Shares of Caterpillar fell on Friday after reporting a revenue miss in the fourth quarter, citing “global economic uncertainty.” Industrial giant’s quarterly earnings came in at $2.63 per share adjusted, compared to an estimate of $2.37 per Refinitiv. However, its revenue fell 8% year-over year to $13.144 billion, below the estimate of $13.412 billion. CEO […]
Tag: Breaking News: Business
Russia closes China border as outbreak tops 7,900
Passengers wear face masks to protect against the spread of the Coronavirus as they arrive on a flight from Asia at Los Angeles International Airport, California, on January 29, 2020. Mark Ralston | AFP | Getty Images All times below are in Eastern time. 8:15 am: Cruise ship hold 6,000 passengers near Italy Costa Cruises […]
United Airlines cuts some China flights as demand falls amid coronavirus
United Airlines on Tuesday said it is canceling dozens of China flights next month because of a “significant decline in demand” for service to the country as it battles the growing number of coronavirus cases. The Centers for Disease Control and Prevention on Tuesday recommended travelers avoid all nonessential travel to China while the Trump […]
Bath & Body Works could see soap sales surge as coronavirus spreads
Roberto Machado Noa | LightRocket | Getty Images Bath & Body Works owner L Brands could be poised to benefit from an increase in sales of its soaps and hand sanitizers as consumers try to protect themselves from the spread of the deadly coronavirus, an analyst said Monday. The retailer “could experience (and meet) a […]
‘Bad Boys For Life,’ ‘1917’ top $100 million at domestic box office
Will Smith and Martin Lawrence’s third flip as Mike Lowrey and Marcus Burnett continued to realize steam on the field workplace this weekend. “Bad Boys For Life” remained the top-grossing flick on the home field workplace for the second week in a row, hauling in $34 million. The movie has grossed $120.6 million […]
Third US case of coronavirus confirmed in California: health officials
The third U.S. case of the brand new coronavirus has been confirmed in Orange County, California, the OC Health Care Agency’s Communicable Disease Control Division introduced in a press launch Sunday. “The OC Health Care Agency’s (HCA) Communicable Disease Control Division obtained affirmation from the Centers for Disease Control and Prevention (CDC) this night […]
Hong Kong leader declares citywide virus emergency over coronavirus
Lam introduced a package deal of measures aimed toward limiting the Asian monetary hub’s connections to mainland China. Flights and excessive velocity prepare journeys between Hong Kong and the Chinese metropolis of Wuhan shall be halted, and annual official Lunar New Year celebrations for town have been scrapped. Hong Kong well being authorities have confirmed […]
American Airlines (AAL) earnings Q4 top expectations
The Fort Worth-based service on Thursday posted internet earnings of $414 million for the final three months of 2019, up greater than 27% from a yr earlier. Revenues rose 3.4% to $11.31 billion, simply above Wall Street expectations. American reported earnings per share of $1.15 on an adjusted foundation, a penny larger than analysts’ […]
Airbus, Nasdaq to create derivative trading for airline tickets
Just like airline corporations use oil futures to hedge towards the volatility in gas prices, they are going to quickly have the ability to do the identical with the swings in ticket fares, which fluctuate drastically throughout holidays, occasions and totally different climate. The London-based platform Skytra will allow airways to handle its […]
‘We have it totally under control’
“We have it completely beneath management,” Trump informed “Squawk Box” co-host Joe Kernen in an interview from the World Economic Forum in Davos, Switzerland. “It’s one individual coming in from China. We have it beneath management. It’s going to be simply advantageous.” The CDC on Tuesday mentioned a Snohomish County, Washington state, resident who […]
