Month: July 2020

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Lockheed, Boeing Got Half of $2.3 Billion in Pentagon Virus Cash

July 22, 2020 admin Comments Off on Lockheed, Boeing Got Half of $2.3 Billion in Pentagon Virus Cash

(Bloomberg) — Lockheed Martin Corp. and Boeing Co. received about half of an initial $2.3 billion in increased, accelerated payments the Pentagon provided contractors to help companies’ cash flows after the Covid-19 pandemic erupted in the U.S.The initial infusion was included in $13 billion in regular, periodic progress payments paid to the companies, according to newly released defense figures. Lockheed Martin initially received $685 million while Boeing got $670 million, according to a Pentagon statement to Bloomberg NewsIn a separate statement, Lockheed Martin said that modifications to existing contracts resulted in additional accelerated payments to the company, increasing its total …read more […]

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Bombardier secures up to $1 billion in credit, cites improved cash usage, shares rise

July 22, 2020 admin Comments Off on Bombardier secures up to $1 billion in credit, cites improved cash usage, shares rise

Bombardier shares rose 6% in morning trade. The Canadian corporate aircraft and train maker has pulled its 2020 forecast and announced job cuts as the health crisis pummels demand for high-margin private jets. The company said it secured a commitment from investment funds and accounts managed by HPS Investment Partners LLC to provide the three-year senior secured term loan. …read more […]

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Cruise Lines’ Booking Practices in a Pandemic Are ‘Astonishing’: CDC Official

July 22, 2020 admin Comments Off on Cruise Lines’ Booking Practices in a Pandemic Are ‘Astonishing’: CDC Official

Since the start of July, the major cruise lines have ramped up their public-facing efforts to safely resume sailing. Norwegian Cruise Lines and Royal Caribbean have co-founded a Healthy Sail Panel with experts across the medical, public health, and epidemiological fields. Carnival has teamed up with the World Travel and Tourism Council for a July 28 […] …read more […]

Spotlight Stocks

IAC/Interactivecorp’s (NASDAQ: IAC) CEO Joey Levin: “Enterprise Use of Video is Accelerating – Consumer Behavior Changes Will Be Sticky”

July 22, 2020 admin Comments Off on IAC/Interactivecorp’s (NASDAQ: IAC) CEO Joey Levin: “Enterprise Use of Video is Accelerating – Consumer Behavior Changes Will Be Sticky”

      IAC/Interactivecorp (NASDAQ:IAC) Q&A with IAC Business Leaders July 16, 2020 Analyst Call Highlights Company Participants: Joey Levin – Chief Executive Officer-IAC Brandon Ridenour – Chief Executive Officer-ANGI Homeservices Anjali Sud – Chief Executive Officer-Vimeo […]