Honda first-quarter operating profit drops 16% on lower U.S. car sales
Japan's Honda Motor Co reported a 16% drop in first-quarter operating profit on Friday, as a stronger yen weighed on overseas earnings and U.S. vehicle sales dropped.
Japan's Honda Motor Co reported a 16% drop in first-quarter operating profit on Friday, as a stronger yen weighed on overseas earnings and U.S. vehicle sales dropped.
Campbell Soup Co on Friday confirmed that it signed a deal to sell its Australian snacks unit Arnott's and some of its international operations to KKR & Co Inc for $2.2 billion as the U.S. company works on reducing debt.
Toyota Motor Corp cut its full-year profit forecast on Friday by nearly 6% on expectations a stronger yen will weigh on its bottom line, overshadowing its best quarterly performance in nearly four years.
U.S. job growth likely slowed in July after outsized gains in the prior month, with wages probably maintaining their moderate pace of increase, which could boost market expectations for another interest rate cut from the Federal Reserve next month.
Taiwan's Foxconn is exploring the sale of its upcoming $8.8 billion display panel factory in China, people familiar with the matter told Reuters, as demand for the product wanes amid an intensifying U.S.-China trade war.
U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world's largest economies and jolting financial markets.
Toyota Motor Corp posted on Friday an 8.7% rise in first-quarter profit due to a slight increase in global vehicle sales and an improvement in marketing costs
Cboe Global Markets Inc reported a 6.3% rise in quarterly profit on Friday, helped by an increase in revenue from options and futures trade.
Google will let Android device users in Europe choose their default search engine from four options, including Google search, the U.S. company said, as it tries to quash EU antitrust concerns and stave off fresh penalties.
Toyota Motor Corp cut its full-year profit forecast and Honda Motor Co reported a double-digit decline in quarterly profit as a resurgent yen hurt two of Japan's biggest automakers.
China will have to take countermeasures if the United States is bent on putting more tariffs on Chinese goods, the Chinese foreign ministry said on Friday.
British Airways owner IAG is in talks with Boeing to bring forward the first delivery of 200 737 MAX jets by a year to 2022, and said it was confident that the issues that led to its grounding would be addressed.
Oil prices rose around 2% on Friday, regaining ground after the biggest falls in years as U.S. President Donald Trump imposed more tariffs on Chinese imports, intensifying the trade war between the world's two biggest economies and crude consumers.
The U.S. Federal Aviation Administration said on Friday it had approved the first drone flight beyond the operator's sight line, a major advance for retailers like Amazon.com Inc seeking to speed up deliveries by drone.
A measure of stocks across the globe posted on Friday its largest weekly loss of the year while yields in U.S. and German debt were near or at multi-year lows, after China vowed to retaliate against a possible new round of U.S. tariffs.