United States

Rajesh Kumar Singh

Caterpillar offers cautious outlook after punishing quarter; shares drop

Jul 31 2020

CHICAGO Caterpillar Inc on Friday predicted no improvement in equipment sales, an outlook that sent its shares down after second-quarter earnings sank during a crippling recession sparked by the coronavirus pandemic, which made customers wary of big purchases.

Pandemic pummels GE second-quarter earnings; shares sink 5%

Jul 29 2020

General Electric Co saw less cash outflow than estimated in the second quarter, even as the coronavirus pandemic pummeled demand in its aviation business, resulting in a wider-than-expected quarterly loss.

Harley-Davidson reboots business as coronavirus hammers earnings

Jul 28 2020

CHICAGO Harley-Davidson Inc on Tuesday reported an unexpected quarterly loss due to disruptions caused by the coronavirus pandemic, sending its shares sliding over 9% in morning trade.

Small Business Focus: Care Bears boost Florida toy importer, but he needs $10 million right away

Jul 28 2020

CHICAGO Florida's Basic Fun has seen a sharp pickup in business since coronavirus shutdowns started lifting in May, but the toy importer needs more cash to buy goods for the Christmas shopping season.

Harley-Davidson's results likely to reflect another quarter of coronavirus pain

Jul 24 2020

CHICAGO Harley-Davidson Inc will give investors next week a fresh look at the coronavirus pandemic's impact on operations and offer more details of plans to turn around 117-year-old motorcycle company that has been grappling with an aging customer base.

Coronavirus pandemic advances the march of 'cobots'

Jul 20 2020

CHICAGO While a resurgence in coronavirus cases in Texas has brought many businesses to a screeching halt, eight robots have kept All Axis Machining's metal fabrication facility in Dallas humming.

Harley-Davidson to cut hundreds of jobs as part of turnaround strategy

Jul 09 2020

CHICAGO Harley-Davidson Inc on Thursday said it will lay off 500 employees this year as part of new Chief Executive Jochen Zeitz's efforts to revive the struggling motorcycle maker.

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