Tag: Yahoo Finance

Exxon to face trial in New York investor fraud lawsuit

The trial, expected to begin before Justice Barry Ostrager in Manhattan Supreme Court and last up to three weeks, could feature testimony from Rex Tillerson, who was Exxon's chief executive before serving as U.S. Secretary of State. It is the first of several lawsuits currently pending against major oil companies related to climate change to go to trial. "The New York Attorney General's allegations are false," Exxon said in a statement....

Harley-Davidson tops forecasts as international sales improve

Shares of the company rose 5.2% in premarket trading as it reported the first rise in international sales in a year and a dip of just 3.6% in U.S. retail motorcycle sales, its smallest quarterly decline in nearly three years. Harley, which has been criticized by President Donald Trump for its plan to shift some U.S. production overseas, has been battling the effects of global trade wars on its business while sales at home dwindle as its core customers age. Earlier this year, Harley said retaliatory import duties imposed by the European Union on its bikes would cost the company between $100 million and $120 million in 2019....

Harley-Davidson beats forecasts as international sales rebound

Shares of the company rose as much as 8.8% to $40.36, as it posted the first rise in international sales in a year during the third quarter and a 3.6% dip in U.S. retail motorcycle sales - the smallest decline in nearly three years. Profits continued to sink - by 24% - but the results offered some hope that one of the biggest names in motorcycles was finally beginning to arrest a slide in global sales that it has been fighting for years. Sales in the world's biggest motorcycle markets in Asia, which Harley has targeted with smaller bikes that go against its traditional profile, rose 8.7% in the quarter and are up about 1.6% this year overall....