Featured Reuters
Australia's Lynas Rare Earths' Q3 sales revenue falls 58%
FAA probes union claims Boeing retaliated against two engineers in 2022
WASHINGTON (Reuters) - The Federal Aviation Administration said Tuesday it is investigating claims by a union that Boeing retaliated against two employees who in 2022 insisted the planemaker re-evaluate prior engineering work on 777 and 787 jets.
Senators hope TikTok will remain in business in US under new owner
By David Shepardson WASHINGTON (Reuters) - Two U.S. senators said they hope TikTok will remain in business in the U.S. under a new owner as the chamber prepared to vote on Tuesday on legislation requiring Chinese owner ByteDance to divest the ...
Baker Hughes beats first quarter profit estimates
(Reuters) - Oilfield services firm Baker Hughes on Tuesday beat first-quarter profit estimates on higher international drilling demand. The company reported an adjusted profit of 43 cents per share for the quarter ended March 31, compared with ...
Seagate forecasts higher Q4 profit on boost from cloud customers
(Reuters) - Seagate Technology on Tuesday forecast fourth-quarter profit above Wall Street estimates after beating earnings estimates for the most recent quarter, driven by higher demand for its memory chips from cloud customers. Dublin, ...
Boeing, Spirit agree $425 million deal to address supplier's issues
(Reuters) -Spirit AeroSystems said Boeing would give it advance payments of $425 million and help it address issues like higher levels of inventory and lower cashflows after the U.S. aviation regulator capped the planemaker's 737 MAX production. The ...
UAW moving quickly after VW organizing win, union president says
By Nora Eckert DETROIT (Reuters) - United Auto Workers (UAW) President Shawn Fain is moving quickly in the union's sweeping organizing push at U.S. plants across more than a dozen automakers after clinching an historic victory at a Volkswagen ...
Mattel's quarterly loss smaller than expected as cost cuts pay off
By Granth Vanaik (Reuters) -Mattel posted a smaller-than-expected loss for the first quarter on Tuesday, helped by the Barbie maker's tight leash on costs while demand remains tepid for its toys. The toymaker has planned to exit less profitable ...
TI forecasts quarterly revenue above estimates on improving analog chip demand
(Reuters) -Texas Instruments forecast second-quarter revenue above Wall Street estimates on Tuesday, signaling an uptick in demand for its analog semiconductors, sending the chipmaker's shares up 5% in extended trading. The company's upbeat forecast ...
Visa results beat expectations on strong consumer spending trends
(Reuters) -Visa sailed past Wall Street estimates for second-quarter profit and revenue on Tuesday, as consumers shrugged off worries of a slowing economy and high interest rates to swipe cards on travel, entertainment and dining out. Shares of the ...
Tesla to launch new models ahead of planned timeline, shares jump
By Hyunjoo Jin and Akash Sriram (Reuters) - Tesla said on Tuesday it would introduce "new models" before the second half of next year, sending shares up nearly 9% in after-hours trading. Tesla's talk of new vehicles, which it said would include ...