Business

Lockheed Martin profit rises 17 percent in third quarter, sees ’19 sales up 5-6 percent

(Reuters) – Lockheed Martin Corp (LMT.N), the Pentagon’s No. 1 weapons supplier, reported a 17 percent rise in quarterly profit on Tuesday, driven by increased production of its F-35 fighter jets. A RAF Lockheed Martin F-35B fighter jet taxis along a runway after landing at the Royal International Air Tattoo at Fairford, Britain July 8, 2016. REUTERS/Peter Nicholls/File Photo The ...

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Wall Street futures down on Saudi concerns, Caterpillar

(Reuters) – Wall Street was set to open sharply lower on Tuesday as disappointing earnings from industrial bellwethers Caterpillar and 3M piled on to concerns over Saudi Arabia’s diplomatic isolation, Italy’s finances and trade war fears. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2018. REUTERS/Brendan McDermid Shares of Caterpillar ...

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Verizon beats Wall Street estimates for profit, phone subscribers

(Reuters) – Verizon Communications Inc (VZ.N) on Tuesday beat Wall Street estimates for profit and net new phone subscribers, helped by the popularity of its promotional offers subsidizing Apple Inc’s (AAPL.O) latest iPhones. The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid The largest U.S. wireless carrier knocked ...

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Lockheed Martin profit rises 17 percent in third quarter

(Reuters) – Lockheed Martin Corp (LMT.N), the Pentagon’s No. 1 weapons supplier, reported a 17 percent rise in quarterly profit on Tuesday, driven by more production of F-35 fighter jets. A RAF Lockheed Martin F-35B fighter jet taxis along a runway after landing at the Royal International Air Tattoo at Fairford, Britain July 8, 2016. REUTERS/Peter Nicholls/File Photo Net income ...

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Exclusive: Airbus faces new jet delays at Hamburg plant – sources

PARIS (Reuters) – For two years Airbus faced a shortage of engines and had to slow jet deliveries. Now engines are arriving fast – but snags at a Hamburg plant where Airbus assembles best-selling jets is having trouble absorbing them, industry sources said. FILE PHOTO: An employee of Airbus works on a computer in a new A320 production line at ...

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Saudi Arabia hopes OPEC and allies will ink new cooperation deal in December

RIYADH (Reuters) – Saudi Arabia hopes OPEC and other oil producers will sign a deal in December to extend cooperation to monitor and stabilize the oil market, said the kingdom’s energy minister on Tuesday. Khalid al-Falih said at an investment conference in Riyadh that the oil market was in a “good place.” Reporting by Rania El Gamal, Writing by Alexander ...

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Saudi to sign deals worth $50 billion in oil, gas and infrastructure

RIYADH (Reuters) – Saudi Arabia started signing deals worth more than $50 billion in sectors including oil, gas and infrastructure at an investment conference in Riyadh on Tuesday. Companies involved in the deals included Trafigura, Total (TOTF.PA), Hyundai (011760.KS), Norinco (000065.SZ), Schlumberger, Halliburton (HAL.N) and Baker Hughes (BHGE.N), state television said. The deals include the establishment of a copper, zinc ...

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Johnson & Johnson makes $2.1 billion offer to buy out Japan cosmetics firm Ci:z

TOKYO (Reuters) – U.S. healthcare conglomerate Johnson & Johnson (JNJ.N) said on Tuesday it will buy all outstanding shares of Japanese skincare firm Ci:z Holdings Co Ltd (4924.T) that it does not already own for 230 billion yen ($2.05 billion) in cash. FILE PHOTO: A Johnson & Johnson building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake/File ...

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