3M forecasts 2020 profit below estimates on weak China demand
U.S. industrial giant 3M Co forecast 2020 profit below expectations and narrowly missed quarterly revenue estimates on Tuesday, as it continues to face sluggish demand...
UTC says Collins 2020 profit to be hurt mainly due to MAX grounding
United Technologies Corp Chief Financial Officer Neil Mitchill said he expects 2020 operating profit at the U.S. aircraft parts maker’s Collins Aerospace unit, its biggest,...
Ryanair warns of job losses as 737 MAX delivery date slips
Ryanair has warned pilots of possible base closures and job cuts as the date for delivery of its first 10 of Boeing’s grounded 737 MAX...
Lockheed Martin beats estimates, raises sales forecast on higher F-35 deliveries
Lockheed Martin Corp reported a better-than-expected quarterly profit on Tuesday and forecast 2020 revenue above analysts’ estimates, as the Pentagon’s No.1 weapons supplier benefited from...
Wall Street set to recover after turbulent Monday
U.S. stock indexes were on track to recover on Tuesday after the S&P 500 suffered its worst day in nearly four months in the previous...
Harley-Davidson’s shares tumble on steeper fall in revenues
Harley-Davidson Inc on Tuesday reported a larger-than-expected decline in its motorcycles revenue hurt by a continuing slide in retail sales in the United States, sending...
Pfizer profit misses as breast cancer drug sales fall short of estimates
Pfizer Inc posted a quarterly profit on Tuesday that came in below Wall Street estimates, as sales of breast cancer drug Ibrance fell short of...
Airbus agrees to settle corruption probes with France, UK, U.S.
Airbus faces billions of dollars of fines after agreeing in principle to a settlement with French, British and U.S. authorities following a crippling three-year investigation...
Pfizer posts 9% fall in fourth-quarter revenue
Pfizer Inc reported a 9% drop in fourth-quarter revenue, hurt by intense competition for its pain treatment Lyrica that lost patent protection last year....
Facebook, HSBC and others curb travel to China as warnings grow
Facebook Inc and other global companies including LG Electronics Inc and HSBC are restricting travel to China, as the death toll from a flu-like virus...