Month: November 2019

Emirates, the largest customer of Boeing’s upcoming 777x aircraft, wants the plane to be put through “hell on Earth” in testing to ensure it is safe to fly and meets performance expectations, the president of the Gulf airline said on Tuesday. Tim Clark was speaking at the Dubai Airshow after meeting the head of the U.S. Federal Aviation Administration (FAA). The testing and certification of aircraft has been under scrutiny after the grounding of Boeing’s 737 MAX jet following two fatal crashes, while problems with a number of models have led some airlines to accuse plane and engine …read more […]

“To be clear, this is not a cost-saving initiative,” said one FedEx exec. …read more […]

(Bloomberg) — Kohl’s Corp. fell the most in almost three years after posting quarterly sales that trailed analysts’ projections. The retailer also cut its full-year profit forecast for a second time this year, exacerbating concerns about department stores.Same-store sales, a key metric for retailers, increased 0.4% in the third quarter, compared with the 0.8% growth seen by analysts, according to Consensus Metrix. Kohl’s now says profit excluding some items will be $4.75 to $4.95 — with the new high point of the range 50 cents below the previous outlook. See more results here.Key InsightsWhile Chief Executive Officer Michelle Gass said …read more […]

U.S. homebuilding rebounded in October and permits for future home construction jumped to a more than 12-year high, pointing to strength in the housing market amid lower mortgage rates. The report from the Commerce Department on Tuesday also showed an increase in home completions and the stock of homes under construction, which could help to ease a supply squeeze that has plagued the housing market. Housing starts increased 3.8% to a seasonally adjusted annual rate of 1.314 million units last month, with single-family construction rising for a fifth straight month and activity in the volatile multi-family sector rebounding …read more […]

Q3 2019 Adecoagro SA Earnings Call …read more […]

If you want to know who really controls Occidental Petroleum Corporation (NYSE:OXY), then you’ll have to look at the… …read more […]

(Bloomberg) — The European Union is poised to say potential 5G suppliers will be evaluated based on their home country’s laws, a stance that could exclude Chinese businesses from lucrative contracts for the advanced telecommunications networks.“Factors, such as the legal and policy framework to which suppliers may be subject to in third countries, should be considered,” according to a draft of a joint statement obtained by Bloomberg and planned for release next month. The document is due to be approved on an informal basis this week by government envoys with formal sign off by ministers due in December, and the …read more […]

While it may not be enough for some shareholders, we think it is good to see the Nucor Corporation (NYSE:NUE) share… …read more […]