General Motors (GM) on Tuesday said second-quarter deliveries in the US were down 1.5% year-over-year, weighed down by sharp declines in its Chevrolet brand. The automaker said it delivered 746,659 vehicles in the quarter, down from 758,376. Shares of GM were 1.1% lower in afternoon trading. GMC deliveries rose 9.8% to 151,700 vehicles and Buick gained 4.7% to 55,373. CadillacRead More
Shares of Hennes & Mauritz (HNNMY, HM.S, HMSB.F), the world’s second-biggest fashion retailer, surged as the firm reported a jump in sales for the fourth straight quarter, a signal that an upgrade of its logistical systems to transform the group’s supply chain is working. Net sales rose by 11% to 57.47 billion Swedish kroner ($6.20 billion) during the three monthsRead More
FactSet (FDS) raised its full-year earnings guidance on Tuesday as it posted better-than-expected results for its fiscal third quarter which was supported by higher sales of analytics and technology solutions. The Norwalk, Conn,-based company, which provides financial information and analytics, said it is now targeting revenue of $1.42 billion to $1.44 billion, compared with earlier guidance issued in March forRead More
HD Supply (HDS) shares dropped 6.5% in early trading as the industrial-distribution company cut its full-year guidance, even as fiscal first-quarter topped analysts expectations on Tuesday. The Atlanta-based firm said it now expects adjusted per-share earnings between $3.52 to $3.70 for its fiscal 2020, down from its previous view of $3.52 to $3.81. Net sales are projected between $6.25 billionRead More
Boeing’s (BA) training proposal for the 737 Max’s updated software includes computer lessons without mandated hands-on simulator training for pilots, CNN reported, citing sources. The aircraft maker drew flak from pilots and aviation consultants for only providing a short, self-administered online course and no simulator time. Prior to two accidents that killed more than 300 people, training requirements for 737Read More
Sprint (S) and T-Mobile US (TMUS) could announce this week certain concessions that will help the companies get US regulatory approvals for their planned $26.5 billion merger, Bloomberg News wrote Monday, citing people familiar with the matter. According to the sources, the concessions follow the companies’ talks with the Federal Communications Commission and include the sale of the firms’ prepaidRead More