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Huawei executive Meng attends bail hearing at Canadian court

January 29, 2019 by  
Filed under News

Chinese telecommunications giant Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou appeared in a Canadian court on Tuesday for a hearing concerning her bail in a case that has strained Beijing’s ties with Canada and the United States.


Source: Reuters Business News

Harley expects 2019 shipments to slump, shares sink; will boost Thai investment

January 29, 2019 by  
Filed under News

Harley-Davidson Inc reported worse-than-expected quarterly profit on Tuesday and forecast a slump in global shipments of its motorcycles in 2019, sending shares sinking more than 7 percent in afternoon trading.


Source: Reuters Business News

U.S. State Department approves possible $2.1 billion sale of Aegis system to Japan

January 29, 2019 by  
Filed under News

The U.S. State Department has approved a possible sale to Japan of two Lockheed Martin-made AEGIS Weapon Systems and related missile defense equipment for an estimated cost of up to $2.15 billion, the Pentagon said on Tuesday.


Source: Reuters Business News

Verizon sees no increase in 2019 profit, misses fourth quarter revenue estimate

January 29, 2019 by  
Filed under News

Verizon Communications Inc on Tuesday said it does not expect profit growth in 2019 due to a higher tax rate and interest expense, and missed Wall Street estimates for fourth quarter revenue.


Source: Reuters Business News

Tech keeps Nasdaq, S&P under pressure; industrials lift Dow

January 29, 2019 by  
Filed under News

The S&P 500 and the Nasdaq came under pressure from weakness in technology stocks ahead of Apple’s results on Tuesday, while a rebound in industrial stocks lifted the Dow.


Source: Reuters Business News

Bombardier resumes deliveries of subway cars to New York City

January 28, 2019 by  
Filed under News

Bombardier said it has resumed delivering subway cars to New York City Transit on Monday, spokesman Eric Prud’Homme said by email, after the agency halted deliveries last week because of performance problems.


Source: Reuters Business News

General Electric stock buyers preach patience, eye progress

January 28, 2019 by  
Filed under News

Investors who have scooped up decimated shares of General Electric Co are willing to wait years to reap a solid return but also hope the U.S. conglomerate will show progress in its turnaround plan and avoid more negative surprises.


Source: Reuters Business News

Oil tumbles 4 percent on growing U.S. supply, China trade worries

January 28, 2019 by  
Filed under News

Oil fell more than 3 percent on Monday, heading for its biggest one-day percentage drop in a month due after an increase in U.S. crude drilling pointed to further supply growth.


Source: Reuters Business News

Wall Street rattled by Caterpillar, Nvidia warnings

January 28, 2019 by  
Filed under News

U.S. stocks slumped on Monday, as warnings from Caterpillar Inc and Nvidia Corp added to concerns about a slowing Chinese economy and tariffs taking a toll on corporate profits.


Source: Reuters Business News

U.S tariffs will slow GDP growth: Congressional Budget Office

January 28, 2019 by  
Filed under News

Tariffs imposed by the Trump administration will limit growth of U.S. real gross domestic product by an average of 0.1 percent each year for the next 10 years if they remain in place at current levels, the Congressional Budget Office (CBO) said on Monday.


Source: Reuters Business News

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