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Autos Motorcycles

  • Polaris CEO: Motorcyle business an important contributor to Q2 results

    Polaris CEO Scott Wine discusses the company's quarterly earnings and the focus on the motorcyle side of the business.

  • LONDON/ FRANKFURT/ MILAN, July 20- Italy's Benetton family is vying with motorbike firms and buyout funds for control of Italian motorcycle brand Ducati, which is being sold by Germany's Volkswagen, sources involved in the process told Reuters. Volkswagen, whose Audi division controls Ducati, has received several tentative bids with the Benetton family's...

  • WASHINGTON, July 20- The Justice Department said on Thursday it had dropped a requirement that Harley-Davidson Inc should spend $3 million to reduce air pollution as part of a settlement that the Obama administration had announced in August. Last year, the Milwaukee- based motorcycle maker agreed to pay a $12 million civil fine and stop selling illegal...

  • WASHINGTON, July 20- The Justice Department on Thursday announced it has dropped a requirement that Harley-Davidson Inc spend $3 million to reduce air pollution as part of a settlement the Obama administration announced in August. Last year, the Milwaukee- based motorcycle maker agreed to pay a $12 million civil fine and stop selling illegal after-market...

  • WASHINGTON, July 18- The U.S. Justice Department is expected to announce this week it is dropping a requirement that Harley-Davidson Inc spend $3 million to reduce air pollution as part of a settlement the Obama administration announced in August, sources briefed on the matter said. It also agreed to spend about $3 million and enter into an agreement with the...

  • NEW YORK, July 18- A Netflix rally boosted the Nasdaq Composite to a record high on Tuesday while Goldman Sachs Group Inc dragged the Dow lower as earnings take center stage on Wall Street. The movie streaming company rose 13.5 percent to $183.60 a day after it crushed Wall Street forecasts by reporting 5.2 million new streaming customers in the second quarter.

  • NEW YORK, July 18- Major stock indexes were mixed on Tuesday, as Netflix's rally kept the Nasdaq Composite in the black while Goldman Sachs weighed on the Dow, with earnings taking investors' focus. Stocks' reaction to the collapse in the U.S. Senate of a key healthcare bill was muted. Netflix rose 14.1 percent to $184.43 a day after it crushed Wall Street forecasts by...

  • *BofA, Goldman Sachs slip after quarterly results. July 18- The Dow was dragged lower in early afternoon trading on Tuesday by a drop in Goldman Sachs, but losses on the S&P 500 and the Nasdaq were limited by a jump in Netflix's shares. The S&P healthcare sector also came under scrutiny, after the healthcare bill to replace Obamacare sank in the Senate, as Republicans...

  • The Milwaukee- based motorcycle maker also said it would need to cut production in second half of 2017, resulting in hourly workforce reductions at some of its U.S. plants. Harley's shares were down 9 percent at $47.17 in late morning trading on Tuesday. "We are downgrading Harley-Davidson to' market-perform' based on increased conviction that motorcycle...

  • July 18- The S&P and the Dow were lower in late morning trading on Tuesday, weighed by tepid earnings from big banks and a setback to President Donald Trump's pro-growth legislative agenda after Republican effort to overhaul healthcare collapsed. The S&P healthcare sector was under pressure, falling 0.52 percent, after the healthcare bill to replace...

  • July 18- U.S. stocks opened lower on Tuesday, weighed down by earnings reports from some big names and concerns over President Donald Trump's ability to push through his pro-growth policies, following a setback to the healthcare bill. The healthcare sector will be under scrutiny after the Republican healthcare bill to replace Obamacare sank in the Senate, with...

  • July 18- U.S. stocks looked set to open slightly lower on Tuesday, weighed down by earnings reports from some big names and concerns over President Donald Trump's ability to push through his pro-growth policies. The healthcare sector will be under scrutiny after the Republican healthcare bill to replace Obamacare sank in the Senate, with news that two...

  • The Milwaukee- based motorcycle maker, which had previously forecast flat to modestly down full-year shipments, said it expects to ship 241,000 to 246,000 motorcycles in 2017, compared with 262,221 a year earlier. Harley's dealers in the United States had too many 2016 models at the end of the fourth quarter, which led the company to limit shipments of its 2017...

  • Harley-Davidson reports sales down 7% worldwide, cuts 2017 shipment forecast

    Robin Farley, UBS leisure and lodging analyst, parses Harley-Davidson's quarterly numbers which beat Street estimates but reported weak guidance.

  • The Milwaukee- based motorcycle maker, which previously forecast "flat to down modestly" full-year shipments, said it expects to ship 241,000 to 246,000 motorcycles in 2017, compared with 262,221 a year earlier. The company said net income fell to $258.9 million, or $1.48 per share, in the quarter, from $280.4 million, or $1.55 per share, a year earlier.

  • *Futures: Dow up 7 pts, S&P off 0.75 pts, Nasdaq down 0.75 pts. July 18- U.S. stock index futures were little changed on Tuesday as investors waited for earnings from big U.S. companies to set the tone for the markets. This could mean that President Donald Trump's policies on tax reform and infrastructure spending will be further delayed.

  • July 18- Harley-Davidson Inc reported a 7.7 percent drop in quarterly profit and said full-year motorcycle shipments would decline about 6 percent to 8 percent, indicating slowing demand as its loyal baby boomer customer base ages. The company said net income fell to $258.9 million, or $1.48 per share, in the second quarter ended June 25, from $280.4 million, or...

  • Alliance Bernstein downgrades Harley-Davidson stocks after the brand fails to appeal to millennials

    Millennials aren't buying motorcycles like their parents once did and Harley-Davidson's sales are taking a hit.

  • *Buyout funds, India's Bajaj Auto also seen preparing bids. LONDON, June 21- U.S. motorcycle maker Harley-Davidson is lining up a takeover bid for Italian rival Ducati, potentially bringing together two of the most famous names in motorcycling in a deal that could be worth up to 1.5 billion euros, sources told Reuters. Based in the northern Italian city of Bologna,...

  • LONDON, June 21- U.S. motorcycle maker Harley-Davidson is lining up a takeover bid for Italian rival Ducati, potentially bringing together two of the most famous names in motorcycling in a deal that could be worth up to 1.5 billion euros, sources told Reuters. Based in the northern Italian city of Bologna, Ducati is on the wish list of private equity funds KKR, Bain...