RTX swings to loss on Pratt engines issues, approves $10 billion share buyback program
(Reuters) – RTX reported a near billion dollar quarterly loss on Tuesday, as the aerospace supplier took a hit due…
Halliburton profit jumps 32% on higher global drilling demand
(Reuters) – Halliburton (NYSE:HAL) reported a 32% rise in third-quarter profit on Tuesday as higher international drilling and equipment demand…
Coca-Cola boosts FY outlook on resilient demand
Coca-Cola (NYSE:KO) reported stronger-than-expected Q3 results on Tuesday, sending its shares 2.6% higher. Adjusted EPS of $0.74 was better than…
Verizon raises free cash flow forecast as subscriber additions top estimates
(Reuters) – Verizon (NYSE:VZ) raised its annual free cash flow forecast on Tuesday as promotions and the U.S. wireless carrier’s…
Kimberly-Clark boosts profit target for third time as price hikes pay off
(Reuters) – Kimberly-Clark (NYSE:KMB) lifted its annual profit forecast for the third time this year after its quarterly profit beat…
Goldman Sachs CEO Anticipates M&A Recovery Despite Ongoing Profit Decline
Goldman Sachs CEO David Solomon expressed mixed sentiments about the current state of mergers and acquisitions (M&A) at the Future…
3M raises full-year profit forecast
(Reuters) – 3M Co on Tuesday raised its full-year adjusted profit forecast as it looks to benefit from cost-cutting measures…
GM withdraws 2023 guidance as UAW strike costs soar
(Reuters) – General Motors (NYSE:GM) on Tuesday withdrew its previous guidance for 2023 profits and near-term electric vehicle production as…
Dollar hits one-month low after US yields drop, euro wavers on weak data
(Reuters) – The dollar fell to a one-month low on Tuesday against its major peers after U.S. Treasury yields dropped,…
Analysis-Cash-rich Exxon, Chevron use stock for mega deals amid energy market jitters
(Reuters) – Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) are flush with cash yet their acquisition targets are taking stock as…