Industrials

P&G Chief Adds Chairman Role

Procter & Gamble Co. said Chief Executive David S. Taylor has added the chairman title following the retirement of current executive chairman and former CEO A.G. Lafley.

Busy Day for IPOs on the Big Board

It’s IPO day at the NYSE with a food distributor, a payment solutions company and a maker of construction products all going public.

Boeing's 1Q Profit Hit by Tanker Charge

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.

United Technologies' 1Q Earnings Top Expectations

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.

P&G Posts 7% Drop in Quarterly Sales

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.

Post-It Notes Maker 3M's Sales Fall 2.2%

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's 1Q Profit Rises 6.3%

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.