General Electric Co forecast adjusted earnings of 50 cents to 60 cents per share in its 2019 outlook on Thursday, below analysts’ expectations of around 70 cents as new Chief Executive Larry Culp plows ahead with asset sales and restructuring. Continue Reading Below Shares of the company, hammered by tens […]
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Honda to recall about 1M vehicles in the US with Takata airbags
Honda Motor Co said on Tuesday its American unit will recall about 1.1 million Acura and Honda vehicles in the United States to fix a defect in Takata airbags in driver’s seat. Continue Reading Below The company said it is aware of one injury linked to a defect in the […]
New home sales rise to seven-month high in December
Sales of new U.S. single-family homes rose to a seven-month high in December, but November’s outsized jump was revised lower, pointing to continued weakness in the housing market. Continue Reading Below The Commerce Department said on Tuesday new home sales increased 3.7 percent to a seasonally adjusted annual rate of […]
Oil prices rise on trade deal hopes, OPEC supply cuts
Oil prices rose on Monday, buoyed by OPEC output cuts and reports that the United States and China are inching closer to a deal on a tariff row that has slowed global economic growth. Continue Reading Below International Brent futures were up 80 cents at $65.87 a barrel by 1037 […]
Wall Street week ahead: US stock reign may not last over other regions
NEW YORK (Reuters) – U.S. stock prices are outpacing those in most other regions to start 2019, but the gap is narrow and some investors are eyeing potential catalysts to tip the scales to the rest of the world. Continue Reading Below Investors say several factors could sway performance in […]
Kia, Hyundai expand US engine fire recall by 534,000 vehicles
Kia Motors Corp and affiliate Hyundai Motor Co said on Thursday they are recalling around 534,000 additional U.S. vehicles at risk of engine fires. Continue Reading Below Kia said it is recalling 378,000 2012-2016 Kia Soul vehicles over engine damage and fire risks, while Hyundai and Kia are recalling 155,000 2011-2013 Tucson vehicles and 2011-2012 Sportage […]
Oil edges up to $65 as OPEC seen rebuffing Trump pressure
Brent oil edged up to $65 a barrel on Tuesday as Saudi Arabia and the rest of OPEC were expected to stick to their production cuts, despite renewed pressure from U.S. President Donald Trump. Continue Reading Below Prices slid on Monday, when many traders were out of the office attending IP Week, […]
Lyft IPO coming in March, beating Uber
Lyft Inc plans to launch the roadshow for its initial public offering during the week of March 18, making it the first U.S. ride-hailing company to debut in the stock market, people familiar with the matter said on Wednesday to Reuters exclusively. Continue Reading Below Lyft’s larger rival Uber Technologies […]
Lyft IPO roadshow kicks off in March, beating Uber
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CVS Health quarterly revenue rises 12.5%
(Reuters) – CVS Health Corp reported a 12.5 percent increase in quarterly revenue on Wednesday, driven by strong pharmacy sales and its recent acquisition of health insurer Aetna. Continue Reading Below The drugstore chain operator and pharmacy benefits manager booked a net loss of $419 million, or 37 cents per […]