Foxconn announces U.S. manufacturing plant in Wisconsin
(Reuters) – Taiwanese electronics manufacturer Foxconn on Wednesday announced plans to build a $10 billion LCD display panel screen plant in Wisconsin, a deal President Donald Trump asserted would not have happened without his efforts.
U.S. new home sales rise in June, but trend softening
WASHINGTON (Reuters) – New U.S. single-family home sales increased in June as purchases in the West surged to a near 10-year high, but downward revisions to the sales pace for the prior three months pointed to a housing market that is struggling to gai…
Wall Street mints records after Fed, strong earnings
NEW YORK (Reuters) – U.S. stocks climbed modestly on Wednesday to record closing highs after the Federal Reserve kept interest rates unchanged and strong earnings reports from Boeing and AT&T.
Wal-Mart proposes policy actions to boost U.S. manufacturing
CHICAGO (Reuters) – Wal-Mart Stores Inc on Wednesday proposed 10 policy actions to boost U.S. manufacturing that the retailer said could help recapture $300 billion of the $650 billion worth of consumer goods that are currently imported.
Oil jumps to near eight-week high after big draw in U.S. crude stocks
NEW YORK (Reuters) – Oil prices rose to near eight-week highs on Wednesday, with Brent crude futures at over $50 a barrel, as a fall in U.S. inventories bolstered expectations that the long-oversupplied market was moving toward balance.
Ford results foreshadow tougher times for Detroit automakers
DETROIT (Reuters) – Ford Motor Co on Wednesday joined rival General Motors Co in reporting higher-than-expected second-quarter profits, and in the next breath warning of a rougher ride for the rest of the year.
Boeing shares make biggest gain since 2009 on second-quarter profit
NEW YORK (Reuters) – Boeing Co shares soared more than 8 percent to a record high on Wednesday after the world’s biggest plane maker posted second-quarter profit and cash flow well ahead of Wall Street estimates and lifted its full-year forecasts, hel…
Coca-Cola to sell Coke Zero Sugar in U.S.; profit beats
(Reuters) – Coca-Cola Co said it would replace Coke Zero with a new sugar-free drink in the United States next month, as the company sharpens its focus on low and no-sugar versions of its sodas that helped best quarterly profit estimates.
Hilton’s profit beats; raises earnings forecast again
(Reuters) – Hilton Worldwide Holdings Inc , the owner of the Waldorf Astoria hotel chain, reported a higher-than-expected quarterly revenue and profit, as more people booked rooms at higher prices, and raised its 2017 earnings forecast yet again.
D.R. Horton posts slowest order growth in three quarters
(Reuters) – No.1 U.S. homebuilder D.R. Horton Inc reported its slowest growth in orders in three quarters on Wednesday even as it grapples with higher labor and lumber costs.
