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Reuters: Business News

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  1. Wall Street set to open higher after robust Coca-Cola, United Tech earnings
    Wall Street was set to open higher on Tuesday lifted by upbeat earnings from blue-chip companies including Coca-Cola and United Technologies, that soothed concerns over the pace of economic growth.
  2. Harley-Davidson cuts 2019 shipments forecast after sales slump
    Harley-Davidson Inc on Tuesday trimmed the forecast for shipments of its motorcycles in 2019 after worldwide sales in the second quarter slumped, hurt by higher tariff costs as well as weak demand in the United States.
  3. U.S. farmers look past trade fears to cash in on China's hog crisis
    It might seem an unlikely time for U.S. farmers to look to China for more business but the devastating impact of African swine fever on the Chinese pork industry is trumping concerns about trade wars and tariffs.
  4. Hasbro results beat on higher demand for 'Avengers: Endgame' toys
    Toymaker Hasbro Inc beat estimates for quarterly results on Tuesday, boosted by higher demand for action toys following the success of "Avengers: Endgame" and Magic: The Gathering collectible card game.
  5. Hasbro says additional tariffs may lead to higher product prices
    Toymaker Hasbro Inc said on Tuesday it would raise product prices if the United States imposes additional tariffs on Chinese imports.
  6. United Tech profit beats on higher demand for aircraft parts
    United Technologies Corp reported better-than-expected quarterly earnings and raised its full-year sales and profit forecasts on Tuesday, driven by an increase in demand for aircraft parts and spares.
  7. UTC sees extra $150 million sales boost from Collins deal
    United Technologies Corp expects its acquisition of aero parts maker Rockwell Collins to add an extra $150 million to full-year sales in 2019 and 15 cents per share to its profit, Chief Financial Officer Akhil Johri has told Reuters.
  8. Oil slips to around $63 as Iran concerns fade for now
    Oil slipped to around $63 a barrel on Tuesday as concerns faded for now that rising tensions in the Middle East would escalate and hit oil supplies, compounding the impact of a weaker demand outlook.