Edition:
United Kingdom

Ankit Ajmera

D.R. Horton forecasts weak home sales, shares fall 10 percent

08 Nov 2018

D.R. Horton shares fell more than 10 percent after the largest U.S. homebuilder forecast first-quarter home sales below analysts' estimates on Thursday, the latest sign that rising mortgage rates and higher home prices are weighing on the housing market.

Rising interest rates pinch U.S. auto sales, consumer confidence

01 Nov 2018

U.S. auto sales rose slightly in October, hit by rising interest rates and higher vehicle prices, and No.2 carmaker Ford Motor Co. warned of slipping consumer confidence, indicating sales volumes would continue to moderate in 2018.

Spirit tops profit estimates, on track to meet record demand from planemakers

31 Oct 2018

Spirit AeroSystems topped Wall Street estimates for third-quarter profit on Wednesday, and said it was back on track to meet surging demand for its aircraft parts from top customers Boeing Co and Airbus SE .

Aluminum products maker Arconic's profit beats on strong aero parts demand

30 Oct 2018

U.S. specialty metals maker Arconic Inc reported a better-than-expected quarterly profit on Tuesday and raised its full year earnings forecast, driven by higher demand for aluminum parts used in airplanes.

Aluminum products maker Arconic's profit beats on strong aero parts demand

30 Oct 2018

Oct 30 U.S. specialty metals maker Arconic Inc reported a better-than-expected third-quarter profit on Tuesday, helped by higher demand for aluminum parts used in aircraft.

U.S. autos rise on report China proposes slashing car purchase tax

29 Oct 2018

Shares of U.S. automakers rose on Monday after a report that China was considering halving its car purchase tax to 5 percent to support its struggling auto industry, which has been hit hard by the ongoing Sino-U.S. trade war.

Raytheon beats profit estimates, raises full-year forecast

25 Oct 2018

Defense contractor Raytheon Co beat analysts' estimates for third-quarter profit on Thursday and raised its full-year forecast, helped by sales of Patriot missile defense systems and cybersecurity services.

UPDATE 4-Boeing raises profit and sales forecast; shares jump

24 Oct 2018

Oct 24 Boeing shares jumped on Wednesday after the world's largest planemaker reported stronger-than-expected quarterly profit and cash flow, helped by soaring demand from airlines and solid defense sales and services, and raised its 2018 sales and profit estimates.

UTC confident of Chinese nod for Rockwell deal, reports strong profit

23 Oct 2018

United Technologies Corp soothed investor nerves over Chinese approval for its purchase of aircraft parts maker Rockwell Collins, as it announced a stronger-than-expected quarterly profit on Tuesday.

World News