Edition:
United States

Ankit Ajmera

Boeing slashes jet output, eyes factory shake-up as COVID-19 hammers sales

Jul 30 2020

Boeing Co slashed production of its biggest twin-engined jets, delayed its new 777X by up to a year and began sunsetting the iconic 747 as it posted a bigger-than-expected quarterly loss dominated by the COVID pandemic on Wednesday. | Video

U.S. housing bounce drives D.R. Horton profit beat, bullish outlook

Jul 28 2020

D.R. Horton on Tuesday reported a better-than-expected quarterly profit and forecast current quarter revenue above estimates, as record-low mortgage rates and a shift towards suburban living caused by the coronavirus crisis boosted sales.

Cost controls power Honeywell's profit beat as aerospace sales fall

Jul 24 2020

Honeywell International Inc on Friday reported a better-than-expected quarterly profit as cost controls and higher demand for its warehouse automation equipment helped cushion a sharp decline in its main aerospace business.

PulteGroup sees boost to 2020 sales from low mortgage rates, flight to suburbs

Jul 23 2020

PulteGroup on Thursday forecast strong full-year sales after reporting better-than-expected quarterly profit and orders as record-low mortgage rates and a shift towards suburban living amid the coronavirus crisis propped up interest in homebuying.

Low Fed rates, flight to the suburbs set to boost U.S. homebuilders

Jul 21 2020

U.S. homebuilders are expected to report a sharp rebound in sales and orders for the second quarter as record-low mortgage rates and the working-from-home changes brought on by the coronavirus encourage more Americans to move to less crowded suburbs.

Boeing 737 MAX cancellations top 350 planes in first half of 2020

Jul 14 2020

Boeing Co customers canceled orders for 355 of its 737 MAX jets in the first half of 2020, the U.S. planemaker said on Tuesday, as the damage done by the jet's grounding and the coronavirus crisis to the airline industry continued to mount.

Boeing 737 MAX cancellations top 350 planes in first half of 2020

Jul 14 2020

Boeing Co customers canceled orders for 355 of its 737 MAX jets in the first half of 2020, the U.S. planemaker said on Tuesday, as the damage done by the jet's grounding and the coronavirus crisis to the airline industry continued to mount.

Boeing 737 MAX cancellations top 350 planes in first half of 2020

Jul 14 2020

July 14 Boeing Co customers canceled orders for 355 of its 737 MAX jets in the first half of 2020, the U.S. planemaker said on Tuesday, as the damage done by the jet's grounding and the coronavirus crisis to the airline industry continued to mount.

Automakers laud U.S. consumer 'resilience' despite COVID-19 hit to sales

Jul 01 2020

Major automakers posted lower U.S. monthly or quarterly new vehicle sales on Wednesday due in large part to weak fleet orders, but said consumer demand remained robust despite the ongoing coronavirus pandemic.

Automakers rev up discounts to beat coronavirus sales blues

Jun 29 2020

In the midst of a raging pandemic, Belal Bilto, 26, a sales executive and a Manhattan resident bought a midsize pickup Jeep Gladiator this month for just over $48,000, lured by a discount of about $5,000 on the list price and a seven-year, no-interest loan.

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