Lockheed Martin tops estimates on F-35 sales, raises outlook
(Reuters) – Lockheed Martin Corp , the Pentagon’s No. 1 weapons supplier, on Tuesday reported better-than-expected quarterly profit and said it expects increased defense spending under U.S. President Donald Trump to underpin its earnings this year.
Bank of America profit rises as consumer bank hits profit ‘milestone’
(Reuters) – Bank of America Corp reported a higher-than-expected quarterly profit on strength in its consumer bank and cost cuts that are beginning to bear fruit after years of branch closures, staff cuts and efforts to reduce technology and paper-rela…
Nasdaq hits record on Netflix boost; Dow dragged by Goldman
NEW YORK (Reuters) – A Netflix rally boosted the Nasdaq Composite to a record high on Tuesday while Goldman Sachs Group Inc dragged the Dow lower as earnings take center stage on Wall Street.
Thyssenkrupp finds no signs of corruption in Israel deal
DUESSELDORF/BERLIN (Reuters) – German industrial group Thyssenkrupp has not found any evidence of corruption in its handling of a $2 billion contract to sell submarines and naval patrol craft to Israel, it said in a statement on Tuesday.
Fed to announce balance sheet unwind in September, hike rates in fourth quarter: Reuters poll
BENGALURU (Reuters) – The U.S. Federal Reserve will announce plans to shrink its more than $4 trillion balance sheet in September, according to a Reuters poll of economists who also said the central bank will wait until the fourth quarter before raisin…
New life in U.S. housing market not evident in big bank results
(Reuters) – The U.S. housing sector has seen prices, sales and financing applications soar lately as more buyers entered the market for the first time, but those trends were hard to see in big banks’ mortgage businesses during the second quarter.
BMW executive Kranz joins electric car startup Faraday Future
SINGAPORE (Reuters) – Faraday Future, an electric car start-up backed by Chinese entrepreneur Jia Yueting, has hired BMW veteran Ulrich Kranz as chief technology officer, as it pushes to accelerate production of its FF91 luxury electric SUV despite it…
U.S. makes lower trade deficit top priority in NAFTA talks
WASHINGTON (Reuters) – The United States on Monday launched the first salvo in the renegotiation of the 23-year-old North American Free Trade Agreement (NAFTA), saying its top priority for the talks was shrinking the U.S. trade deficit with Canada and …
Setback for Trump agenda leaves dollar stranded
LONDON (Reuters) – The dollar fell to a 10-month low on Tuesday, bearing the brunt of a selloff triggered by another setback to U.S. President Donald Trump’s agenda and scaled back expectations for another rate hike at Federal Reserve this year.
Toshiba shares jump by almost a fifth after Greenlight stake, court hearing
TOKYO (Reuters) – Toshiba Corp shares jumped by nearly a fifth on Tuesday after a U.S. hedge fund said it had added a stake and the Japanese conglomerate avoided an immediate court injunction on a planned $18 billion sale of its chip business.
