Boeing Co reached a point where negotiation for Embraer’s commercial aerospace division “was no longer helpful,” chief executive Dave Calhoun told shareholders on Monday at the U.S. planemaker’s annual general meeting.
As Americans delay elective surgeries and avoid doctors and hospitals during the coronavirus pandemic, healthcare spending declines have more than offset the added costs of COVID-19 care, insurance executives and experts say, boosting U.S. health insurer profits.
The Small Business Administration on Monday began to allow lenders to process $310 billion in funds for the second round of its program that aims to help small businesses, hurt by the novel coronavirus disruption, to cover their payroll costs.
U.S. stock markets rose on Monday as more states prepared to lift coronavirus-induced curbs and investors geared up for the busiest week of quarterly earnings reports, including from tech titans Apple and Microsoft.
Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Heidi Chung break down the market action for Beyond Meat. …read more […]
Brazil’s Embraer SA on Monday said it had begun an arbitration process against Boeing Co , after the U.S. planemaker abruptly canceled a $4.2 billion deal over the weekend that was years in the making.
Boeing, which is working to bring its 737 MAX jet back into service after two fatal crashes, canceled the $4.2 billion deal for the Brazilian company’s regional jet division over the weekend, prompting Embraer to initiate arbitration. “It is deeply disappointing, but we had reached a point where continued negotiation was no longer helpful,” Calhoun told the virtual meeting. Calhoun said Boeing expects it will take two to three years for travel to return to 2019 levels and an additional few years more for industry’s long-term trend growth to return. …read more […]
5G is here. The new digital wireless technology first started to make waves in 2017, with connectivity tests in Argentina, Norway, and Poland. By late 2018, active 5G networks were starting to appear on a limited basis in various urban areas, and in 2019 the first nationwide networks went into operation in the US and China. As 2020 matures, industry analysts expect to see these networks expand, as providers move into the mid- and high-frequency bands.The new network rollout brings with it a slew of opportunities, as does any new technology. Original equipment manufacturers will need new components. The new …read more […]
Company appoints Interim Chief Financial Officer VANCOUVER, Washington, Apr 27, 2020 — CytoDyn Inc. (OTC.QB: CYDY), (“CytoDyn” or the “Company”), a late-stage biotechnology company developing leronlimab (PRO 140), a CCR5 antagonist with the potential for […]
VANCOUVER, Washington, Apr 27, 2020 — During the FDA’s review period, the Company will dedicate all resources to ensure availability of leronlimab for COVID-19 patients; Cancer programs continue with positive results VANCOUVER, Washington, April 27, 2020 […]
Japan’s Nissan Motor Co Ltd plans to slash the number of cars it produces at home in May by 78% from last year, as the impact of the coronavirus shakes the troubled automaker which has already been struggling with falling sales.
Global stock markets rose on Monday as investors cheered news that more countries and U.S. states were looking to ease lockdowns and the Bank of Japan expanded its stimulus program, while the price of oil continued to crumble as storage runs out.
Oil prices slumped again on Monday on concerns over scarce storage capacity, especially in the United States, and global economic doldrums from the coronavirus pandemic.
Warren Buffett’s Berkshire Hathaway Inc will hold a truncated virtual annual meeting on Saturday where its billionaire chairman will be present but his longtime Vice Chairman Charlie Munger will not.
Berkshire said on Monday that Buffett, 89, and Vice Chairman Greg Abel, 57, will be physically present to answer shareholder questions at the afternoon meeting, but other directors including Munger and Vice Chairman Ajit Jain will be absent. The meeting is normally part of a weekend of festive events that draws more than 40,000 people to Omaha, Nebraska, where Berkshire is based, but the coronavirus pandemic forced Berkshire to scrap those events and keep shareholders away. …read more […]
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