WASHINGTON – Two leading senators said Tuesday they have the “basic outlines” of a bipartisan agreement to resume federal payments to health insurers that President Donald Trump has blocked. Both said in separate interviews that they still have unresolved issues but expressed optimism that a compromise was near. Continue Reading […]
FOX News
Ex-Pennsylvania firm’s CFO gets probation in Humvee fraud
PITTSBURGH – A Pittsburgh man who helped a defense contractor in a $6 million scheme to overcharge the Department of Defense for Humvee window kits has been sentenced to three years’ probation. Continue Reading Below The federal judge says in Tuesday’s sentencing that 52-year-old Harry Kramer must spend the first […]
US homebuilder sentiment rises in October
U.S. homebuilders are feeling more optimistic than they have in months, looking past a recent slowdown in new home sales and the risk of rising labor and materials costs following hurricanes Harvey and Irma. Continue Reading Below The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday rose […]
3 Things Kinder Morgan Inc Investors Should Keep an Eye on This Quarter
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 […]
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 […]