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Finance

The Dow's gains were powered by strong quarterly earnings from heavy-machinery manufacturer Caterpillar Inc. The Dow is up 113.13 points, or 0.5 percent. 3M jumped 7.2 percent and Caterpillar 4.7 percent after the two companies reported quarterly results and gave upbeat forecasts. That along with a 1.4 percent drop in Johnson & Johnson and a 2.5 percent decline in AbbVie made the healthcare index the worst performer among the S&P sectors.
  • Lockheed Martin Corporation (LMT) Analysts See $3.27 EPS

    Lockheed Martin Corporation (LMT) Analysts See $3.27 EPS

    Finance

    We have $283.42 PT which if reached, will make NYSE: LMT worth $8.07B less. Omnicom Group Inc. has a beta of 0.58, offering the possibility of a higher rate of return, but also posing more risk. For the most recent quarter, quick ratio was 0.9, current ratio was 1.2, LT Debt/Equity ratio was 11.29 and Total Debt/Equity ratio stands at 0, while Payout ratio is 0.411.
  • Challenges and Opportunities for Bank of America Corporation (BAC)

    Challenges and Opportunities for Bank of America Corporation (BAC)

    Finance

    Bank Amer Corp now has $288.56 billion valuation. The stock rose 0.42% or $0.11 reaching $27.28 per share. About 34.21 million shares traded. Bank of America Corp (NYSE: BAC ) has risen 58.64% since October 24, 2016 and is uptrending. The rating was maintained by Bank of America with "Sell" on Friday, June 23. As per Friday, July 28, the company rating was maintained by Oppenheimer.
  • CA: FAA Investigates Another Questionable Air Canada Landing at SFO

    CA: FAA Investigates Another Questionable Air Canada Landing at SFO

    Finance

    The landing was uneventful but it seems the Air Canada crew did not reply to radio transmissions nor to a so-called "red-light gun" alert used to communicate with planes when the radio fails. Controller: Air Canada 781 - go around. It follows an incident on July 7 at SFO when an Air Canada jet nearly struck planes on the ground after it lined up wrongly to land.
  • Delphi acquires autonomous driving specialist nuTonomy

    Delphi acquires autonomous driving specialist nuTonomy

    Finance

    Upon completion of the transaction, Delphi will have AD operations in Boston, Pittsburgh, Singapore, Santa Monica, and Silicon Valley. nuTonomy will continue to be based in Boston , where both companies now operate AMoD pilot programs. Automotive suppliers like Delphi and Bosch are just as heavily committed to self-driving technology as OEMs like General Motors, Tesla, and Volvo.
  • Equifax faces United Kingdom regulatory investigation over cyber attack

    Finance

    The Financial Conduct Authority (FCA) said on Tuesday that it was "investigating the circumstances surrounding a cybersecurity incident that led to the loss of United Kingdom customer data held by Equifax Ltd on the server of its U.S. Earlier this month , Equifax's recently departed CEO claimed the breach boiled down to a single employee not applying a patch for a vulnerability in Apache Struts - which was the attack vector used to breach its systems between May and July.
  • Sears And Whirpool Divorce After 100 Years

    Sears And Whirpool Divorce After 100 Years

    Finance

    It added that Whirlpool sales would continue until inventory is depleted. "We informed Sears in May we would no longer supply Whirlpool brand products [if] we could not reach terms that were acceptable to both parties", Whirlpool Chief Executive Marc Bitzer said on a call Tuesday morning with analysts and investors.
  • HDFC Bank Q2 Result : Profit up 20% YoY, meets market expectations

    Finance

    The country's second largest private sector lender reported a 22 per cent increase in net interest income year-on-year to Rs 9,752 crore, ahead of analysts' estimates. Income from provisions was said to be ₹1,476.20 crores, which included 1,078.80 crores worth provisions in special loan loss and ₹397.40 crores worth general and other provisions.
  • Major Fire at Building of Aishwarya Rai Bachchan's Mother

    Finance

    Aishwarya stays in Juhu with her husband now and the actress's mother Brinda Rai stays in the building on 12th floor. The reports also suggested that around eight fire-tenders were rushed to the spot to douse the blaze. The cause of the fire is yet not known. Her mother still stays on the 12th floor flat and it is only natural for Ash to be anxious about her mother's safety.
  • Lord & Taylor sells its flagship Manhattan store to WeWork

    Lord & Taylor sells its flagship Manhattan store to WeWork

    Finance

    Toronto-based HBC, which is under pressure from an activist shareholder to monetize its real estate, said Tuesday Rhone Capital, an investor in WeWork, is making a $632-million equity investment in HBC, which also owns its namesake stores and Saks Fifth Avenue.