Nov 22 (Reuters) – U.S. tractor maker Deere & Co on Wednesday forecast strong earnings for the coming fiscal year, while reporting fourth-quarter results ahead of Wall Street estimates, as it benefits from improving demand for farm machinery. Continue Reading Below Shares of the Moline, Illinois company known for its […]
FOX Business News
Deere beats Street 4Q forecasts
MOLINE, Ill. – Deere & Co. (DE) on Wednesday reported fiscal fourth-quarter net income of $510.3 million. Continue Reading Below The Moline, Illinois-based company said it had profit of $1.57 per share. The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was […]
I’m Not That Impressed by American Airlines’ Unit Revenue Growth — Yet
American Airlines Group (NASDAQ: AAL) posted incredible profit growth in the first couple of years following its merger with U.S. Airways. Merger synergies helped a bit, but the bulk of the profit growth was driven by a sharp decline in oil prices — along with management’s savvy decision to avoid […]
China criticizes unilateral action after NK sanctions
BEIJING – China’s government has criticized “long-arm jurisdiction by other countries” after Washington penalized a group of Chinese companies accused of trading with North Korea. Continue Reading Below A foreign ministry spokesman, Lu Kang, said Wednesday that Beijing abides by U.N. Security Council sanctions over the North’s pursuit of nuclear […]
German business groups say country needs new government soon
BERLIN – The heads of two influential German business lobby group say the country needs a new government soon in order to tackle important issues facing the economy. Continue Reading Below Talks on forming a four-party coalition collapsed late Sunday; Chancellor Angela Merkel has signaled she’s willing to keep negotiating […]
TiVo wins set-top box patent case against Comcast
The U.S. International Trade Commission has ruled in favor of Rovi Corp, which is now known as TiVo Corp , and prohibited Comcast Corp from importing and selling certain types of Rovi’s Xfinity X1 set-top boxes. Continue Reading Below The final ruling in favor of Rovi that makes set-top boxes […]
Asian stocks advance after Wall Street gains
BEIJING – Asian stocks rose Wednesday after Wall Street hit new highs ahead of the two-day U.S. break for the Thanksgiving holiday. Continue Reading Below KEEPING SCORE: The Shanghai Composite Index rose 0.2 percent to 3,416.94 and Tokyo’s Nikkei 225 gained 0.5 percent to 22,523.15. Hong Kong’s Hang Seng advanced […]
David Cassidy, star of ‘The Partridge Family,’ dies at 67
David Cassidy, the teen and preteen idol who starred in the 1970s sitcom “The Partridge Family” and sold millions of records as the musical group’s lead singer, died Tuesday at age 67. Continue Reading Below Mr. Cassidy, who announced earlier this year that he had been diagnosed with dementia, died […]
Movado Group, Inc. Boosts Full-Year Outlook
Movado Group (NYSE: MOV) reported fiscal 2018 third-quarter earnings on Oct. 31. The luxury-watch maker is enjoying strong growth in its international markets, making management optimistic that the company can close out the year on solid ground. Continue Reading Below Movado Group results: The raw numbers Metric Q3 2018 Q3 2017 […]
Cowboys owner Jerry Jones withdraws threat to sue NFL
Dallas Cowboys owner Jerry Jones said late Tuesday that he is “standing down” from his threats of litigation against the NFL, even as he stepped up his criticism of commissioner Roger Goodell, according to a letter reviewed by The Wall Street Journal. Continue Reading Below Amid simmering tensions over Goodell’s […]