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United Kingdom

Sanjana Shivdas

FedEx, smarting from Amazon breakup and trade war, warns on profit

12:23am BST

FedEx Corp warned on Tuesday that full-year earnings would miss analysts' estimates, as the U.S.-China trade war exacerbates a global economic cooling and the company manages fallout from its split with customer-turned-competitor Amazon.com Inc .

Ford names new president for China joint venture to deepen alliance amid falling sales

22 Aug 2019

Ford Motor Co on Thursday named Steven Armstrong president of the Changan Ford joint venture in China to deepen the alliance and push for more models, as the U.S. carmaker tries to stem a decline in sales in the world's second largest economy.

GE lifts forecast but warns Boeing grounding may cost $1.4 billion

31 Jul 2019

General Electric Co raised its 2019 forecast on Wednesday, but disclosed more than $1 billion in potential costs from Boeing's grounded 737 MAX jetliner, puncturing an early share rally.

Boeing supplier Spirit tops estimates despite MAX groundings

31 Jul 2019

Spirit AeroSystems beat Wall Street estimates for quarterly profit on Wednesday, as Boeing's biggest supplier continued to make and sell parts for the planemaker's grounded 737 MAX while demand for other aircraft held up.

D.R. Horton expects lower incentive spending to boost margins

30 Jul 2019

No.1 U.S. homebuilder D.R. Horton Inc on Tuesday said it expects lower incentive spending and strong buyer demand to benefit margins, sending its shares up about 6%.

Boeing 737 MAX groundings plague U.S. airlines, 'frustrated' Southwest exits Newark

25 Jul 2019

Boeing Co's top two U.S. customers warned on Thursday of an increasing financial toll from the prolonged grounding of the 737 MAX jet, which prompted a "frustated" Southwest Airlines Co to announce it was ending operations at Newark Liberty International airport.

American Airlines sees $400 million pretax hit in 2019 from 737 MAX grounding

25 Jul 2019

American Airlines Group Inc said on Thursday it expected the Boeing 737 MAX grounding to hit its 2019 pretax earnings by about $400 million, sending shares down about 1%, even as a strong passenger demand lifted quarterly revenues.

UPDATE 1-American Airlines sees $400 mln pretax hit in 2019 from 737 MAX grounding

25 Jul 2019

July 25 American Airlines Group Inc said on Thursday it expected the Boeing 737 MAX grounding to hit its 2019 pretax earnings by about $400 million, sending shares down about 1%, even as a strong passenger demand lifted quarterly revenues.

Southwest ekes out profit as bookings offset MAX groundings; Newark operations ceased

25 Jul 2019

Southwest Airlines Co eked out a small profit in the second quarter on Thursday as strong bookings offset the financial blow of the grounding of Boeing 737 MAX jets, which forced the carrier to cease operations at Newark Liberty International airport.

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