A gauge of home-builder sentiment was unchanged in May, a sign of steady growth for the housing market.
SolarCity Corp reported a bigger quarterly loss as the residential solar panel installer's total operating expenses jumped 54 percent.
Dow component Boeing reported an adjusted 1Q profit of $1.74 per share, missing the estimate for $1.82. Revenue for the aerospace company came in at $22.6 billion, beating the estimate for $21.4 billion.
Dow component United Technologies reported an adjusted 1Q profit of $1.47 per share, topping the estimate for $1.39. Revenue for the company came in at $13.4 billion, also beating the estimate for $13.17 billion.
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.
Honeywell International posted a 6.3 percent rise in quarterly profit, helped by higher sales in its automation and climate control systems division, and the company raised the low end of its full-year earnings forecast.
General Electric reported growth in revenue and core earnings, though profit in its industrials business slid.
Democratic presidential hopeful Bernie Sanders has a message for Verizon (NYSE:VZ) management: you’re greedy.
Are you binge-watching 'Daredevil' or some other Netflix show? You’re not alone. Also this week, Chartman checks Boeing and CVS.
“Houston, we have a problem”….
Shares in BASF fell after a media report that the world's top chemicals group by sales was evaluating a counter bid for DuPont which late last year agreed to merge with Dow Chemical.
DowDuPont, the entity to be created by the merger of DuPont with Dow Chemical, said the chief executives of the two companies would get a combined $80 million in "golden parachute" payments after DowDuPont splits into three.
United Technologies disclosed merger talks with fellow aerospace component supplier Honeywell International but said a deal would "face insurmountable regulatory obstacles."
The averages are moving sideways until the market can figure out if it’s really Bear or Bull. Plus, we look at Deere and Facebook.
Deere & Co., the world's biggest seller of tractors and harvesting combines, pulled in its forecast for the year as the company continues to struggle with slumping farming and equipment markets.
Boeing's top executive reaffirmed on Wednesday the company's outlook for strong growth and cash flow over the next five years.
CSX on Wednesday said earnings in the current quarter will fall significantly as the railroad expects volume to decline in the mid-high single digits.
Indonesia's mining ministry on Tuesday recommended that Freeport McMoRan receive a new six-month copper export permit, potentially ending a near two-week stoppage after the previous permit expired last month.
Boeing Co. shares plunged Thursday following a media report that the Securities and Exchange Commission is probing the aerospace group's accounting methods on two of its jetliner programs.