(Reuters) – Industrial conglomerate Honeywell International Inc raised its full-year profit and revenue forecasts on Thursday, after posting a quarterly results beat on strength in its aviation unit. Shares of the company, which makes everything from engines to cockpit components, were up 2.4% at $195.50 before the bell. Aviation suppliers such as Honeywell and General…
(Reuters) – U.S. electric and gas utility firm DTE Energy Co beat estimates for first-quarter profit on Thursday, as lower costs and upbeat performance of a unit that develops energy projects partially offset a decline in demand for electricity and gas. Unfavourable weather including warmer-than-usual winter and storms in certain states were seen pressuring earnings…
(Reuters) – Textron Inc beat estimates for first-quarter profit on Thursday, as higher sales of pricier business jets in Aviation segment helped offset the lower military helicopter revenues in Bell unit. Shares of the Cessna business jet maker rose ~1% in premarket trading. A stronger-than-expected demand for air travel has forced airlines to keep older…
MOSCOW (Reuters) – Russia does not intend to take the path of nuclear escalation in its standoff with the West over Ukraine but others should not test its patience, Russian foreign ministry spokeswoman Maria Zakharova said on Thursday. Her comments follow a flurry of warnings by senior Russian officials, including President Vladimir Putin, that Western…
(Reuters) -Drugmaker Merck & Co Inc on Thursday posted better-than-expected results for the first quarter on the strength of its blockbuster cancer immunotherapy Keytruda and human papillomavirus (HPV) vaccine Gardasil. Shares of the company rose 1.8% to $114.98 in premarket trading after the drugmaker raised its full-year forecasts for sales and earnings, citing strong global…
By David Alire Garcia MEXICO CITY (Reuters) – Chilean President Gabriel Boric’s pitch last week to enshrine greater state control over lithium is emerging as the latest test for the resource nationalism embraced by Latin America’s ascendant left but which has proven tough to implement in practice. While the former student protest leader’s proposal to…
(Reuters) – Hershey Co beat market expectations for quarterly sales on Thursday, boosted by price hikes and steady demand for its Kisses chocolates and Reese’s Peanut Butter Cups. The company’s net revenue rose to $2.99 billion in the first quarter from $2.67 billion a year earlier, while analysts on average expected $2.91 billion, according to…
(Reuters) – Southwest Airlines Co said on Thursday it expects “solid profits” in the current quarter on strong summer bookings, and flagged 20 fewer deliveries of the MAX jets this year from Boeing Co. The largest U.S. domestic airline, which reported a second-quarter loss due to a one-time charge owed to mass cancellations in December,…
By Paul Sandle LONDON (Reuters) – For all the thunder about Xbox versus PlayStation, it was the nascent cloud market that led to Britain’s surprise decision to block Microsoft’s record Activision Blizzard takeover. Microsoft has been working for months to satisfy concerns about the $69 billion deal raised by Britain’s Competition and Markets Authority (CMA),…
LONDON (Reuters) – The boss of Britain’s antitrust regulator said blocking Microsoft’s acquisition of ‘Call of Duty’ maker Activision Blizzard was the right decision for the UK after both companies said it sent the wrong message to the global tech industry. The Competition and Markets Authority (CMA) blocked the deal on Wednesday, saying it could…
