McDonald’s posts rare profit miss, shares drop
McDonald’s Corp missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants...
U.S. existing home sales drop more then expected in September
U.S. home sales fell more than expected in September as the market continues to struggle with a dearth of properties for sale, especially for cheaper...
Boeing makes progress on 737 MAX, but FAA needs weeks to review
Boeing Co is making progress toward getting its 737 MAX aircraft in the air again but the U.S. Federal Aviation Administration (FAA) will need at...
Harley-Davidson beats forecasts as international sales rebound
Harley-Davidson Inc beat expectations for profit on Tuesday and stuck to its full-year shipment forecast, allaying fears of another major hit from European import tariffs...
WeWork board accepts SoftBank rescue deal: source
WeWork’s board has accepted a takeover plan proposed by Softbank Group, handing control of the office-sharing startup to the Japanese firm, according to a source...
Investor revolt torpedoes Swiss Sunrise’s $6.4 billion Liberty Global deal
Sunrise Communications Group bowed to investor pressure on Tuesday and scrapped its 6.3 billion Swiss franc ($6.39 billion) acquisition of Liberty Global’s Swiss cable business...
Wall Street eyes mixed open after earnings reports; McDonald’s disappoints
The S&P 500 and Nasdaq were set to open higher on Tuesday after a batch of upbeat earnings reports eased concerns over domestic growth and...
Huawei to develop radars for self-driving cars, top executive says
Huawei Technologies Co Ltd will utilize its 5G technologies to develop radar for self-driving cars, its deputy chairman told a conference, as the Chinese manufacturer...
Lockheed Martin profit up but forecasts lower cash flow in 2020; shares slip
Lockheed Martin Corp raised its estimate for 2019 earnings on Tuesday as quarterly profit climbed 9.2% amid improved sales of its F-35 fighter jets, but...
UTC expects Boeing to maintain 737 MAX production rate in 2019
United Technologies expects its customer Boeing to keep producing 42 737 MAX planes per month in 2019, allaying fears of a manufacturing pause that could...