This year has been a frustrating one for Kinder Morgan (NYSE: KMI) investors, considering that shares are down more than 9% since January. That decline is a bit of a head-scratcher since the company’s underlying operations have outperformed expectations, enabling it to remain slightly ahead of pace on its full-year […]
FOX Business News
Boeing slams Airbus, Bombardier deal as means to ‘skirt’ US trade findings
European airplane manufacturer Airbus announced it would take a majority stake in Canadian plane maker Bombardier’s C-Series jet program on Monday, a deal viewed by Airbus’ main competitor – Boeing (BA) – as a way to potentially sidestep recent findings by U.S. trade courts. Continue Reading Below Airbus has acquired […]
US industrial production rose a solid 0.3 percent in September, but growth stunted by hurricanes
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US worried about dwindling independent media in Hungary
BUDAPEST, Hungary – The top U.S. diplomat in Hungary raised concerns on Tuesday about the dwindling numbers of independent media outlets in Hungary and the growing influence of government allies in the media market. Continue Reading Below David Kostelancik, the charge d’affaires at the U.S. Embassy, said that while there […]
CSX meets 3Q profit forecasts
JACKSONVILLE, Fla. – CSX Corp. (CSX) on Tuesday reported third-quarter net income of $459 million. Continue Reading Below On a per-share basis, the Jacksonville, Florida-based company said it had net income of 51 cents. The results matched Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment […]
Harley-Davidson beats profit estimates, backs full-year forecast
Oct 17 (Reuters) – U.S. motorcycle maker Harley-Davidson Inc (HOG) reported a better-than-expected quarterly profit on Tuesday and maintained its full-year shipments forecast, despite prolonged weak demand in its home market. Continue Reading Below Harley’s U.S. retail motorcycle sales, or sales by dealers to customers, fell 8.1 percent in the third […]
Johnson & Johnson tops Street 3Q forecasts, hikes forecast
NEW BRUNSWICK, N.J. – Higher spending across the board drove Johnson & Johnson’s third-quarter profit down 12 percent, despite a big jump in sales fueled by recent acquisitions, hot new cancer drugs and strong sales of other key medicines. Continue Reading Below However, the health care giant easily topped Wall […]
Israel Aerospace Industries, Hankuk Carbon, to make drones
JERUSALEM – Israel Aerospace Industries says it has formed a joint venture with Korean company Hankuk Carbon to make unmanned aircraft together. Continue Reading Below It says the new company, called Korea Aviation Technologies, will develop drones with vertical takeoff and landing capabilities. Its products will be aimed at both […]
J&J reports 11.9 pct fall in quarterly profit
Oct 17 (Reuters) – Johnson & Johnson, which completed its $30 billion acquisition of Swiss biotech Actelion in June, reported a 11.9 percent fall in quarterly profit as costs rose. Continue Reading Below The company’s net earnings fell to $3.76 billion, or $1.37 per share, in the third quarter from […]
UnitedHealth beats 3Q earnings forecast, hikes 2017 guidance
UnitedHealth Groups’ third-quarter earnings soared 26 percent to beat Wall Street expectations as its growing Optum business segment once again helped the nation’s largest health insurer. Continue Reading Below The Minnetonka, Minnesota, company earned nearly $2.49 billion as revenue grew 9 percent to $50.32 billion. Adjusted earnings totaled $2.66 per […]