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ERO News30 articles
Valero's Port Arthur Refinery Incident Sparks Supply Concerns Amid Geopolitical Tensions
Emergency crews responded to an incident at Valero Energy's Port Arthur refinery Monday evening, with reports of flames and smoke. The facility processes 435,000 barrels daily, making any extended outage significant for fuel supplies.
Institutions Boost GE Aerospace Holdings Amid Strong Results
Two investment firms raised their positions in GE Aerospace last quarter, as the company reported robust financial performance and detailed expansion plans. Institutional ownership remains elevated near 75%.
AeroVironment Secures $135M Army Drone Deals Amid Strategic Shifts
Defense contractor AeroVironment has been awarded nearly $135 million in new orders from the U.S. Army for its P550 long-range reconnaissance and Red Dragon attack drone systems. The contracts arrive shortly after the company lowered its revenue forecast and recorded a significant goodwill impairment.
Panama Canal Sees Traffic Rise as Middle East Tensions Reroute Shipping
The Panama Canal is experiencing increased vessel traffic as geopolitical tensions near the Strait of Hormuz and rising fuel prices make the shorter route more economical. Tanker crossings surged 11.2% in the first four months of the fiscal year.
AeroVironment Cuts Outlook After Space Force Contract Termination
AeroVironment reduced its full-year revenue and earnings guidance following the U.S. government's decision to end the BADGER agreement tied to the Space Force's SCAR program. The company reported a net loss of $156.6 million for its fiscal third quarter.
Qantas Reroutes Flights Amid Middle East Airspace Disruption
Qantas Airways is adjusting its European network, adding a Singapore stopover on Perth-London flights and an extra Sydney-London A380 service. The changes respond to Middle East airspace closures that have grounded major Gulf carriers.
Xero Data Reveals U.S. Small Business Sales Slowdown, Canadian Contraction
Xero's latest data shows U.S. small business sales growth decelerated sharply to 0.9% year-over-year in the December quarter, with Canadian sales contracting 4.1%. The company cited tariff impacts and policy uncertainty.
Xero Defies ASX Downturn, Posts 2% Gain Amid Market Volatility
Xero Ltd advanced 2% to A$80.46 on Wednesday, contrasting with a broad market sell-off. The company reported slowing U.S. small-business sales growth but improved payment times, while introducing new developer fees and AI data restrictions.
GE Aerospace Slumps 3% Amid Oil Spike, Defying Analyst Target Hike
GE Aerospace stock dropped 3.2% to $334.51 Tuesday, underperforming the industrial sector as a sharp rise in oil prices fueled inflation fears and a broad market sell-off, despite Bernstein lifting its price target.
AeroVironment Plummets on SCAR Contract Uncertainty, Raymond James Downgrade
AeroVironment shares tumbled almost 19% Monday following a Raymond James downgrade to Underperform. The broker highlighted uncertainty surrounding the U.S. Space Force's $1.4 billion SCAR satellite-communications contract.
AeroVironment Plunges on Downgrade Amid SCAR Contract Uncertainty
AeroVironment shares tumbled almost 19% Monday following a Raymond James downgrade to Underperform, driven by uncertainty over a key U.S. Space Force contract.
Defense Stocks Rally on Middle East Tensions, AeroVironment Leads Gains
AeroVironment shares jumped more than 12% in premarket trading Monday, leading a defense sector rally following military escalation in the Middle East. The company recently secured a $186 million Army order for its Switchblade drones.
Defense Stocks Rally on Geopolitical Tensions as AeroVironment Leads Gains
AeroVironment shares jumped more than 12% ahead of the bell as Middle East tensions fueled a flight into defense stocks. The drone maker recently secured a $186 million Army order and reports quarterly results next week.
GE Aerospace Nears Record High Amid Persistent Supply Chain Concerns
GE Aerospace shares gained 0.4% to $342.26, hovering near recent peaks, while supply chain constraints at major aerospace manufacturers continue to pose risks to jet delivery schedules.
GE Aerospace Navigates Oil Spike, Supply Chain Strains After Middle East Strikes
GE Aerospace stock edged higher Friday despite broader market declines, as U.S.-Israeli strikes on Iran roiled oil markets and supply chains. The aerospace giant faces a complex landscape of rising defense demand and potential airline sector pressure.
GE Aerospace Gains on Morgan Stanley Initiation, American Airlines Engine Deal
GE Aerospace shares advanced Friday following a bullish initiation by Morgan Stanley and news that American Airlines extended its engine service pact for future Airbus A321neo jets.
Xero Shares Drop Amid Tech Sell-Off, AI Rollout Fails to Lift Sentiment
Xero shares declined 3.7% on Friday, underperforming a weak ASX technology sector. The sell-off occurred even as the company announced AI-powered automation tools for UK customers ahead of tax digitization deadlines.
Xero Shares Edge Higher on Melio-Related Share Issuance, Eyes on April Escrow Release
Xero's stock closed up 0.8% at A$80.55 following a disclosure of 61,445 new shares issued for the Melio deal. A larger tranche of 1.32 million shares is set to exit voluntary escrow on April 15, 2026.
SEEK Shares Slide on China Write-Down, Employment Hero Exit Plan
SEEK Ltd shares declined following a statutory loss driven by a significant write-down on its Zhaopin investment. The company tightened its full-year guidance and announced a record interim dividend.
Xero Shares Edge Lower on Melio Acquisition Share Issuance Filing
Xero's stock declined following a regulatory filing detailing new shares issued for the Melio acquisition. Investors are monitoring further share releases and the upcoming FY26 results in May.
GE Aerospace Boosts Engine Repair with Robotics Amid Airbus Pressure
GE Aerospace shares gained 0.8% to $315.41 as the company implements robotic automation to accelerate jet-engine repairs. Airbus continues pressing CFM for increased LEAP engine deliveries.
Howmet Aerospace Surges on Strong Outlook, Analyst Upgrades
Howmet Aerospace shares gained over 2% following an upbeat earnings forecast and strong quarterly results, driven by record backlog and robust gas turbine demand.
Ryanair Inks $1B Annual Parts Deal with CFM, Lifting GE Aerospace Shares
GE Aerospace shares gained 0.3% after Ryanair announced a multi-year agreement to purchase over $1 billion in engine parts annually from CFM International, a joint venture with Safran.
Xero Stock Extends Recovery as Tech Sector Stabilizes Ahead of Key Earnings
Xero shares advanced 2.2% to A$84.76, continuing a two-day rebound after last week's tech selloff. Investors now await the company's May 14 results for insights into its U.S. performance.
Salesforce Gains After Hours Amid Heroku Strategy Shift and Earnings Focus
Salesforce shares advanced 1.5% in extended trading as the company's Heroku platform shifts to a sustaining engineering model. Investors await quarterly results due February 25.
GE Aerospace Shares Dip on Saudi Defense Deal, Unveils $300M Singapore Expansion
GE Aerospace stock declined 0.8% following a new industrial pact with Saudi Arabia to enhance fighter engine repair capabilities. The company also detailed a $300 million investment plan in Singapore.
Xero Shares Recover with Tech Rally on ASX, Eyes on May Results
Xero shares rose 1.2% to A$82.74, joining a broader tech rebound as the ASX 200 gained 1.9%. The stock remains down approximately 12% since late January.
GE Aerospace Surges on Dividend Boost Amid Supply Chain and Engine Scrutiny
GE Aerospace shares climbed nearly 5% to $321 after announcing a 31% dividend increase to $0.47 per share, while facing supply chain pressures and a potential engine durability review.
Xero Shares Dip Amid Tech Selloff; AI Costs and Rate Outlook in Focus
Xero shares closed lower as a global tech rout extended, with the ASX tech index down ~12% for the week. Investors await key inflation data and central bank signals.
GE Aerospace Surges 4.8% on 31% Dividend Boost; Aviation Demand Soars Amid Supply Strains
GE Aerospace shares climbed 4.78% to $321 after announcing a 31% dividend increase to $0.47 per share. Trading volume exceeded the 50-day average as the stock neared its 52-week high.