United Kingdom

Rachit Vats

UPS profit beats expectations as demand for next day service surges

24 Jul 2019

United Parcel Service Inc said on Wednesday a jump in demand for its Next Day Air service drove better-than-expected profit in the second quarter as large retailers rushed packages to online shoppers.

Lockheed to move F-35 jet parts sourcing to U.S. from Turkey

23 Jul 2019

Lockheed Martin Corp said on Tuesday it was working to establish alternate supply sources for F-35 parts in the United States after the Pentagon decided last week to remove Turkey from the fighter jet program.

Union Pacific cost cuts sheltered profit amid freight slowdown

18 Jul 2019

Union Pacific Corp on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised rates to overcome disruptions from record floods in the Midwest and ongoing U.S.-China trade tensions.

FAA says has no timetable for Boeing 737 MAX's return to service

13 Jun 2019

The Federal Aviation Administration said on Wednesday it does not have a specific timetable on when Boeing Co's troubled 737 MAX jet would return to service after two fatal crashes led to the airplane's worldwide grounding in March.

UPDATE 2-Toyota, Fiat Chrysler U.S. sales fall in April

01 May 2019

May 1 Toyota Motor Corp and Fiat Chrysler Automobiles NV on Wednesday reported a fall in U.S. auto sales for April, as rising prices, higher interest rates and reduced incentives kept away buyers.

GE cautious as profit rises, cash burn slows; shares, bonds rise

30 Apr 2019

General Electric Co said on Tuesday it generated more profit and lost less cash than expected in the first quarter, suggesting an improving outlook under its new leader that sent its shares and bonds higher. | Video

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

Southwest Airlines says bookings strong even as 737 MAX grounded

25 Apr 2019

Southwest Airlines Co forecast better-than-expected second-quarter revenue growth on Thursday, citing demand from leisure and business customers, even though it is uncertain when its grounded Boeing 737 MAX jets will return to service.

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