By Kannaki Deka (Reuters) -Industrial conglomerate 3M forecast full-year earnings below Wall Street estimates on Tuesday, saying the macro environment “remains muted” and sending its share[...]
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January 23, 2024
BP sees Trinidad deepwater gas project getting greenlight as soon as 2025
By Curtis Williams PORT OF SPAIN (Reuters) – BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy, to get the greenlight when a final[...]
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P&G’s strong margins take heat off annual profit forecast cut
By Ananya Mariam Rajesh (Reuters) – Procter & Gamble cut its annual profit forecast on Tuesday to reflect a writedown in the value of its Gillette business, but the company’s ability t[...]
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D.R. Horton Misses Profit Estimates on Higher Incentives; Shares Fall
By Ananta Agarwal (Reuters) -D.R. Horton Inc missed estimates for its first-quarter profit on Tuesday, as it offered higher incentives and cut base price on new homes to spur demand lagging due to hig[...]
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Halliburton tops profit estimates, upbeat on overseas growth
By Seher Dareen (Reuters) – Halliburton beat quarterly profit expectations on Tuesday, helped by strength in its drilling and evaluation business, especially in overseas markets, sending its sha[...]
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Defense firm Lockheed forecasts dour 2024 profit on supply chain woes
By Shivansh Tiwary and Mike Stone (Reuters) – Lockheed Martin forecast its 2024 profit below Wall Street expectations on Tuesday, as the U.S. defense contractor’s largest aeronautics segme[...]
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Stellantis CEO says Italy’s hard line on incentives is hurting output
ATESSA, Italy (Reuters) -Italy’s penny-pinching approach to incentives has meant several months of reduced automotive production, the head of Stellantis, the country’s sole major automaker[...]
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Ericsson warns of 2024 market decline despite Q4 earnings beat
By Supantha Mukherjee and Olivier Sorgho STOCKHOLM (Reuters) -Ericsson said it expects further decline in 5G gear demand from mobile operators this year including in key growth market India, after bea[...]
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BMW faces initial proceedings over defeat device in X3 model: Bild
BERLIN (Reuters) – Germany’s motor transport authority KBA has initiated proceedings against BMW over suspicion of manipulating emissions values in its X3 2-litre diesel model, newspaper B[...]
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