Ford Motor Co on Thursday named Steven Armstrong president of the Changan Ford joint venture in China to deepen the alliance and push for more models, as the U.S. carmaker tries to stem a decline in sales in the world's second largest economy.
General Electric Co raised its 2019 forecast on Wednesday, but disclosed more than $1 billion in potential costs from Boeing's grounded 737 MAX jetliner, puncturing an early share rally.
Spirit AeroSystems beat Wall Street estimates for quarterly profit on Wednesday, as Boeing's biggest supplier continued to make and sell parts for the planemaker's grounded 737 MAX while demand for other aircraft held up.
* Orders for other Boeing, Airbus plane parts aid sales
(Adds background on MAX suppliers, shares)
No.1 U.S. homebuilder D.R. Horton Inc on Tuesday said it expects lower incentive spending and strong buyer demand to benefit margins, sending its shares up about 6%.
July 30 No.1 U.S. homebuilder D.R. Horton Inc
on Tuesday said it expects lower incentive spending and
strong buyer demand to benefit margins, sending its shares up
Boeing Co's top two U.S. customers warned on Thursday of an increasing financial toll from the prolonged grounding of the 737 MAX jet, which prompted a "frustrated" Southwest Airlines Co to announce it was ending operations at Newark Liberty International airport.
Southwest Airlines Co eked out a small profit in the second quarter on Thursday as strong bookings offset the financial blow of the grounding of Boeing 737 MAX jets, which forced the carrier to cease operations at Newark Liberty International airport.
American Airlines Group Inc said on Thursday it expected the Boeing 737 MAX grounding to hit its 2019 pretax earnings by about $400 million, sending shares down about 1%, even as a strong passenger demand lifted quarterly revenues.