Top News & Analysis North America

  • BUSINESSMEN LINKED TO TRUMP'S PERSONAL LAWYER RUDY GIULIANI PLEAD NOT GUILTY TO CAMPAIGN FINANCE CHARGES- NEW YORK COURT PROCEEDING.

  • The world's largest planemaker also said it was delaying plans to step up production on its money-spinning 737 line in the Seattle area, and would not hit a record-level 57 aircraft monthly until late 2020, months later than previously planned. "The 787 cut appears to be mostly tied to China trade negotiations, which at least have the potential to improve over...

  • Oct 23- Eli Lilly and Co third-quarter sales missed Wall Street estimates on Wednesday as rebates limited revenue from its top-selling diabetes drug Trulicity, and its shares fell about 4%. Trulicity sales rose 24% to $1.01 billion, short of Wall Street expectations of $1.08 billion, according to Refinitiv data. Citi analyst Andrew Baum said Trulicity sales...

  • WASHINGTON, Oct 23- A U.S. district judge on Wednesday ordered Turkey's majority state-owned Halkbank to appear in court on Nov. 5 and warned that he may sanction the bank if it fails to show up. Federal prosecutors in Manhattan on Oct. 16 charged the state-owned lender with taking party in a multibillion-dollar scheme to evade U.S. sanctions on Iran.

  • Freeport also said copper sales were lower in South America, dented by lower grades and recovery rates at its Cerro Verde mine in Peru. The company reported a net loss of $131 million, or 9 cents per share, compared with a profit of $556 million, or 38 cents per share, a year earlier. Shares of the Phoenix, Arizona- based company were up 2.6% Wednesday morning at $10.21 as...

  • *OPEC, allies to mull deeper production cuts. *Goldman Sachs sees Brent prices around $60/ bbl in 2020. HOUSTON, Oct 23- Oil rose above $60 a barrel on Wednesday after government data showed a surprise draw in U.S. crude stocks and as the prospect of deeper output cuts by OPEC and its allies offered support.

  • NEW YORK, Oct 23- World stock indexes edged up on Wednesday, with the S&P 500 boosted by gains in shares of Apple that offset Texas Instruments' disappointing forecast, and the British pound steadied as European Union leaders consider London's request for a Brexit delay. "What I think is causing the hesitation is the fear of other bellwether companies also...

  • The world's largest planemaker also said it was delaying plans to step up production on its money-spinning 737 line in the Seattle area, and would not hit a record-level 57 aircraft monthly until late 2020, months later than previously planned. "The 787 cut appears to be mostly tied to China trade negotiations, which at least have the potential to improve over...

  • WASHINGTON, Oct 23- Facebook Inc CEO Mark Zuckerberg sought to reassure skeptical U.S. lawmakers on Wednesday that the company's planned digital currency Libra would be a force for good that could reduce costs for electronic payments and help more people participate in the global financial system. Appearing in a suit and tie before the U.S. House of...

  • NEW YORK, Oct 23- The dollar and British pound were steady on Wednesday as European Union leaders consider Britain's request for a Brexit delay, and are expected to grant a three-month extension to the Oct. 31 deadline for its departure. European Council President Donald Tusk said on Twitter he had recommended late on Tuesday that EU leaders back a delay.

  • Oct 23- U.S. budget carrier Spirit Airlines is close to agreeing a provisional deal to order as many as 100 single-aisle aircraft worth up to $12 billion at recent catalogue prices from Airbus, industry sources said. Such a deal would be the first for the European planemaker since the United States imposed 10% tariffs on some of the planes it offers to U.S. carriers...

  • *Shares in SoftBank dropped 2.5% on Wednesday in Tokyo. Oct 23- SoftBank Group agreed to spend more than $10 billion to take over WeWork on Tuesday, doubling down on an ill-fated investment and giving a near $1.7 billion payoff to the U.S. office-space sharing startup's co-founder Adam Neumann to relinquish control. The bailout comes as SoftBank Chief Executive...

  • Revenue in the aerospace unit jumped 23% to $2.5 billion in the third quarter ended Sept. 29, as new Gulfstream deliveries, a key metric for investors, increased to 38, from 27 a year earlier. Net earnings climbed to $913 million, or $3.14 per share, in the quarter, from $851 million, or $2.85 per share, a year earlier. Wall Street analysts estimated earnings per share of...

  • The world's largest planemaker said it was also delaying plans to step up production on its money-spinning 737 line in the Seattle- area, and would not hit a record-level 57 aircraft monthly until late 2020, months later than previously planned. "The 787 cut appears to be mostly tied to China trade negotiations, which at least have the potential to improve over...

  • Oct 23- Wall Street headed for a flat open on Wednesday, after earnings from industrial bellwether Caterpillar and chip major Texas Instruments kept investors on edge over the fallout from the U.S.- China trade war. Texas Instruments fell 8% premarket after the trade tensions took a toll on the chip industry proxy's current-quarter revenue forecast, while...

  • LAS VEGAS, Oct 22- At the world's biggest industry show in Las Vegas luxury jets are luring buyers with their sleek silhouettes, plush cabins- and increasingly, their use of alternative fuels. The availability of less polluting private jets could also spare the rich and famous the negative publicity experienced by Britain's Prince Harry and his wife Meghan over...

  • Boeing Co reported a 53% drop in quarterly profit on Wednesday and had a negative free cash flow of $2.89 billion in the quarter, compared with a positive free cash flow of $4.10 billion a year earlier. Core operating earnings fell to $895 million or $1.45 per share, from $1.89 billion or $3.58 per share, a year earlier. On Tuesday, the company ousted the top executive...

  • Net earnings increased to $913 million, or $3.14 per share, in the third quarter ended Sept. 29, from $851 million, or $2.85 per share, a year earlier. Wall Street analysts estimated earnings per share of $3.06, according to Refinitive data. In July, the U.S. State Department approved the possible sale to Taiwan of 108 of General Dynamics' M1A2T Abrams tanks, angering...

  • SEATTLE/WASHINGTON, Oct 22- Boeing Co on Tuesday ousted the top executive of its commercial airplanes division, Kevin McAllister, marking the first high-level departure since two fatal crashes of its 737 MAX jets. The company named veteran Boeing executive Stan Deal to succeed McAllister effective immediately as president and chief executive of Boeing...

  • The company had a negative free cash flow of $2.89 billion in the quarter, compared with a positive free cash flow of $4.10 billion a year earlier. Core operating earnings fell to $895 million or $1.45 per share, from $1.89 billion or $3.58 per share, a year earlier. On Tuesday, the company ousted the top executive of its crucial airplanes division, Kevin McAllister,...