Edition:
India

Ankit Ajmera

3M cuts 2019 profit outlook on weak China, shares fall 11 percent

25 Apr 2019

Shares of 3M Co fell 11 percent on Thursday after the U.S. manufacturing conglomerate cut its 2019 earnings forecast and said it would lay off 2,000 workers, citing worsening performance in high-growth markets such as China. | Video

UPS profit hurt by severe weather, issues disappointing outlook for second quarter; shares sink

25 Apr 2019

United Parcel Service Inc said it saw signs of softening in the U.S. economy and issued a disappointing second-quarter profit forecast, sending shares down 7 percent even as it promised a strong end to the year.

Raytheon profit beats expectations; shares drop on unchanged outlook

25 Apr 2019

Shares of Raytheon Co slumped nearly 6 percent on Thursday after the U.S. weapons maker reported a jump in its quarterly profit but left its earnings outlook for the year unchanged.

UPDATE 3-Raytheon profit beats expectations; shares drop on unchanged outlook

25 Apr 2019

April 25 Shares of Raytheon Co slumped nearly 6 percent on Thursday after the U.S. weapons maker reported a jump in its quarterly profit but left its earnings outlook for the year unchanged.

Boeing abandons outlook, takes $1 billion cost hit in MAX crisis

25 Apr 2019

Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and said lowered production due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months had cost it at least $1 billion so far. | Video

UPDATE 8-Boeing abandons financial outlook, sees $1 bln in extra cost on 737 MAX

24 Apr 2019

April 24 Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and said lowered production due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months had cost it at least $1 billion so far.

Ford Motor to put $500 million into electric vehicle startup Rivian

24 Apr 2019

Ford Motor Co said on Wednesday it will invest $500 million in U.S. electric vehicle startup Rivian Automotive LLC, joining Amazon.com Inc in backing the potential rival to Silicon Valley's Tesla Inc.

United Technologies raises full-year profit forecast on Rockwell lift

23 Apr 2019

United Technologies Corp posted a higher-than-expected quarterly profit and raised its full-year earnings forecast on Tuesday, boosted by robust demand for aircraft parts at one of the manufacturers better placed to ride out the fallout of the Boeing 737 MAX groundings.

UPDATE 3-United Technologies raises full-year profit forecast on Rockwell lift

23 Apr 2019

April 23 United Technologies Corp posted a higher-than-expected quarterly profit and raised its full-year earnings forecast on Tuesday, boosted by robust demand for aircraft parts at one of the manufacturers better placed to ride out the fallout of the Boeing 737 MAX groundings.

Honeywell evaluating revenue potential from Boeing's next aircraft launch: CFO

18 Apr 2019

Honeywell International Inc is evaluating the revenue potential from supplying parts to Boeing's next major aircraft program, which is likely to be finalized by late 2019 or early next year, Chief Financial Officer Greg Lewis told Reuters.

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