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United States

Rachit Vats

Union Pacific cost cuts sheltered profit amid freight slowdown

Jul 18 2019

Union Pacific Corp on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised rates to overcome disruptions from record floods in the Midwest and ongoing U.S.-China trade tensions.

FAA says has no timetable for Boeing 737 MAX's return to service

Jun 12 2019

The Federal Aviation Administration said on Wednesday it does not have a specific timetable on when Boeing Co's troubled 737 MAX jet would return to service after two fatal crashes led to the airplane's worldwide grounding in March.

UPDATE 2-Toyota, Fiat Chrysler U.S. sales fall in April

May 01 2019

May 1 Toyota Motor Corp and Fiat Chrysler Automobiles NV on Wednesday reported a fall in U.S. auto sales for April, as rising prices, higher interest rates and reduced incentives kept away buyers.

GE cautious as profit rises, cash burn slows; shares, bonds rise

Apr 30 2019

General Electric Co said on Tuesday it generated more profit and lost less cash than expected in the first quarter, suggesting an improving outlook under its new leader that sent its shares and bonds higher. | Video

3M cuts 2019 profit outlook on weak China, shares fall 11 percent

Apr 28 2019

Shares of 3M Co fell 11 percent on Thursday after the U.S. manufacturing conglomerate cut its 2019 earnings forecast and said it would lay off 2,000 workers, citing worsening performance in high-growth markets such as China. | Video

Southwest Airlines says bookings strong even as 737 MAX grounded

Apr 25 2019

Southwest Airlines Co forecast better-than-expected second-quarter revenue growth on Thursday, citing demand from leisure and business customers, even though it is uncertain when its grounded Boeing 737 MAX jets will return to service.

Caterpillar slips as higher costs dent margins at construction business

Apr 24 2019

Caterpillar Inc spooked investors for a second straight quarter as rising costs hit margins in its construction equipment business and tepid sales in the Asia Pacific region pointed to continuing subdued growth in China.

Harley-Davidson points to tariff impact as Trump weighs in

Apr 23 2019

Harley-Davidson Inc stuck with a cautious outlook for 2019 on Tuesday that indicated its struggles with long-term competitive problems even as President Trump changed tune on the company, promising to stand up for it in global trade talks.

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