United States

Sanjana Shivdas

Alcoa's profit beat fueled by rising alumina prices, shares rise

Oct 17 2018

Top U.S. aluminum producer Alcoa Corp reported a better-than-expected quarterly profit on Wednesday, as a series of supply hits boosted alumina prices.

Trump's tariffs on metals costs Ford $1 billion, CEO says

Sep 26 2018

Steel and aluminium tariffs imposed by the Trump administration has cost Ford Motor Co about $1 billion, its chief executive officer said on Wednesday.

Toll Brothers profit beats on robust demand for luxury homes

Aug 21 2018

Toll Brothers Inc topped estimates for quarterly profit and revenue on strong demand for its luxury homes, sending its shares up 12 percent in early trading and pushing other homebuilder stocks higher. | Video

Starwood Property to buy part of GE Capital's energy finance unit for $2.56 billion

Aug 08 2018

Starwood Property Trust Inc said on Wednesday it would buy the debt business and loan portfolio of GE Capital's energy finance unit for $2.56 billion, as it diversifies from commercial real estate.

Wynn Resorts settles with Elaine Wynn, names industry veteran vice-chairman

Aug 06 2018

Casino operator Wynn Resorts on Monday named industry veteran Phil Satre its vice-chairman, in a symbolic victory for largest shareholder Elaine Wynn, who has been pushing for changes at the company's board.

Arconic sharpens focus on aircraft parts, tops profit estimates

Jul 31 2018

Arconic Inc is selling its construction business after a months-long review of its operations, the diversified aluminum products company said on Tuesday, seeking to sharpen focus on its fast-growing aircraft parts business.

Demand for affordable homes fuel D.R. Horton profit beat, Pulte orders dip

Jul 26 2018

D.R. Horton , the biggest U.S. homebuilder, on Thursday forecast revenue growth for 2019 after topping Wall Street quarterly profit estimates, underscoring strong housing demand.

General Dynamics profit beats estimates on IT services demand

Jul 25 2018

General Dynamics topped Wall Street estimates for quarterly profit on Wednesday, as the maker of Gulfstream jets and U.S. Navy ships benefited from stronger demand at its combat systems and information technology businesses.

Lockheed Martin beats profit estimates, raises 2018 forecast

Jul 24 2018

Demand for Lockheed Martin Corp's F-35 jet once again helped company profit beat Wall Street's expectations on Tuesday and the No. 1 U.S. defense contractor raised its forecast for the rest of the year.

Alcoa shares fall as tariffs, energy costs weigh on forecast

Jul 19 2018

Shares of Alcoa Corp fell 11.8 percent on Thursday a day after the aluminum producer lowered its 2018 forecast for adjusted earnings before interest, tax, depreciation and amortization (EBITDA) citing recent U.S. trade tariffs.

World News

How the man behind Khashoggi murder ran the killing via Skype

He ran social media for Saudi Arabia's crown prince. He masterminded the arrest of hundreds of his country's elite. He detained a Lebanese prime minister. And, according to two intelligence sources, he ran journalist Jamal Khashoggi's brutal killing at the Saudi consulate in Istanbul by giving orders over Skype.