Edition:
United Kingdom

Sanjana Shivdas

Spirit Aero CFO resigns on accounting irregularity, shares fall 7%

30 Jan 2020

Spirit AeroSystems on Thursday said its chief financial officer had resigned after the company identified some accounting irregularities, adding to the woes of the aero-parts maker as it grapples with the 737 MAX crisis.

Weapons maker Raytheon tops profit estimates on strong international demand

30 Jan 2020

U.S. weapons maker Raytheon Co topped Wall Street estimates for quarterly profit on Thursday as strong international demand spurred sales in its defense systems unit, which makes the Patriot missile-defense system and surveillance radars.

Pulte forecasts upbeat home sales on lower prices, mortgage rates

28 Jan 2020

U.S. homebuilder PulteGroup Inc forecast full-year home sales above Wall Street estimates on Tuesday, pointing to strong first-time buyer demand amid lower mortgage rates and easing prices, sending its shares up as much as 5%.

American, Southwest say demand helping competitors while 737 MAX sits parked

23 Jan 2020

Healthy travel demand is cushioning results for American Airlines Group Inc and Southwest Airlines Co , the two said on Thursday, while warning they are losing customers as their Boeing 737 MAX jets remain parked in a global grounding. | Video

Bombardier reviews minority stake in Airbus JV, flags writedown; shares tumble

16 Jan 2020

Bombardier Inc shares shed nearly third of its value on Thursday after the company warned its 2019 profits would be lower because of problematic rail contracts and said it might have to write down the value of a plane partnership with Airbus .

Lennar cuts California home prices to boost sales after U.S.-China trade war

08 Jan 2020

Lennar Corp cut average prices by 6% for its homes in western United States, including California, during the fourth quarter as affluent Chinese buyers have been spooked by the Sino-U.S. trade war and the state's ever increasing home prices.

Lennar sees 2020 home sales above estimates as lower prices boost demand

08 Jan 2020

Lennar Corp on Wednesday forecast 2020 home sales above analysts' estimates, encouraged by strong demand on the back of lower home prices and mortgage rates, sending its shares up 3%.

Discounts fuel U.S. pick-up truck sales in a slowing market

03 Jan 2020

U.S. automakers on Friday reported another year of stable sales of pick-up trucks, as discounts during the crucial holiday season and lower interest rates on vehicle loans attracted buyers while demand for passenger cars retreated further.

Johnson & Johnson says new tests show no asbestos in Johnson's Baby Powder

04 Dec 2019

Johnson & Johnson said on Tuesday that recent tests showed that Johnson's Baby Powder was free of asbestos, after U.S. Food and Drug Administration investigations reported trace amounts of the material in the product earlier this year.

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