ‘far fitter’
DETROIT (Reuters) – Ford Motor Co on Wednesday posted a lower-than-expected quarterly net profit, hurt by rising commodity costs and unfavorable currency exchange rates, and said it expected more pain to come from higher raw material prices in 2018.
American, Delta Air to revive deal to fly stranded passengers
NEW YORK (Reuters) – American Airlines and Delta Airlines said on Wednesday they entered into an agreement to accommodate stranded passengers during events such as winter storms and hurricanes, in a partial revival of an earlier interline deal betwee…
Whirlpool profit forecast misses estimates, despite tariffs boost
(Reuters) – Whirlpool Corp’s revenue growth unexpectedly slowed in the fourth quarter, and the home appliance maker’s full-year profit forecast fell short of market expectations, sending its shares down in trading after the bell on Wednesday.
Ford says commodities prices hurt, unfit versus industry peers
DETROIT (Reuters) – Ford Motor Co on Wednesday posted a lower-than-expected quarterly net profit, hurt by rising commodity costs and unfavorable currency exchange rates, and said it expects more pain to come from higher raw material prices in 2018.
S&P 500 dips after choppy session; chipmakers drag Nasdaq
NEW YORK (Reuters) – The S&P 500 was little changed on Wednesday while the Nasdaq lagged in choppy trading in the wake of comments by U.S. Commerce Secretary Wilbur Ross which hinted at action against China in a trade war.
Whirlpool’s full-year profit forecast misses estimate
(Reuters) – Whirlpool Corp posted a steep slowdown in sales for the fourth quarter and its full-year profit forecast fell short of market expectations as the home appliances maker struggles with higher costs of raw material such as steel.
Meg Whitman to lead Katzenberg’s mobile media startup NewTV
(Reuters) – Departing Hewlett Packard Enterprise Co CEO Meg Whitman will become chief executive of DreamWorks co-founder Jeffrey Katzenberg’s mobile media firm NewTV, a move that places her back into uncharted territory.
LG Electronics to hike washer prices in U.S. after tariffs
(Reuters) – The U.S. unit of LG Electronics Inc will raise prices of most of its washers in the United States after the government announced tariffs on imports of large, residential washers, according to a letter sent by LG to its partners.
S&P flat, Nasdaq falls on China trade worries
NEW YORK (Reuters) – The S&P 500 was flat on Wednesday while the Nasdaq lost ground in choppy trading in the wake of comments by U.S. Commerce Secretary Wilbur Ross which hinted at action against China in a trade war.
Scaramucci hits pause button on Las Vegas hedge fund party
NEW YORK (Reuters) – Anthony Scaramucci’s annual schmooze fest for Wall Street on the Las Vegas strip is on hold.
