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Reuters BusinessJan 22, 2020
Baker Hughes profit misses estimates as LNG equipment demand wanes
Oilfield services provider Baker Hughes Co missed analysts' estimates for quarterly profit on Wednesday, hit by lower orders in its business that supplies turbines and compressors to liquefied natural gas (LNG) producers.

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UPDATE 2-Baker Hughes profit misses estimates as LNG equipment demand wanes (Reuters Company News)
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Reuters BusinessJan 22, 2020
Airbus hits record highs, 737 MAX buyers fall on latest Boeing news
Airbus' shares hit record highs on Wednesday, after U.S. arch rival Boeing warned of further delay in returning its grounded 737 MAX airliner to service, while Boeing customers and suppliers fell on the news.

Reuters BusinessJan 22, 2020
Trump says middle class tax cut to be announced over next 90 days: Fox Business
U.S. President Donald Trump said on Wednesday a tax cut for the middle class would be announced over the next 90 days.

Reuters BusinessJan 22, 2020
Latest 737 MAX delay prompts big buyer flydubai to consider leasing options
Airline flydubai, a major Boeing 737 MAX customer, is considering leasing additional aircraft following the latest setback to the grounded jet's return to service.

FT.com - Financial MarketsJan 22, 2020
Davos Special Edition: 4tn reasons to care about climate change
Your guide to the investment and business revolution you can't afford to ignore

MarketWatch MarketPulseJan 22, 2020
Dow getting a 22-point boost from IBM's stock rally, J&J's decline after earnings
The premarket stock moves of companies reporting earnings would add about a net 22 points to the Dow Jones Industrial Average's price, as a rally in International Business Machines Corp. shares more than offset a drop in Johnson & Johnson's stock . Dow futures rose 79 points. IBM's stock surged 4.0% toward a 3 1/2-month high ahead of the open, with the implied price gain acting as a 37-point boost to the Dow's price. IBM reported late Tuesday revenue that surprisingly increased from a year ago and an adjusted profit that beat expectations. Johnson & Johnson shares slipped 1.5% after the consumer products and pharmaceutical company topped fourth-quarter profit expectations but came up a bit shy on revenue, with the implied price decline acting as a 15-point drag on the Dow.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



RELATED ARTICLES
S&P 500 aims for record open on IBM support, fading China virus fears (Reuters Business)
Factbox: Boeing's changing schedule for 737 MAX fix, return to service (Reuters Business)
Trump says Fed raising rates was a mistake: CNBC (Reuters Business)
Google Business NewsJan 21, 2020
Dow Jones Futures: Stock Market Rally Resistant To China Virus; Netflix, IBM, Tesla Rise - Investor's Business Daily
Dow Jones Futures: Stock Market Rally Resistant To China Virus; Netflix, IBM, Tesla Rise  Investor's Business DailyWall Street falls as China virus reaches the U.S.  ReutersWall St weighed down by first US case of coronavirus  Financial TimesStock Market Worsens On Coronavirus Fears; China Stocks Hit, but Tesla, Costco Shine  Investor's Business DailyView full coverage on Google News

Yahoo BusinessJan 21, 2020
Apple Is Raising TSMC Chip Orders to Meet Strong iPhone Demand
(Bloomberg) -- Apple Inc. has asked chipmaking partner Taiwan Semiconductor Manufacturing Co. to increase its output of A-series processors this quarter in order to satisfy higher-than-anticipated iPhone demand, people familiar with the company's plans said.The iPhone 11 and 11 Pro models were well received on their debut in the fall and their sales in China have been particularly strong, outselling 2018's releases in a market that has otherwise been shrinking. Even without fifth-generation wireless networking, iPhone demand has been outperforming the market and Apple's expectations, and the company asked assembly partners to increase their production of the latest generation.The most affordable iPhone 11 model, equipped with an LCD screen, was a particular driver for the increased demand, one person said.New Low-Cost IPhone Said to Enter Mass Production in FebruaryAlong with the popularity of existing models, Apple's business with TSMC is also set for a boost from an imminent iPhone SE successor, a low-cost model that will begin mass production in February ahead of an official unveiling as soon as March, Bloomberg News reported. It will be built around the same processor as the iPhone 11 generation.TSMC spokeswoman Nina Kao said the company doesn't comment on its business with any specific customer. An Apple spokeswoman declined to comment.The Taiwanese chipmaker recently reported earnings above most analysts' expectations and it forecast another good quarter ahead. Though it faces potential headwinds

Reuters BusinessJan 21, 2020
Boeing warns of new 737 MAX delay, now sees mid-year return to service
Boeing Co said on Tuesday it does not expect to win approval for the return of the 737 MAX to service until mid-year due to further potential developments in the certification process and regulatory scrutiny on its flight control system.

Reuters BusinessJan 21, 2020
GM's Cruise unit unveils driverless prototype vehicle for ride-sharing service
General Motors Co's self-driving car unit, Cruise, on Tuesday unveiled a prototype electric vehicle with no steering wheel or pedals for use in its planned autonomous ride-sharing service.
Inc.comMay 09, 2018
How Will the End of the Iran Nuclear Deal Affect Your Business?
How will the European Union, China, and Russia respond?
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