Wall Street opens flat as weak oil prices offset earnings enthusiasm

(Reuters) – U.S. stocks opened flat on Monday as losses in energy shares due to lower oil prices offset gains in the financial sector after a robust quarterly report from Bank of America. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 6, 2018. REUTERS/Brendan McDermid The Dow Jones More...

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By admin On Monday, July 16th, 2018
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Brazil’s Embraer snags $1.1 billion order from United Airlines

SAO PAULO (Reuters) – Embraer SA (EMBR3.SA) has signed a firm order with United Airlines (UAL.N) for twenty-five 70-seat E175 jets, the Brazilian planemaker said on Monday, providing a boost to the company More...

By admin On Monday, July 16th, 2018
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Boeing, United Airlines announce order for four 787 dreamliners

FARNBOROUGH, England (Reuters) – United Airlines (UAL.N) said on Monday it would buy four new Boeing Co (BA.N) 787-9 widebody aircraft, a deal valued at about $1.1 billion at current list prices. FILE More...

By admin On Monday, July 16th, 2018
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BofA profit beats estimates on loan growth, lower expenses

(Reuters) – Bank of America Corp (BAC.N) reported quarterly profit above Wall Street expectations as the second-largest U.S. lender kept a tight leash on expenses and benefited from growth in loans and More...

By admin On Monday, July 16th, 2018
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BlackRock quarterly profit rises 25.6 percent

(Reuters) – BlackRock Inc (BLK.N), the world’s biggest asset manager, reported a 25.6 percent jump in quarterly profit on Monday, helped by higher investment advisory fees. FILE PHOTO: The BlackRock More...

By admin On Monday, July 16th, 2018
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GE Aviation CEO says changes at GE no constraint for his business

FARNBOROUGH, England (Reuters) – The overhaul at U.S. industrial giant General Electric Co (GE.N) is not a constraint for its aviation arm, “in fact I feel it’s the very opposite,” the head of GE More...

By admin On Monday, July 16th, 2018
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Stocks rise as earning expectations beat China growth fears

LONDON (Reuters) – European stock markets inched higher on Monday as expectations for a flurry of bumper corporate earnings and merger speculation outweighed fears about the escalating trade conflict between More...

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Britain to unveil model of new fighter jet, earmark funds: source

Farnborough, ENGLAND (Reuters) – Britain’s Defence Minister Gavin Williamson will unveil a model of the country’s proposed new fighter jet at the Farnborough International Airshow and earmark 2 billion More...

By admin On Monday, July 16th, 2018
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Goldman to formally name David Solomon next CEO early this week: NYT

(Reuters) – Goldman Sachs Group Inc (GS.N) is expected to name its president, David Solomon, its next chief executive officer early this week, the New York Times reported here on Sunday. David M. More...

By admin On Monday, July 16th, 2018
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Boeing kickstarts air show with order for jets worth $4.7 billion

(Reuters) – Boeing Co (BA.N) said on Monday it won an order for 14 777 Freighters for a value of $4.7 billion, firing the opening salvo against rival Airbus SE (AIR.PA) in a contest for business on day More...