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Wall Street braces for tariff fallout as S&P 500 companies report

SAN FRANCISCO Tariffs are starting to bite big manufacturers and Wall Street could get another bout of caution and uncertainty from major industrial companies when a swath of reports comes in over the next week.

Recent Business News

Airbus CEO says eyes merger of its, BAE's jet fighter units: Sunday Times

LONDON The chief executive of Airbus said he was open to a merger of his firm's jet fighter business with that of BAE Systems , the Sunday Times reported.

4:55pm EDT

GE beats on EPS but trims cash flow target; shares fall

General Electric Co reported a smaller-than-expected drop in profit on Friday, but cut a key financial target, raising questions about its full-year outlook and sending shares sharply lower. | Video

Tech, Global Energy News Jul 20 2018

U.S. lawmakers cut anti-ZTE measure from defense bill

WASHINGTON U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on China's ZTE Corp, abandoning an attempt to punish the company for illegally shipping U.S. products to Iran and North Korea.

Ferrari picks Louis Camilleri as CEO, Elkann as chairman

MILAN Luxury sports carmaker Ferrari said on Saturday it had appointed board member Louis Camilleri as its new chief executive, replacing Sergio Marchionne who is seriously ill.

1:20pm EDT

Microsoft shares at all-time high after bumper results

Microsoft Corp shares rose about 5 percent to an all-time high on Friday, after investors cheered another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services. | Video

Jul 20 2018


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