United States

Rachit Vats

GE's CEO warns of negative industrial cash flow in 2019, shares drop

Mar 05 2019

General Electric Co's chief executive surprised investors on Tuesday by forecasting a net cash outflow from its industrial businesses this year mainly due to its ailing power-plant unit, a gloomy outlook that sent shares and bonds tumbling.

General Electric's modest gains, candor spark 'relief rally'

Jan 31 2019

General Electric Co beat estimates for sales and cash flow in the fourth quarter and said on Thursday it had reached a tentative deal to settle a subprime mortgage case with U.S. regulators, sending its shares sharply higher.

Nucor profit jumps on higher steel tariff, strong demand

Jan 29 2019

Nucor Corp handily beat fourth-quarter profit estimates, boosted by hefty tariffs on imported steel, and the company forecast first-quarter 2019 earnings to be stronger despite a fall in sheet prices and margins.

Caterpillar stock slides on profit miss, China sales forecast

Jan 28 2019

Caterpillar Inc on Monday missed quarterly earnings estimates, hurt by soft Chinese demand, higher manufacturing and freight costs, sending shares of the heavy machinery maker tumbling as much as 10 percent. | Video

Delta shares fall 10 percent on lowered outlook; drags down rivals

Jan 03 2019

Shares of Delta Air Lines Inc fell about 9 percent on Thursday, after the U.S. carrier warned fourth-quarter unit revenue would be slightly below its prior forecast due to the lower-than-expected improvement in last-minute fares booked by travelers.

Navistar raises truck delivery forecast; shares jump

Dec 18 2018

Navistar International Corp reported a better-than-expected quarterly profit and raised its truck delivery forecast for 2019 on Tuesday, sending its shares up about 20 percent.

Rising interest rates pinch U.S. auto sales, consumer confidence

Nov 01 2018

U.S. auto sales rose slightly in October, hit by rising interest rates and higher vehicle prices, and No.2 carmaker Ford Motor Co. warned of slipping consumer confidence, indicating sales volumes would continue to moderate in 2018.

General Electric reveals deeper regulatory probe, restructuring

Oct 30 2018

General Electric Co slashed its dividend on Tuesday, said it faces a deepening federal accounting probe and vowed to restructure its power unit, as new Chief Executive Larry Culp took his first steps to revive the struggling conglomerate. | Video

World News