Reuters - Before the Bell

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Tuesday, January 29, 2019

Lockheed Martin posts quarterly profit

Pentagon's No.1 weapons supplier Lockheed Martin Corp, reported a quarterly profit on Tuesday, compared with a year-ago loss, lifted by demand for its F-35 fighter jets.

Huawei lawyer says CFO Meng a 'hostage' after U.S. presses charges

Huawei's CFO "should not be a hostage" in Sino-U.S. relations, her lawyer said on Tuesday, after the United States announced criminal charges against herself and the Chinese firm just days before crunch trade talks with Beijing.

China's industry ministry says Huawei indictments are 'unfair, immoral'

The U.S. government's indictments against Huawei Technologies Co Ltd are unfair and immoral, a spokesman for China's industry and information technology ministry said on Tuesday.

Gold reaches seven-month high as stocks, dollar struggle

Gold climbed to a seven-month high on Tuesday as markets opted for caution before three major macro events and a blizzard of big tech company earnings in the coming days, starting with Apple later.

Verizon beats profit estimates, to spend more this year on 5G rollout

Verizon Communications Inc beat Wall Street estimates for quarterly profit on Tuesday, as the largest U.S. mobile carrier added almost twice as many net new subscribers who pay a monthly bill as analysts had previously expected.

Apple to patch privacy bug in video-calling feature

Apple Inc said on Monday it will issue a software patch later this week for a bug that lets iPhone users hear audio from users who have not yet accepted a video call.

Three Abu Dhabi lenders agree to create $114 billion bank

Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank agreed a merger on Tuesday to create the third-largest bank in the United Arab Emirates.

Powell faces early reckoning on Fed's $4-trillion question

Federal Reserve Chairman Jerome Powell has a problem: how to explain that the Fed may soon begin to taper its ongoing asset-shedding operation without looking like he's hunkering down for a coming recession, or caving to U.S. President Donald Trump.

Japan's ANA orders Boeing, Airbus jets worth $4.3 billion in Asia growth push

Japan's ANA Holdings Inc said it would order 38 planes worth $4.33 billion from Boeing Co and Airbus, and buy a stake in Philippines Airlines parent PAL Holdings Inc to support its Asia growth strategy.

Pfizer forecasts 2019 revenue, profit below Wall Street targets

Pfizer Inc forecast 2019 profit and sales below Wall Street estimates on Tuesday as the company expects a hit from the loss of patent on its blockbuster pain treatment Lyrica this year, sending its shares down 2 percent.