Month: February 2020

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Boeing tells FAA it does not believe 737 MAX wiring should be moved: sources

February 15, 2020 admin Comments Off on Boeing tells FAA it does not believe 737 MAX wiring should be moved: sources

Boeing Co told the U.S. Federal Aviation Administration it does not believe it needs to separate wiring bundles on its grounded 737 MAX jetliner that regulators have warned could short circuit and cause catastrophic consequences, people familiar with the matter said on Friday.

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White House defends Trump after AP report on homeless vet

February 15, 2020 admin Comments Off on White House defends Trump after AP report on homeless vet

The White House defended President Donald Trump on Friday after an Associated Press report that he stretched the truth in his State of the Union account of a formerly homeless veteran who turned his life around with a job at a company that is taking advantage of Opportunity Zone tax breaks. The AP report found that construction worker Tony Rankins, who was introduced to a standing ovation at the State of the Union, doesn’t work at a site taking advantage of the breaks and has never done so. In fact, the hotel renovation job that he credits …read more […]

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Aurora Cannabis (ACB) Couldn’t Have Reported a Worse Quarter

February 15, 2020 admin Comments Off on Aurora Cannabis (ACB) Couldn’t Have Reported a Worse Quarter

Despite all of the promises for the Canadian cannabis space entering 2020, Aurora Cannabis (ACB) reported one of the worst quarters in the space and the lack of financial discipline has to question where the reorganization will work until new executive leadership joins the company.EBITDA Loss DoublesThe most alarming number reported for the December quarter was the doubling of the adjusted EBITDA loss. Companies can’t always control revenues, especially in an emerging market with volatile regulations, but any particular company can control expenses.Aurora Cannabis reported a C$80 million EBITDA loss in the quarter, up from $40 million in the prior …read more […]

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Buffett’s Berkshire Adds Biogen, Kroger Stakes; Stocks Climb

February 15, 2020 admin Comments Off on Buffett’s Berkshire Adds Biogen, Kroger Stakes; Stocks Climb

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. piled funds into biotechnology company Biogen Inc. and supermarket operator Kroger Co. as it trimmed some of its bank wagers in the last few months of 2019.Berkshire’s Kroger investment, which totaled $549 million at the end of the year, was disclosed more than a year after Buffett’s conglomerate sold off its stake in retailing giant Walmart Inc. The company also built a $192 million stake in Biogen while trimming its stakes in Wells Fargo & Co., Goldman Sachs Group Inc. and Bank of America Corp., according to a regulatory filing Friday.Kroger shares surged …read more […]

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Berkshire Hathaway increases shares of Kroger, decreases shares of major banks

February 15, 2020 admin Comments Off on Berkshire Hathaway increases shares of Kroger, decreases shares of major banks

Shares of Kroger popped in after-hours trade on Friday, on news that Berkshire Hathaway added nearly nineteen million shares of the grocery store chain, while reducing its stake in Wells Fargo, Goldman Sachs, and Bank of America. The Final Round panel discusses the details. …read more […]