FedEx Profit Climbs But Misses Street View
FedEx's second-quarter profit climbed 14% amid stronger ground-shipping revenue, although its bottom line missed Wall Street estimates.
Honeywell Issues Tepid Outlook for 2014
Honeywell issued a tepid outlook for its 2014 profit and revenue, as the diversified manufacturer expects the economic environment next year to be similar to 2013’s climate.
Judge: Anadarko Liable in Kerr-McGee Case
Anadarko Petroleum is liable for more than $5.2 billion in a lawsuit connected to the oil producer’s 2006 acquisition of Kerr-McGee.
Dow Chemical Weighs Options for Commodity Chemicals
Dow Chemical is weighing strategic options for its commodity chemicals businesses, as the company forges ahead with plans to shed $3 billion to $4 billion worth of assets.
DuPont Sheds Glass Laminating Unit for $543M
DuPont reached a $543 million deal to sell its glass laminating and vinyls unit to chemicals company Kuraray.
Lockheed Martin to Slice 4,000 Jobs in Response to Defense Cuts
Lockheed Martin said it plans on slicing 4,000 jobs, or 3% of its workforce, to deal with declines in U.S. spending.
Tyco Swings to 4Q Profit, Hikes Dividend
Tyco swung to a profit in the fourth quarter, a year after the industrial conglomerate's results were impacted by the extinguishment of debt.
Mosaic Shells Out $1.4B to Buy Phosphate Business of CF Industries
The deal gives Mosaic control of four Florida phosphate facilities that produce about 1.8 million tons of the fertilizer a year.
Boeing Boosts Outlook Amid 12% Profit Growth
Boeing's profit jumped 12% in the third quarter, as the aerospace giant’s commercial aircraft unit outweighed softness at its defense business.
Caterpillar's Mining Woes Trigger 44% Profit Dive, Guidance Cut
Mining trouble sparked a drop in Caterpillar's earnings and prompted the equipment maker to slash its full-year guidance below estimates.
Kansas City Southern Posts Higher Quarterly Results
Kansas City Southern posted higher quarterly profit and revenue as the railroad saw improved shipments.
New York Manufacturing Hits Lowest Level Since May
The New York Fed's manufacturing index fell in October, widely missing estimates the gauge would rise from September levels.
Lockheed Martin Scores Army Deal Worth up to $4.1B
Lockheed Martin inked a contract valued at potentially as much as $4.1 billion to provide communications equipment and services to the U.S. Army.
United Tech Boosts Dividend By 10%
United Tech's board approved a 10% hike in the defense and aerospace giant’s fourth-quarter dividend.
Alcoa Overcomes Price Slump by Posting 3Q Beat
Alcoa posted adjusted 3Q profits of 11 cents a share, topping estimates. Shares climbed 2.6% in extended trading.
Lockheed Martin to Furlough 3,000 Workers Amid Shutdown
Lockheed Martin said it will furlough roughly 3,000 employees amid a continued government shutdown. Boeing also expects furloughs soon.
U.S. Factory Sector Expands at Fastest Clip Since '11
The American manufacturing sector grew at the fastest pace since April 2011 in September, surprising economists who the expansion to slow.
Joy Global Gives Gloomy '14 Guidance, Sees Increased Coal Headwinds
The mining equipment maker warned of an increasingly 'challenging' market amid a glut in coal supplies.
Toll Brothers Posts 24% Rise in Revenue, But Order Growth Slows
Toll Brothers reported a 24% rise in quarterly revenue but fell short of expectations as orders slowed.
Disaster Costs Fall 16% in 1H
Damage costs from natural and man-made disasters fell 16% to $56 billion in the first half of 2013, according to a report from Swiss Re.














