By Neil J Kanatt and Savyata Mishra (Reuters) - Sportswear maker Under Armour (NYSE:UA) said on Tuesday it plans to raise prices on some of its products to cushion a hit from looming tariffs, after it posted a smaller-than-expected drop in quarterly revenue aided by its turnaround efforts. The retailer has so far been focusing on increased full-price sales of its apparel and footwear, while cutti ...
By Sriparna Roy and Sneha S K (Reuters) - UnitedHealth Group (NYSE:UNH) said its Chief Executive Andrew Witty resigned as of Tuesday, and the company suspended its annual forecast due to surging medical costs, sending shares plunging over 15% to a four-year low. Chairman Stephen Helmsley, 72, who was CEO before stepping down in 2017, will assume the CEO title once again. Witty chose to leave for p ...
By Abhirup Roy SAN FRANCISCO (Reuters) - Tesla (NASDAQ:TSLA) investors had pinned their hopes on a refresh of the company’s flagship compact SUV to reinvigorate sales. But rock-bottom financing deals for the Model Y and its easy availability suggest that this expectation is unrealistic. The electric vehicle maker is offering financing deals as low as 0% on the spanking new version of ...
By David Shepardson NEW YORK (Reuters) -United Airlines may not take delivery of the Boeing (NYSE:BA) 737 MAX 10 until 2027 or 2028 because of uncertainty about when the plane will be approved for use, an executive for the carrier said Tuesday. Boeing has faced significant delays in getting the smaller MAX 7 certified, which must happen before the U.S. Federal Aviation Administration can then cert ...