United States

Rachit Vats

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

AutoNation misses revenue estimates on lower new vehicle sales; plans cost cuts

Oct 30 2018

AutoNation Inc reported lower-than-expected revenue on Tuesday, as the largest U.S. auto retail chain sold fewer new vehicles, and the company said it plans to scale back investment and overhead costs in 2019.

Southwest pledges revenue boost but no baggage fees

Oct 25 2018

Southwest Airlines Co will boost revenue without breaking its long-standing policy of no baggage fees, the company's CEO pledged on Thursday, after rising costs at the airline spooked investors and sent its shares into an 8 percent nosedive.

UPS profit gain overshadowed by trade war worries, shares fall

Oct 24 2018

United Parcel Service Inc reported a 20 percent rise in quarterly profit on Wednesday, but shares dropped 3.5 percent after it said the U.S. trade war with China contributed to disappointing international results.

Harley-Davidson's weak U.S. sales, shipment forecast weigh on shares

Oct 23 2018

Harley-Davidson Inc reported its steepest decline in domestic sales in eight years on Tuesday, and warned that motorcycle shipments for the year will be at the lower end of its forecast as it faces higher tariff-related costs.

Kansas City Southern profit soars, trade worry eases; shares climb

Oct 19 2018

Railroad operator Kansas City Southern's quarterly profit jumped 34 percent, even after network congestion crimped operations in Mexico, where it has extensive services.

Nucor profit miss, steel market oversupply worries dent shares

Oct 18 2018

Nucor Corp posted a quarterly profit short of analysts' forecasts on Thursday and investor concerns that the U.S. steel market may be grappling with oversupply, undermining President Donald Trump's tariffs on imported steel, sent the company's shares lower.

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