General Electric Co shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff's Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE's new CEO. | Video
Aug 15 General Electric Co shares fell as
much as 15% on Thursday after fraud investigator Harry
Markopolos, who blew the whistle on Bernard Madoff's Ponzi
scheme, said GE was concealing deep financial problems,
prompting a sharp rebuke from GE's new CEO.
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.
Boeing Co posted its largest-ever quarterly loss on Wednesday due to the spiraling cost of resolving issues with its 737 MAX, warning it may have to shut production of the grounded jet completely if it runs into new hurdles with global regulators getting its best-selling aircraft back in the air. | Video
U.S. weapons maker Raytheon Co on Thursday reported a better-than-expected second-quarter profit and raised its full-year profit and sales outlook, helped by higher sales of missiles and guns for naval ships, sending its stock up 3% premarket.
Hilton Worldwide Holdings Inc cut its full-year outlook for a key revenue measure on Wednesday, citing a slowing global economy which was weighing on spending plans of businesses, sending the U.S. hotel operator's shares down as much as 2.8%.
United Technologies on Tuesday raised its full-year sales and profit forecasts, aided by an increase in demand for its aircraft maintenance parts and services as airlines grapple with overworked planes due to the grounding of Boeing's MAX jets.
British billionaire Richard Branson will take Virgin Galactic public by year-end, giving it the much-needed funds to take on Jeff Bezos' Blue Origin in the race to space. | Video