BRISTOL, Conn. _ Barnes Group Inc. on Friday reported second-quarter earnings of $33.2 million. Barnes Group expects full-year earnings in the range of $2.46 to $2.56 per share. Barnes Group shares have risen nearly 4 percent since the beginning of the year. » Read More
Boeing reported its first quarterly loss in nearly seven years, hit by charges related to the 787, 747 and KC-46 tanker aircraft programs.
NEW YORK— Boeing, absorbing billions in write-downs related to two of its newest commercial jets and a military fuel tanker, reported its first quarterly loss in nearly seven years. Yet revenue for the Chicago aerospace giant rose 1 percent to $24.8 billion, and company shares rose steadily before the opening bell Wednesday. Charges totaling $3 billion before...
CNBC's Phil LeBeau breaks down Boeing's quarterly results which reported a loss of $0.44 versus $0.92) estimate on revenues of $24.8 billion.
North Korea's foreign minister said the United States had destroyed the possibility of a nuclear-free Korean peninsula, Yonhap reported
The Solar Impulse 2 has landed more than a year after its initial take off, completing the first round-the-world flight powered by solar energy.
A potential President Donald Trump would be almost as painful for Asia as for his usual whipping boy, Mexico, Nomura has warned.
BEIJING— An official news agency says China has unveiled the world's largest amphibious aircraft that Beijing plans to use for marine missions and fighting forest fires. The Xinhua News Agency said the AG600 rolled off a production line in Zhuhai in southern China on Saturday. Last week, a Cessna 208 B seaplane making its inaugural flight in China crashed into a...
American Airlines Group Inc., up $1.40 to $36.36. Boston Beer Co., up $25.42 to $190.16. Boeing Co., down 6 cents to $133.47.
Hawaiian Airlines CEO Mark Dunkerley discusses fears of travel, the success of his airline company in the Asia market, and travel to Hawaii.
*Cuts 2016 sales view to $40- $40.6 bln from $40.3- $40.9 bln. *To "stay conservative" with Europe investments post Brexit. The company also said Britain's vote to leave the United Kingdom could weigh on economic growth in both regions long term and that it would "stay conservative" in terms of investments in the region that accounted for 22 percent of its 2015 sales.
The company's shares dropped more than 2.4 percent to $115.80 in premarket trading on Friday. Honeywell lowered it 2016 sales forecast to $40.0- $40.6 billion from $40.3- $40.9 billion, slightly short of analysts average estimate of $40.64 billion, according to Thomson Reuters I/B/E/S. The company's revenue rose 2.2 percent to nearly $10 billion in the second...
July 22- Cessna aircraft maker Textron Inc reported a 6 percent rise in second-quarter profit on Friday, helped by strong demand for business jets. The company's net income rose to $177 million, or 65 cents per share, in the second quarter ended July 2, from $167 million, or 60 cents per share, a year earlier. Total revenue rose 8.1 percent to $3.51 billion.
July 22- Honeywell International Inc, a U.S. manufacturer of aerospace parts and climate control systems, reported a 7.4 percent rise in quarterly profit, helped by strength in its automation and control solutions business. Net income attributable to Honeywell rose to $1.28 billion, or $1.66 per share, in the second quarter ended June 30, from $1.19 billion, or...
July 21- Boeing Co's second-quarter results will include more than $2 billion in charges related to the 787, 747 and KC-46 tanker aircraft programs, the aerospace and defense company said on Thursday. The combined charges of $2.05 billion address high-profile problems such as dwindling demand for very large planes like the 747 and a hangover of nearly $30...
July 21- Boeing Co said on Thursday it will take more than $2 billion in accounting charges related to the 787, 747 and KC-46 tanker aircraft program when it reports second-quarter results on Wednesday. The 787 charge totals $847 million after tax, or $1.33 a share, and stems from two test aircraft that Boeing said were substantially modified and remain unsold.
July 21- Boeing Co said on Thursday that it will take more than $2 billion in accounting charges related to the 787, 747 and KC-46 tanker aircraft program for the second quarter.
Southwest Airlines is investigating technical issues impacting all its online platforms, the company tweeted on Wednesday.
WASHINGTON— NASA is celebrating a 29- cent Pluto-themed postage stamp stuck to the side of the New Horizons spacecraft that has traveled nearly 3.5 billion miles from Earth. NASA says the 1991 stamp that carried the message "Pluto Not Yet Explored" helped inspire the New Horizons team. The team stuck it to the spacecraft shortly before it launched in January 2006,...
CNBC speaks to the people behind both NetJets and VistaJet about the impact Brexit will have on their business.
North Korea says its ballistic missile test simulated strikes against South Korean ports and airfields used by the U.S. military.
The business world has seen numerous individuals put their marriages, careers and good standing at risk for an extramarital dalliance. CNBC.com presents a list of people who went outside of their marriages for intimate relationships.
A top U.S. general in Afghanistan is now under investigation, with CNBC's Eamon Javers. Jeremy Kroll, K2 Intelligence, and Julian Sanchez, Cato Institute, also discuss cyber security.
CNBC's Jane Wells takes a look at the rise of women in companies that used to be dominated by men.