The Los Angeles Post
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Today: March 19, 2025
Today: March 19, 2025
Utkarsh Shetti

Utkarsh Shetti

Staff Writer

Latest From Utkarsh Shetti

Business|Election|Finance|Political|Stock Markets|US

Trump-linked small stocks pull back after rallying on family ties

U.S. President Donald Trump's re-election prompted a run-up in the broad stock market that has since receded.

Trump-linked small stocks pull back after rallying on family ties
Business|Finance|Political|Stock Markets|US

Investors in farm equipment maker Deere reject anti-DEI resolution

Deere investors voted overwhelmingly against a resolution aimed at its diversity, equity and inclusion efforts on Wednesday, continuing a pattern of

Investors in farm equipment maker Deere reject anti-DEI resolution
Business|Economy|Finance|Stock Markets|US

Honeywell to break up in latest corporate split after pressure from activist investor

Honeywell is splitting into three independently listed companies, breaking up one of America's last standing conglomerates just months after activist investor Elliott

Honeywell to break up in latest corporate split after pressure from activist investor
Business|Finance|Political|Stock Markets|US

Northrop beats quarterly profit expectations on military equipment demand

U.S. defense company Northrop Grumman beat estimates for quarterly profit on Thursday, as headwinds from its B-21 Raider stealth bomber program eased and

Northrop beats quarterly profit expectations on military equipment demand
Business|Economy|Finance|Political|Technology|US

RTX's upbeat quarterly results outshine cautious 2025 forecast

RTX's quarterly profit and revenue beat estimates on Tuesday, as demand for its aircraft parts and repair services benefited from airlines flying older,

RTX's upbeat quarterly results outshine cautious 2025 forecast
Business|Finance|Political|Stock Markets|US

Lockheed Martin cautious on 2025 profit view, shares sink 8%

Lockheed Martin on Tuesday forecast it will make less profit than expected in 2025, as the top U.S. defense company grapples with the delayed rollout of

Lockheed Martin cautious on 2025 profit view, shares sink 8%
Business|Technology|US

Exclusive-Lockheed Martin to cut 1% of its jobs in cost-cutting push

Lockheed Martin will cut 1% of its jobs over the course of the year in a bid to cut costs and streamline operations, a company spokesperson said on Friday.

Exclusive-Lockheed Martin to cut 1% of its jobs in cost-cutting push
Business|Technology

Cisco to cut thousands of jobs as it seeks to focus on high growth areas - sources

Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-

Cisco to cut thousands of jobs as it seeks to focus on high growth areas - sources
Business|Finance|US

Exclusive-US defense contractor L3Harris to cut 5% of workforce to save costs, email shows

U.S. defense contractor L3Harris Technologies Inc will cut 5% of its workforce this year as part of a cost saving measure, CEO Chris Kubasik

Exclusive-US defense contractor L3Harris to cut 5% of workforce to save costs, email shows
Business|Europe|Finance|Technology

Britain's Revolut surges to record profit as it seeks $40 billion valuation

British fintech company Revolut made a record pretax profit of 438 million pounds ($553.81 million) in 2023 on strong user growth and soaring

Britain's Revolut surges to record profit as it seeks $40 billion valuation
News|Science|World

Musk's Starlink satellites disrupted by major solar storm

Starlink, the satellite arm of Elon Musk's SpaceX, warned on Saturday of a "degraded service" as the Earth is battered by the biggest geomagnetic storm due to solar

Musk's Starlink satellites disrupted by major solar storm
Business|Technology|US

Cisco to lay off thousands more in second job cut this year, sources say

Cisco will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker shifts focus to higher-growth areas,

Business|Finance|Stock Markets|US

Boeing lines up $35 billion in funds as strike hammers finances

Boeing set out to shore up its sagging finances on Tuesday, announcing plans to raise up to $25 billion through stock and debt offerings and a $10

Boeing lines up $35 billion in funds as strike hammers finances
Business|Finance|Stock Markets|US

Honeywell sales projections fall short due to ongoing supply-chain disruptions

Honeywell projected annual sales below Wall Street expectations and missed quarterly revenue estimates on Thursday as the industrial giant struggles

Honeywell sales projections fall short due to ongoing supply-chain disruptions
Business|Finance|Stock Markets

Boeing to raise up to $24.3 billion to shore up finances, stave off downgrade

Boeing launched a stock offering that could raise up to $24.3 billion as the planemaker looks to strengthen its finances squeezed by a more than six-week strike by factory

Boeing to raise up to $24.3 billion to shore up finances, stave off downgrade
Business|Economy|Finance|Stock Markets

Caterpillar forecast hit by lower N. America stockpiling, weak Europe, Asia/Pacific

Caterpillar on Wednesday trimmed its annual revenue forecast again on weakness in Europe and Asia/Pacific and lower equipment stocking by

Caterpillar forecast hit by lower N. America stockpiling, weak Europe, Asia/Pacific
Business|Finance|Stock Markets|US

Elliott's $5 billion Honeywell gambit: would a split pay off?

Diversified conglomerates were long a fixture of the U.S. stock market landscape, with the Dow industrials bolstered by big names such as 3M, General

Elliott's $5 billion Honeywell gambit: would a split pay off?
Business|Economy|Stock Markets|Travel|US

Southwest Airlines, American lift forecasts as holiday travel takes off

U.S. carriers Southwest Airlines and American Airlines lifted their fourth-quarter forecasts on Thursday, betting on buoyant domestic travel demand

Business|Technology|Travel|US

American Airlines resumes flights after brief grounding ahead of busy Christmas travel

American Airlines said on Tuesday its flights had resumed after a technical glitch forced the carrier to issue an hour-long

American Airlines resumes flights after brief grounding ahead of busy Christmas travel

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