Edition:
United Kingdom

Sanjana Shivdas

Trump's tariffs on metals costs Ford $1 billion, CEO says

26 Sep 2018

Steel and aluminium tariffs imposed by the Trump administration has cost Ford Motor Co about $1 billion, its chief executive officer said on Wednesday.

Toll Brothers profit beats on robust demand for luxury homes

21 Aug 2018

Toll Brothers Inc topped estimates for quarterly profit and revenue on strong demand for its luxury homes, sending its shares up 12 percent in early trading and pushing other homebuilder stocks higher. | Video

Starwood Property to buy part of GE Capital's energy finance unit for $2.56 billion

08 Aug 2018

Starwood Property Trust Inc said on Wednesday it would buy the debt business and loan portfolio of GE Capital's energy finance unit for $2.56 billion, as it diversifies from commercial real estate.

Wynn Resorts settles with Elaine Wynn, names industry veteran vice-chairman

06 Aug 2018

Casino operator Wynn Resorts on Monday named industry veteran Phil Satre its vice-chairman, in a symbolic victory for largest shareholder Elaine Wynn, who has been pushing for changes at the company's board.

Arconic sharpens focus on aircraft parts, tops profit estimates

31 Jul 2018

Arconic Inc is selling its construction business after a months-long review of its operations, the diversified aluminum products company said on Tuesday, seeking to sharpen focus on its fast-growing aircraft parts business.

Demand for affordable homes fuel D.R. Horton profit beat, Pulte orders dip

26 Jul 2018

D.R. Horton , the biggest U.S. homebuilder, on Thursday forecast revenue growth for 2019 after topping Wall Street quarterly profit estimates, underscoring strong housing demand.

General Dynamics profit beats estimates on IT services demand

25 Jul 2018

General Dynamics topped Wall Street estimates for quarterly profit on Wednesday, as the maker of Gulfstream jets and U.S. Navy ships benefited from stronger demand at its combat systems and information technology businesses.

Lockheed Martin beats profit estimates, raises 2018 forecast

24 Jul 2018

Demand for Lockheed Martin Corp's F-35 jet once again helped company profit beat Wall Street's expectations on Tuesday and the No. 1 U.S. defense contractor raised its forecast for the rest of the year.

Alcoa shares fall as tariffs, energy costs weigh on forecast

19 Jul 2018

Shares of Alcoa Corp fell 11.8 percent on Thursday a day after the aluminum producer lowered its 2018 forecast for adjusted earnings before interest, tax, depreciation and amortization (EBITDA) citing recent U.S. trade tariffs.

United Airlines raises profit forecast, trims capacity expansion

18 Jul 2018

United Airlines raised its profit forecast for 2018 on Tuesday, as average fares and traffic both rose and it trimmed capacity expansion in the face of soaring fuel costs. | Video

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