Shreyasee Raj

U.S. regulator rejects Canadian National's voting trust to buy Kansas City Southern

Aug 31 2021

The U.S. rail regulator on Tuesday rejected a voting trust structure that would have allowed Canadian National Railway Co to proceed with its $29 billion proposed acquisition of U.S. peer Kansas City Southern.

Booking revenue triples on travel demand boost from U.S., Europe

Aug 05 2021

(Corrects quote in paragraph 7 to remove reference to use of alternative accommodation more than hotels)

Raytheon raises 2021 profit forecast on commercial aerospace strength

Jul 27 2021

(Reuters) -U.S. aerospace manufacturer Raytheon Technologies Corp on Tuesday raised its full-year profit forecast and beat quarterly expectations on the back of higher demand for its commercial engines, spare parts and aftermarket services.

Homebuilder D.R. Horton slips on bleak order forecast

Jul 22 2021

(Reuters) -Largest U.S. homebuilder D.R. Horton Inc said on Thursday it expected current-quarter orders to be even lower than the third quarter as it limits new bookings amid a slowdown in homebuilding due to high material and labor costs.

Lithia Motors posts record results, warns profit margin may fall next year

Jul 21 2021

(Reuters) -Lithia Motors Inc reported record quarterly results on Wednesday, helped by robust demand for personal vehicles, but the U.S. auto retailer warned that profit margin will likely reduce by early 2022 as the supply of vehicles normalizes.

AutoNation tops earnings estimates, expects new vehicle demand to stay strong

Jul 19 2021

(Reuters) -AutoNation Inc said it expects strong demand for new vehicles to continue into next year, as low-interest rates and robust demand helped the top U.S. auto retailer trounce quarterly earnings estimates.

United Auto Workers President Rory Gamble to retire at end of June

Jun 25 2021

The United Auto Workers (UAW) on Friday said President Rory Gamble will retire at the end of June, a year before completing his tenure, after steering the union through a multiyear federal corruption investigation.

Deere raises earnings forecast, flags production risks

May 21 2021

(Reuters) -Deere & Co on Friday raised its full-year earnings on buoyant demand for farm and construction machines, but warned a global shortage of semiconductor chips posed a "significant" risk to its production schedule. | Video

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