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Category: topnews

Jan 30
2019

Boeing speeds 787 line to prepare for output of 14 jets a month

SEATTLE/PARIS (Reuters) – Boeing (NYSE:BA) Co has started boosting 787 Dreamliner production to 14 jets a month from 12, Chief Executive Dennis Muilenburg said on Wednesday, putting the U.S. planemaker within reach of a key target designed to boost cash and lower costs. It expects to complete the increase in production in the second quarter, […]

Jan 30
2019

Cruise Companies Rise Midday After Royal Caribbean Earnings Beat

Investing.com – Cruise companies rode the wave on Wednesday as positive earnings outlook for Royal Caribbean Cruises (NYSE:RCL) helped drive the sector higher in midday trading. Royal Caribbean jumped 6.6% after it reported adjusted earnings per share of $1.53 on revenue of $2.33 billion. The company forecast its first-quarter net yield to increase 7.5% to 8%, which is key […]

Jan 30
2019

AT&T's wireless customer growth slows, revenue misses estimates

By Sheila Dang and Akanksha Rana (Reuters) – AT&T Inc (NYSE:T) reported slower wireless customer growth and larger declines in its pay-TV business than Wall Street expected, sending its shares down 4 percent on Wednesday. The second-largest U.S. wireless carrier by subscribers has turned its focus to paying down debt after spending $85 billion to […]

Jan 30
2019

Luxury stocks may yet lose luster despite China's taste for Vuitton

By Sarah White PARIS (Reuters) – Even if LVMH is right that Chinese demand is as strong as ever for items like its $3,150 Louis Vuitton mini-backpacks, there are still plenty of danger signs for luxury stocks this year, from slowing U.S. growth to a drop in Swiss watch exports. LVMH’s reassuring fourth-quarter performance and […]

Jan 30
2019

Offtakers face challenge as Asia demand lags surging U.S. LNG output

By Sabina Zawadzki VIENNA (Reuters) – Surging production of U.S. liquefied natural gas (LNG) and slower growth of demand in Asia this year could leave companies that have committed to long-term purchase contracts struggling to find markets. Several European and Asian utilities have signed up to long-term deals for U.S. LNG that last 10 to 15 years. […]

Jan 30
2019

Boeing shares soar on profit, aircraft forecast

By Ankit Ajmera and Eric M. Johnson (Reuters) – Boeing (NYSE:BA) Co raised its profit and cash flow expectations for 2019 on Wednesday, sending shares up more than six percent amid a boom in air travel and speedier 737 production. Chicago-based Boeing said it expects to deliver between 895 and 905 commercial aircraft in 2019, […]

Jan 30
2019

Amazon.com Rises 3%

Investing.com – Amazon.com (NASDAQ:AMZN) rose by 3.09% to trade at $1,643.18 by 11:35 (16:35 GMT) on Wednesday on the NASDAQ exchange. The volume of Amazon.com shares traded since the start of the session was 2.21M. Amazon.com has traded in a range of $1,619.68 to $1,647.40 on the day. The stock has traded at $1,683.4800 at […]

Jan 30
2019

Intel offered up to $6 billion for Israel's Mellanox: reports

TEL AVIV (Reuters) – U.S. chipmaker Intel Corp (NASDAQ:INTC) has bid $5.5-$6 billion in cash and stock to buy Israel’s Mellanox Technologies, Israeli media reported on Wednesday. A $6 billion offer would represent a 35 percent premium to the last closing price of Mellanox on Nasdaq, the Calcalist financial news website said. Based in Yokneam, Israel, Mellanox […]

Jan 30
2019

Germany wants to build up 5G network quickly but also securely: Economy Ministry

BERLIN (Reuters) – Germany wants to build up a 5G network quickly but also securely, a spokeswoman for the Economy Ministry said on Wednesday, when asked about concerns over the use of technology from China’s Huawei. “It is important that the high data security standards can be ensured,” she said. Huawei faces international scrutiny over […]

Jan 30
2019

Volkswagen aims to open e-vehicle platform to competitors: Tagesspiegel

BERLIN (Reuters) – Volkswagen (DE:VOWG_p) is in advanced talks with competitors over opening its modular MEB platform for the mass production of electric vehicles to rivals, German paper Tagesspiegel on Wednesday cited the VW brand’s strategy chief as saying. Volkswagen wants its modular car platform to become “a standard not only for the VW group”, […]