FOX News: Business
FOXBusiness.com - Breaking news and video. Latest Current News: News, Investing, Technology, Personal Finance, Business Leaders, Travel, On Air, Small Business.
Updated: 14 min 50 sec ago
Northrop Grumman built the X-47B UCAS drone aircraft, the world's first full-size, aircraft carrier-capable, mid-air-refuelable military airplane.
The Hungarian forint weakened against the dollar Tuesday after the country's central bank lowered its benchmark interest rate to a record low.
Charter Communications has been playing the waiting game since last May, when it agreed to buy Time Warner Cable and privately held Bright House Networks.
Freeport-McMoRan Inc. reported a first-quarter loss that widened to $4.18 billion, or $3.35 a share, from $2.47 billion, or $2.38 a share, in the same period a year ago.
Source: NVIDIA Visual-computing company NVIDIA is on a tear.
In just one more day, we'll have a chance to dig into General Dynamics' numbers.
Home prices in 20 major U.S. metro areas rose 0.2% in February from the month prior on a non-seasonally-adjusted basis, according to the S&P/Case-Shiller home price index. The expectation was for an increase of 0.1%. From the same period a year prior, prices saw a 5.4% increase, slightly below expectations for a 5.5% rise.
The Commerce Department reports durable goods orders were up 0.8% in March from the prior month, coming in lower than the estimate for a rise of 1.8%. Take out the transportation component and orders decreased 0.2%. The estimate was for that part to increase by 0.5%.
Fiat Chrysler Automobiles on Tuesday reported a better-than-expected rise in first-quarter operating profit on strong North America performance and confirmed its full-year guidance.
IMAGE CREDIT UNSPLASH ON PIXABAY.
Dow component Procter & Gamble reported a 3Q profit of $0.86 per share, topping the estimate for $0.82. Revenue for the company came in at $15.8 billion, matching Wall Street expectations.
Diversified manufacturer 3M Co reported a 2.2 percent fall in quarterly revenue as sluggish economic growth in emerging markets including China hurt demand and a strong dollar eroded the value of sales from outside the United States.
Whirlpool posted a lower than expected quarterly net profit on Tuesday, as cost and capacity reductions were offset by soft demand in emerging markets and unfavorable currency exchange, the company said.
T-Mobile US reported a 10.6 percent rise in quarterly revenue as heavy discounts helped the No.3 wireless carrier attract more customers.
DuPont's first-quarter results beat Wall Street estimates and the chemicals and seed producer raised its full-year guidance as it sees lower currency impact than expected.
Crude futures edged up on Tuesday due to a weaker dollar and hopes for an easing of the global oil glut, although gains were capped by concerns that a battle for market share between Saudi Arabia and Iran could intensify further.
BP said on Tuesday it could cut capital spending further after reporting an 80 percent drop in profits in the first quarter of the year, when oil prices touched a near 13-year low.