Edition:
United Kingdom

Ankit Ajmera

Deere blames escalating trade war for worsening outlook

17 May 2019

Deere & Co on Friday missed quarterly profit estimates for the fifth-straight quarter and cut its full-year outlook, as an escalating U.S.-China trade war threatens to further hit farm incomes and demand for the company's equipment.

Boeing supplier Spirit AeroSystems suspends outlook

01 May 2019

Boeing Co's largest supplier Spirit AeroSystems Holdings Inc reported strong first-quarter results on Wednesday, while following the planemaker in suspending its full-year outlook in the face of the global grounding of 737 MAX jets.

3M cuts 2019 profit outlook on weak China, shares fall 11%

29 Apr 2019

Shares of 3M Co fell 11 percent on Thursday after the U.S. manufacturing conglomerate cut its 2019 earnings forecast and said it would lay off 2,000 workers, citing worsening performance in high-growth markets such as China. | Video

U.S. opens criminal probe into Ford emissions certification

29 Apr 2019

WASHINGTON The U.S. Justice Department has opened a criminal investigation into Ford Motor Co's emissions certification process in the United States, the automaker disclosed on Friday, saying it was cooperating fully with the probe and still conducting its own internal review. | Video

AutoNation quarterly profit beats on higher earnings per vehicle

26 Apr 2019

AutoNation Inc, the largest U.S. auto dealership chain, on Friday reported a better-than-expected quarterly profit, as it earned more per vehicle sold.

UPS profit hurt by severe weather, issues disappointing outlook for second quarter; shares sink

25 Apr 2019

United Parcel Service Inc said it saw signs of softening in the U.S. economy and issued a disappointing second-quarter profit forecast, sending shares down 7 percent even as it promised a strong end to the year.

Raytheon profit beats expectations; shares drop on unchanged outlook

25 Apr 2019

Shares of Raytheon Co slumped nearly 6 percent on Thursday after the U.S. weapons maker reported a jump in its quarterly profit but left its earnings outlook for the year unchanged.

Boeing abandons outlook, takes $1 billion cost hit in MAX crisis

24 Apr 2019

Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and said lowered production due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months had cost it at least $1 billion so far. | Video

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