Sherwin-Williams shares fall as earnings fall short of estimates

Shares of paint maker Sherwin-Williams Co. SHW, -0.12% fell 2.6% in premarket trade Tuesday, after the company’s first-quarter earnings fell short of estimates. The company said it had net income of $245.2 millin, or $2.62 a share, down from $250.1 million, or $2.62 a share, in the year-earlier period. Adjusted per-share earnings, excluding acquisition-related costs and pension settlement costs, came […]

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U.S. Durable Goods Orders Slump Amid Steep Drop In Aircraft Demand

Orders for U.S. manufactured durable goods showed a steep drop in the month of February, according to a report released by the Commerce Department on Tuesday, with orders for transportation equipment leading the way lower. The Commerce Department said durable goods orders tumbled by 1.6 percent in February after inching up by a downwardly revised 0.1 percent in January. Economists […]

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Boeing received illegal tax breaks according to World Trade Organization body

GENEVA (AP) — Delivering final word in a nearly 14-year standoff, a World Trade Organization body has ruled Boeing received illegal U.S. subsidies via tax breaks from Washington state that damaged sales by European archrival Airbus. The decision by the WTO’s appellate body considered whether planemaker and defense company Boeing had complied with a 2012 ruling that found it received […]

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Trump could repurpose $4.9 billion the Air Force ‘desperately’ needs for his border wall

WASHINGTON (AP) — The Air Force said on Wednesday that it needs $4.9 billion in extra funding over the next three years to rebuild and repair two key bases heavily damaged by natural disasters. “We desperately need the supplemental funding,” Air Force Secretary Heather Wilson said, citing hurricane damage to Tyndall Air Force Base in Florida last fall and flood […]

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Trump tweet reversing North Korea sanctions has had no impact on the ground, Pentagon official says

President Donald Trump tweeted last week that he was reversing certain sanctions that had been placed on North Korea by his administration. But the tweet has actually not altered anything on the ground, a senior Pentagon official said Wednesday. “As I understand it, none of the sanctions have been removed or changed since the tweet,” Randall Schriver, assistant secretary of […]

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The first FAA-approved commercial drone delivery has flown, and it was for…blood

RALEIGH, N.C. (AP) — A pioneering use of drones to fly blood samples across a North Carolina hospital campus launched Tuesday in the latest move to expand their roles in business and health care. The short trips between WakeMed buildings in Raleigh mark the first time the Federal Aviation Administration has allowed regular commercial flights of drones carrying products, according […]

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Singapore factory output sees small 0.7 per cent rise in February; January's drop slashed

SINGAPORE – Singapore’s manufacturing output grew 0.7 per cent in February compared with last year, thanks to the boost from pharmaceuticals, according to figures from the Economic Development Board (EDB) on Tuesday (March 26). This slight growth exceeded the expectations of analysts polled by Bloomberg, who predicted a decline of 0.4 per cent year on year. Output fell 1.6 per […]

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Missile defense system successfully intercepts target in new test, Pentagon says

WASHINGTON — In the first test of its kind, the Pentagon on Monday carried out a “salvo” intercept of an unarmed missile soaring over the Pacific, using two interceptor missiles launched from underground silos in southern California. Both interceptors zeroed in on the target — a re-entry vehicle that had been launched 4,000 miles away atop an intercontintental-range missile, the […]

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North Korea exits shared ‘embassy’ with South near demilitarized zone in abrupt diplomatic pullback

SEOUL—North Korea has withdrawn from a liaison office it shared with the South near the demilitarized zone since September, an abrupt diplomatic pullback following Pyongyang’s recent threats to suspend nuclear talks with the U.S. South Korea’s Unification Ministry said Friday that the North is vacating the liaison office based on “instructions from the superior authority.” The Kim regime conveyed it […]

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In Boeing crash, look at automatic control systems

Emerging evidence from the recent crash in Ethiopia suggests that malfunctioning automatic control systems overwhelmed the crew and doomed the flight. Based on my analysis, it appears that the Ethiopian Airlines crew followed the standard procedures found in the BoeingBA, -2.61% 737 pilots operating handbook and flight crew operations manual. A typical flight starts with manual control of the plane. […]

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