United Tech sees sales uptick in China; posts profit beat
NEW YORK (Reuters) – United Technologies Corp saw an uptick in equipment orders in China in the first quarter, Chief Executive Greg Hayes said in an interview on Wednesday, as the company posted results that beat analyst estimates.
Exxon boosts dividend 3 percent day after ratings downgrade
HOUSTON (Reuters) – Exxon Mobil Corp raised its quarterly dividend by 3 percent on Wednesday, a day after Standard & Poor’s downgraded the U.S. oil and gas company partly because of its generous payouts to shareholders.
Smaller U.S. goods trade gap seen boosting first-quarter GDP growth
WASHINGTON (Reuters) – The U.S. goods trade deficit narrowed sharply to a one-year low in March, as both imports and exports fell, suggesting economic growth in the first-quarter was probably not as weak as currently anticipated.
Boeing profit takes hit from tanker, 747; outlook unchanged
(Reuters) – Boeing Co took a surprise $156 million charge for its KC-46 aerial refueling tanker on Wednesday, pushing first-quarter profit down 9 percent amid concern about meeting deadlines for the U.S. Air Force program.
Yahoo to add four directors to board in deal with Starboard
(Reuters) – Yahoo Inc on Wednesday agreed to add four new independent directors to its board, bowing to pressure from activist hedge fund Starboard Value LP and averting a proxy fight ahead of its upcoming annual meeting.
Social media users upbeat on Facebook; gloomy on Apple, Twitter
(Reuters) – Social media sentiment for Apple Inc and Twitter Inc dropped sharply on Wednesday, a day after the companies reported disappointing quarterly earnings, while online circles remained confident about Facebook Inc , which is scheduled to pos…
McDonald’s testing new Chicken McNuggets recipe in some U.S. markets
(Reuters) – McDonald’s Corp said it is testing new recipes for its staple Chicken McNuggets snack in some U.S. markets to cater to growing consumer demand for less-processed food.
Mitsubishi Motors says Japan orders halved; chief says no plans to resign
TOKYO (Reuters) – Mitsubishi Motors Corp said Japanese orders for its cars have halved since it revealed last week it cheated on fuel economy tests, intensifying concerns over its prospects given an already chequered history of scandals.
Comcast beats estimates, gains video subscribers; shares jump
NEW YORK (Reuters) – Comcast Corp reported better-than-expected results on Wednesday, reaping the rewards of its biggest first-quarter jump in pay-TV customers in nine years and as its business service, high-speed Internet and entertainment units grew…
High warranty costs reflect Tesla’s struggle with quality
DETROIT/SAN FRANCISCO (Reuters) – Tesla Motors Inc Chief Executive Elon Musk has told investors his electric car company will stop burning cash and turn a profit this year, and corralling costs associated with quality problems will be critical to maki…
