United States

Ankit Ajmera

Apr 25 2017

Caterpillar's profit trounces estimates; shares jump

Caterpillar Inc's quarterly profit crushed estimates and the company raised its sales forecast, encouraged by an improvement in its end-markets, sending its shares to their highest in more than three years.

Apr 24 2017

RLJ to buy fellow lodging trust FelCor

RLJ Lodging Trust said on Monday it would buy peer FelCor Lodging Trust Inc , making it one of the biggest U.S. lodging real estate investment trusts.

Apr 21 2017

Honeywell profit beats; shares hit record high

Honeywell International Inc said on Friday its commercial aviation after-sales business was benefiting from robust air travel, while its energy division was getting a lift from stable oil prices, sending shares to a record high.

Apr 18 2017

Fewer buyers at stores put Harley's shipment forecast at risk

Weak demand for Harley-Davidson Inc's motorcycles in the first quarter led to lower-than-expected retail sales at its dealers, raising concerns that the company could miss its already weak shipment forecast for the year.

Apr 17 2017

Harley offers rare incentives to shift bike overhang: dealers

Harley-Davidson Inc has taken the rare step of offering rebates on its 2016 motorcycles to U.S. dealers as an incentive for them to shift a backlog that has restricted sales of its latest models, three dealers and two analysts said.

Apr 12 2017

Delta Air tops profit estimate; says may cut wide-body jet orders

Delta Air Lines Inc reported a better-than-expected quarterly profit on Wednesday and said it may consider reducing its orders for wide-body aircraft as the industry struggles with excess capacity.

Apr 10 2017

U.S. trucking companies Swift and Knight to merge

Trucking and logistics operators Swift Transportation Co and Knight Transportation Inc are merging in a stock-swap deal, creating a company with a market value of more than $5 billion.

Mar 24 2017

Electroimpact to pay $485,000 over alleged hiring discrimination

Boeing Co and Airbus Group SE tooling supplier Electroimpact Inc has been fined $485,000 after an investigation alleged that it had a discriminatory hiring policy, the Washington State Attorney General said on Friday.

Mar 22 2017

Sears warns of 'going concern' doubts

Sears Holdings Corp, once the largest U.S. retailer, warned on Tuesday about its ability to continue as a going concern after years of losses and declining sales. | Video

Mar 17 2017

Caterpillar asks ex-U.S. att'y general to help address govt probe

March 17 Caterpillar Inc said it had retained former U.S. Attorney General William Barr as outside counsel and tasked him to help the company address an ongoing government investigation of its import and export practices.

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