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Caterpillar beats profit estimates, raises forecast

WallStreetReview
Caterpillar beats profit estimates, raises forecast
FILE PHOTO: A row of excavators are seen at the Caterpillar booth at the CONEXPO-CON/AGG convention at the Las Vegas Convention Center in Las Vegas, Nevada, U.S. March 9, 2017. REUTERS/David Becker/File Photo (Reuters) – Caterpillar Inc beat analysts’ estimates for first-quarter profit on higher sales of its construction and mining equipment in its biggest market North America. The heavy-duty... Read More

Boeing abandons 2019 outlook after 737 MAX groundings

WallStreetReview
Boeing abandons 2019 outlook after 737 MAX groundings
FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. REUTERS/Lindsey Wasson/File Photo (Reuters) – Boeing Co missed sharply-lowered Wall Street estimates for revenue and cashflow in the first quarter and suspended its 2019 outlook, as the world’s largest planemaker continued to suffer from the... Read More

AT&T misses revenue estimates as WarnerMedia, wireless unit disappoint

WallStreetReview
AT&T misses revenue estimates as WarnerMedia, wireless unit disappoint
(Reuters) – AT&T Inc missed Wall Street estimates for quarterly revenue on Wednesday, hit by lower-than-expected sales in its WarnerMedia unit as well as its wireless business, where it has cut prices to attract customers. FILE PHOTO: An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni/File Photo WarnerMedia, which includes Turner and premium TV channel... Read More

Domino’s same-store sales at company-owned U.S. outlets miss estimates

WallStreetReview
Domino’s same-store sales at company-owned U.S. outlets miss estimates
(Reuters) – Domino’s Pizza Inc missed Wall Street estimates for quarterly same-store sales growth in the United States on Wednesday, hurt by growing competition from food delivery startups and rival pizzerias. FILE PHOTO: A Domino’s Pizza restaurant is seen in Los Angeles, California, U.S. July 18, 2018. REUTERS/Lucy Nicholson/File Photo Same-store sales at company-owned U.S. outlets grew 2.1 percent –... Read More

Nasdaq reports rise in first quarter earnings

WallStreetReview
Nasdaq reports rise in first quarter earnings
FILE PHOTO: A view of the exterior of the Nasdaq market site in Times Square New York City, NY, U.S. April 25, 2017. REUTERS/Shannon Stapleton/File Photo NEW YORK (Reuters) – Nasdaq Inc on Wednesday reported a rise in first quarter profits on Wednesday as a pickup in the exchange operator’s non-transactional businesses, including market technology, helped offset a softer trading... Read More

Occidental offers to buy Anadarko in $57 billion deal, topping Chevron

WallStreetReview
Occidental offers to buy Anadarko in $57 billion deal, topping Chevron
FILE PHOTO: The Occidental Petroleum Corp headquarters is pictured in Los Angeles, California September 16, 2013. REUTERS/Mario Anzuoni (Reuters) – Oil and gas producer Occidental Petroleum Corp on Wednesday offered to buy rival Anadarko Petroleum Corp in a $57 billion deal, topping Chevron Corp’s agreement to buy Anadarko for $50 billion. Both cash-and-stock deals include Anadarko’s debt. Occidental’s $76 per... Read More

Older workers helped fuel recent U.S. growth. Can it last?

WallStreetReview
Older workers helped fuel recent U.S. growth. Can it last?
MILWAUKEE, Wis. (Reuters) – As a record-breaking economic expansion nears the decade mark, people like Marty Groth may determine whether it is forced into a lower gear. Patrick McHugh lectures to an information technology class at the Milwaukee Area Technical College in Milwaukee, Wisconsin, U.S., March 28, 2019. REUTERS/Howard Schneider Not long ago, the 60-year-old Groth found himself out of... Read More