Oct 20 (Reuters) – RTX raised its full-year profit and revenue forecasts on Tuesday as sustained demand for commercial aerospace services and military programs pushed its backlog to a record $340 billion and lifted third-quarter results. The maker of Pratt & Whitney engines and Raytheon…
Oct 20 (Reuters) – Prudential Financial said on Tuesday it would sell its Brazil and Mexico units to French insurance group CNP Assurances Group for $4.03 billion in cash as the US insurer continues to simplify its business. “We remain focused on narrowing our geographic…
By Aditya Soni and Jaspreet Singh Oct 20 (Reuters) – Qualcomm will cut jobs globally in a “performance-focused reduction” following its annual employee reviews, CEO Cristiano Amon told staff in a memo on Monday reviewed by Reuters, with notifications set to begin in November. The…
By Kalea Hall Oct 20 (Reuters) – General Motors’ third-quarter results easily beat analyst expectations on the back of resolute shoppers who continue to spring for pricey pickups and SUVs. The company on Tuesday said quarterly earnings before interest and tax, not including one-time items (adjusted…
Oct 20 (Reuters) – GE Aerospace on Tuesday raised its 2026 profit forecast for the second time this year, betting strong demand for engine maintenance and spare parts will offset the impact of higher fuel costs on flights. Airlines worldwide are cutting costs and capacity…
CAIRO, Oct 20 (Reuters) – Israeli strikes and gunfire killed at least four Palestinians, including a married couple and a 17-year-old, in separate incidents in the Gaza Strip on Tuesday, health officials said. Medics said an Israeli airstrike killed Akram Yassin and his wife Dina…
Oct 20 (Reuters) – Hasbro raised annual revenue forecast on Tuesday, betting on strong demand for its digital games, including “Magic: The Gathering”, ahead of the crucial holiday season. The Play-Doh maker has posted consecutive gains in its digital gaming segment over the past seven…
Oct 20 (Reuters) – Drug developer Lycia Therapeutics said on Tuesday it was targeting a valuation of up to $937.7 million in its US initial public offering, as biotech companies flock to the IPO market. The South San Francisco, California-based company is seeking to raise…
By Akash Sriram Oct 20 (Reuters) – AI meeting-transcription company Otter.ai said on Tuesday it had closed $320 million in growth financing from General Catalyst’s Customer Value Fund to expand its enterprise business and international reach. The financing is repayable rather than equity, avoiding shareholder…
By Jonathan Allen and Jason Lange WASHINGTON, Oct 20 (Reuters) – One-third of Americans think the government should try a second time to put a convicted criminal to death if a first execution attempt fails, according to a Reuters/Ipsos poll conducted after a botched lethal…
