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United Kingdom

Sanjana Shivdas

FedEx profit beats estimates, warns of pain in 2020 from trade war

26 Jun 2019

Package delivery company FedEx Corp beat Wall Street estimates for quarterly profit on Tuesday, but warned that U.S.-China trade tensions and the non-renewal of its contract with Amazon.com Inc would hurt its fiscal 2020 performance.

Boeing May deliveries fall 56% as 737 MAX grounding continues to weigh

11 Jun 2019

Boeing Co said on Tuesday it handed over 56% fewer airplanes in May compared with a year earlier, as deliveries of its top-selling 737 MAX jet remained suspended following a deadly crash in March.

Major automakers post U.S. higher May new vehicle sales

03 Jun 2019

Major automakers on Monday reported better-than-expected U.S. new vehicle sales for May, posting the first monthly increase for 2019 as a strong economy and upbeat consumer sentiment boosted demand.

United Airlines shakes up Avianca leadership after shareholder default

24 May 2019

United Airlines launched a management overhaul at Colombia's Avianca Holdings on Friday, removing top shareholder German Efromovich from controlling the cash-strapped airline, according to regulatory filings.

American Airlines cuts outlook on 737 MAX, sees jets flying again by mid-August

26 Apr 2019

American Airlines Group Inc cut its 2019 profit forecast on Friday, blaming an estimated $350 million hit from the grounding of Boeing's 737 MAX planes during its busiest travel season, but said it was confident the aircraft would start flying by mid-August.

Homebuilder Horton avoids 2019 margin forecast, raises cost worries

25 Apr 2019

D.R. Horton Inc forecast 2019 revenue below Wall Street estimates and did not provide an outlook on gross margin for the year, spooking investors who have been worried about the impact of rising costs on future profits.

General Dynamics beats profit estimates on higher Gulfstream deliveries

24 Apr 2019

Higher deliveries of Gulfstream jets helped General Dynamics Corp beat analysts' first-quarter profit estimates on Wednesday, sending shares of the U.S. aerospace and defense company surging nearly 6 percent before those gains were erased in late morning trading.

Homebuilder Pulte pins hope on lower mortgage rates, home prices

23 Apr 2019

PulteGroup Inc said on Tuesday it expects homebuyers to return to the market after slowing demand in the second half of 2018, spurred by lower prices across its portfolio and easing mortgage rates.

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