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Updated: 14 min 12 sec ago

Ryanair warns of job losses as 737 MAX delivery date slips

Tue, 01/28/2020 - 8:26am
Ryanair has warned pilots of possible base closures and job cuts as the date for delivery of its first 10 of Boeing's grounded 737 MAX aircraft slipped into the autumn. In a memo dated Jan. 27 seen by Reuters, the low-cost airline said Boeing would not deliver the first aircraft until September or October at the earliest, as Ryanair does not take deliveries during its peak summer months of June, July and August.

UTC says Collins 2020 profit to be hurt mainly due to MAX grounding

Tue, 01/28/2020 - 8:24am
United Technologies Corp Chief Financial Officer Neil Mitchill said he expects 2020 operating profit at the U.S. aircraft parts maker's Collins Aerospace unit, its biggest, to be hurt largely due to the grounding of Boeing Co's 737 MAX aircraft.

Wall Street set to recover after turbulent Monday

Tue, 01/28/2020 - 8:14am
U.S. stock indexes were on track to recover on Tuesday after the S&P 500 suffered its worst day in nearly four months in the previous session on fears that a coronavirus outbreak could hit global economic growth.

Lockheed Martin beats estimates, raises sales forecast on higher F-35 deliveries

Tue, 01/28/2020 - 8:02am
Lockheed Martin Corp reported a better-than-expected quarterly profit on Tuesday and forecast 2020 revenue above analysts' estimates, as the Pentagon's No.1 weapons supplier benefited from heightened geopolitical tensions in the Middle East.

McDonald's heats up breakfast war with new chicken sandwiches

Tue, 01/28/2020 - 7:43am
McDonald's Corp will add chicken sandwiches to its breakfast menu at all of its U.S. restaurants, the world's largest burger chain said on Tuesday, to fend off competition from Chick-Fil-A and Popeyes Louisiana Kitchen .

Pfizer profit misses as breast cancer drug sales fall short of estimates

Tue, 01/28/2020 - 7:42am
Pfizer Inc posted a quarterly profit on Tuesday that came in below Wall Street estimates, as sales of breast cancer drug Ibrance fell short of expectations.

UK grants Huawei a limited 5G role

Tue, 01/28/2020 - 7:41am
Prime Minister Boris Johnson on Tuesday granted China's Huawei a limited role in Britain's future 5G mobile network, a choice that risks damaging relations with the United States which fears China could use the company to steal Western secrets.

Reaction to UK allowing Huawei a role in 5G network

Tue, 01/28/2020 - 7:40am
Britain will allow "high risk vendors" like Chinese telecoms giant Huawei [HWT.UL] a limited role in building its 5G networks, the government said on Tuesday.

Lockheed Martin quarterly profit rises 19.6%

Tue, 01/28/2020 - 7:38am
Lockheed Martin Corp , Pentagon's No.1 weapons supplier, reported a 19.6% rise in quarterly profit on Tuesday, helped by increased demand for its F-35 combat jets.

Airbus agrees to settle corruption probes with France, UK, U.S.

Tue, 01/28/2020 - 7:10am
Airbus faces billions of dollars of fines after agreeing in principle to a settlement with French, British and U.S. authorities following a crippling three-year investigation into allegations of bribery and corruption.

3M forecast 2020 profit below estimates on weak Asia demand

Tue, 01/28/2020 - 7:09am
U.S. industrial giant 3M Co forecast 2020 profit below expectations and narrowly missed quarterly revenue estimates on Tuesday, as it faces sluggish demand in Asia, its largest market outside the United States, sending its shares down 2.4%.

Services in spotlight after Apple stock market value hits $1.4 trillion

Tue, 01/28/2020 - 7:04am
When Apple Inc posts quarterly results on Tuesday, investors will be looking for fresh evidence the iPhone maker should be treated as a producer of high-margin, subscription services after its stock market value touched $1.4 trillion and its earnings multiple trades at decade highs.

Pfizer posts 9% fall in fourth-quarter revenue

Tue, 01/28/2020 - 6:54am
Pfizer Inc reported a 9% drop in fourth-quarter revenue, hurt by intense competition for its pain treatment Lyrica that lost patent protection last year.

Factbox: Return to Paris - De Meo set to take the wheel at Renault

Tue, 01/28/2020 - 6:47am
Renault's board is expected to meet later on Tuesday to approve the nomination of Luca de Meo, the former head of Volkswagen's Seat brand, as its next chief executive.

3M to cut 1,500 jobs, profit falls 28%

Tue, 01/28/2020 - 6:43am
U.S. industrial giant 3M Co reported a 28% fall in quarterly profit on Tuesday due to restructuring and litigation charges and said it would cut 1,500 jobs globally as it looks to reduce costs.

Xerox fourth-quarter revenue falls

Tue, 01/28/2020 - 6:38am
Xerox Holdings Corp , which is locked in a battle to take over HP Inc , posted a fall in quarterly revenue on Tuesday as more businesses digitized their paperwork, hurting demand for printers and photocopiers.

Facebook, HSBC and others curb travel to China as warnings grow

Tue, 01/28/2020 - 5:57am
Facebook Inc and other global companies including LG Electronics Inc and HSBC are restricting travel to China, as the death toll from a flu-like virus rose above 100 on Tuesday.

Goldman says staff with mainland China exposure should avoid office

Tue, 01/28/2020 - 5:50am
Goldman Sachs has instructed staff who have been in mainland China to work from home or be out of the office for 14 days since they were last there, according to an internal notice.

Johnson's choice: Britain faces policy test over Huawei 5G role

Tue, 01/28/2020 - 5:37am
Prime Minister Boris Johnson will decide if China's Huawei should have a role in Britain's future 5G mobile network on Tuesday, a choice that risks damaging relations with the United States or China on the eve of Brexit.

Renault poised to name VW manager De Meo as CEO: sources

Tue, 01/28/2020 - 5:27am
Renault's board is set to meet later on Tuesday to approve the nomination of Luca de Meo, the former head of Volkswagen's Seat brand, as its next chief executive, two sources familiar with the matter said.