Edition:
United States

Arunima Banerjee

GE delays third-quarter earnings by a week

Oct 12 2018

General Electric Co put off publication of its third-quarter results by almost a week on Friday to allow new Chief Executive Officer Larry Culp to complete business reviews and site visits.

TransDigm dives deeper into aero spare parts market with Esterline buy

Oct 10 2018

Aircraft parts supplier TransDigm Group Inc has agreed to buy smaller rival Esterline Technologies Corp for about $3.6 billion in its biggest-ever deal, as it seeks the heft to compete with Boeing Co and Airbus SE in after-sales plane servicing.

TransDigm dives deeper into aero spare parts market with Esterline buy

Oct 10 2018

Aircraft parts supplier TransDigm Group Inc has agreed to buy smaller rival Esterline Technologies Corp for about $3.6 billion in its biggest-ever deal, as it seeks the heft to compete with Boeing Co and Airbus SE in after-sales plane servicing.

D.R. Horton sees 2018 homes sales below estimates

Oct 09 2018

U.S. homebuilder D.R. Horton Inc on Tuesday forecast fiscal 2018 home sales and orders below Wall Street estimates, as rising home prices and mortgage rates hurt ordinary Americans' ability to borrow.

Lennar cuts forecast for orders, deliveries citing Hurricane Florence

Oct 03 2018

Lennar Corp , the No. 2 U.S. homebuilder, cut its forecast for fourth-quarter orders and deliveries on Wednesday, citing the impact of Hurricane Florence and sluggishness in the market.

General Electric replaces CEO with outsider; shares soar

Oct 01 2018

General Electric Co ousted Chief Executive Officer John Flannery in a surprise move on Monday, replacing him with outsider and board member Larry Culp, and said it would take a roughly $23 billion charge to write off goodwill in its power division, primarily from a large 2015 acquisition. | Video

GE tauscht Konzernchef aus - Milliarden-Abschreibung

Oct 01 2018

München General-Electric kommt nicht zur Ruhe. Der Siemens-Rivale wechselt nach nur 14 Monaten seinen Vorstandschef John Flannery aus. Sein Nachfolger wird Vorstandsmitglied Larry Culp.

U.S. fintech startup Stripe valued at $20 billion in latest funding round

Sep 26 2018

Payments startup Stripe said on Wednesday it has raised $245 million in funding, better positioning the company to expand to new markets globally and attract bigger customers.

Volkswagen to end production of the Beetle next year

Sep 14 2018

Volkswagen said on Thursday it would stop producing its Beetle compact car in 2019, ending a model that looked backward to the 1960s counterculture as the automaker prepares for a leap toward a future of mass-market electric cars. | Video

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