Monsanto cuts first-quarter earnings guidance
CHICAGO (Reuters) – Monsanto Co on Tuesday confirmed earlier guidance that its fiscal first quarter 2016 is expected to show an earnings-per-share loss in the 23-to-33 cent range, amid continued pricing weakness in glyphosate, fewer South American corn…
Oil rises after IEA reports sharp decline in investment
LONDON (Reuters) – Oil prices rose on Tuesday after the International Energy Agency(IEA) noted unprecedented declines in investment, though the broader picture of an oversupplied market limited any gains.
Lockheed in initial talks with Saudi Arabia about more helicopters
DUBAI (Reuters) – Lockheed Martin Corp on Tuesday said it was in initial talks with Saudi Arabia about the sale of 20 more Sikorsky MH-60R helicopters in addition to a $1.9 billion deal for 10 helicopters that should be finalized by year’s end.
Experian says receives class actions on T-Mobile breach
(Reuters) – Credit data company Experian Plc said it had received a number of class actions related to the theft of T-Mobile US Inc customer data at its server and was working with U.S. and other law enforcement agencies to investigate the matter.
D.R. Horton’s profit surges as home sales jump
(Reuters) – D.R. Horton Inc , the largest U.S. homebuilder, reported a near 44 percent jump in profit for the fourth quarter as the company sold more homes and it said orders rose 19 percent.
Luxury brands suing Alibaba say mediation looks futile after Ma comments
SHANGHAI/NEW YORK (Reuters) – Luxury brands suing Chinese e-commerce behemoth Alibaba Group Holding Ltd have asked a U.S. judge to be relieved of the obligation to mediate, which they say looks futile after Alibaba founder Jack Ma was quoted in a magaz…
Global shares dip, dollar back on track
LONDON (Reuters) – Asian stock markets fell and European shares struggled to find traction on Tuesday as investors digested the fallout of the third quarter earnings season and last week’s strong signals from the U.S. jobs market.
Boeing expects first maritime spy plane sale in next few years
DUBAI (Reuters) – Boeing Co is in “very serious conversations” with five customers about its new Maritime Surveillance Aircraft, a long-range spy plane based on Bombardier’s 605 business jet, an executive said on Tuesday.
U.S. Air Force defends bomber competition process
DUBAI (Reuters) – U.S. Air Force Secretary Deborah James defended on Tuesday the process that selected Northrop Grumman Corp to build the next-generation U.S. bomber, saying it was “very deliberate” and included a number of independent reviews.
GE, Alstom land $5.6 billion deals to supply Indian railway
NEW DELHI (Reuters) – General Electric and Alstom have won contracts worth a combined $5.6 billion to supply India’s railways with new locomotives, as the vast but dilapidated state-owned network looks to foreign companies to help it modernise.
