Trading Ideas
Here's Why Overstock.com (NASDAQ:OSTK) Must Use Its Cash Wisely
Even when a business is losing money, it’s possible for shareholders to make money if they buy a good business at the… …read more […]
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Air Canada to not fly the MAX until June 30
Air Canada said on Wednesday it has removed Boeing’s 737 MAX from its flight schedule until June 30, 2020, a day after the U.S. planemaker warned the grounded jet would not win regulatory approval until mid-year.
Business News
S&P 500, Nasdaq aim for record on IBM earnings, fading China virus fears
The S&P 500 and the Nasdaq were set for record highs on Wednesday, as investors took heart from China’s efforts to contain a virus outbreak and a strong forecast from IBM.
Business News
Stocks shake off China virus worries, dollar stays strong
World stock markets regained strength on Wednesday, as swift updates from China about the spread of a new flu-like coronavirus raised hopes the outbreak would be contained.
Business News
Wall Street pegs Boeing’s 737 MAX bill at more than $25 billion
Boeing Co’s bill for the 737 MAX grounding could balloon to more than $25 billion, analysts estimated on Wednesday, a day after the U.S. planemaker warned of further delay in returning its once best-selling jet to service.
Trading Ideas
Should You Worry About MannKind Corporation's (NASDAQ:MNKD) CEO Pay?
In 2017 Michael Castagna was appointed CEO of MannKind Corporation (NASDAQ:MNKD). This analysis aims first to contrast… …read more […]
Trading Ideas
Wall Street pegs Boeing's 737 MAX bill at more than $25 billion
The company has already booked $9 billion in costs related to the grounding, including $5.6 billion as compensation for airline customers and $3.6 billion in charges to cover additional production costs. Jefferies analyst Sheila Kahyaoglu said Boeing may now need to boost its compensation package for customers by another $10 billion and revise its cost estimate related to the 737 MAX’s production by an additional $5.4 billion. “Our estimates assume 737 MAX deliveries restart in Q3 2020,” Kahyaoglu said, lowering the brokerage’s price target on the stock to $390 from $420. …read more […]
Business News
PSA not sure if engines it delivered to Mitsubishi are part of German probe
French carmaker PSA said on Wednesday it did not know if 1.6 liter diesel engines it supplied to Japanese carmaker Mitsubishi between 2015 and 2018 are part of a probe in Germany.
Business News
Airbus hits record highs, 737 MAX buyers fall on latest Boeing news
Airbus’ shares hit record highs on Wednesday, after U.S. arch rival Boeing warned of further delay in returning its grounded 737 MAX airliner to service, while Boeing customers and suppliers fell on the news.
Business News
Oil falls as surplus forecast overshadows Libya disruption
Oil prices fell on Wednesday as a market surplus forecast by the International Energy Agency (IEA) outweighed concern over disruptions to Libya’s crude output.
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Airbus hits record highs, 737 MAX buyers fall on latest Boeing news
PARIS/LONDON (Reuters) – Airbus’ shares hit record highs on Wednesday, after U.S. arch rival Boeing warned of further delay in returning its grounded 737 MAX airliner to service, while Boeing customers and suppliers fell on the news. Boeing said on Tuesday that it did not expect to win approval for the 737 MAX to return to service until mid-year. Airbus was up by 1.85% at 138.9 euros at 1215 GMT, the top performer on France’s benchmark CAC-40 index after hitting a record high 139.32. …read more […]
Business News
Exclusive: Eurazeo hires banks for $2.2 billion sale of payments firm Planet – sources
European buyout fund Eurazeo has hired Citigroup and Evercore to prepare the sale of its payments business Planet in a deal that could value the Irish firm at up to 2 billion euros ($2.22 billion), three sources told Reuters.
Business News
J&J forecasts weak annual profit, misses revenue estimates
Johnson & Johnson on Wednesday forecast full-year profit largely below expectations, after posting a rare miss on quarterly revenue as sales of some of its major drugs fell short of Wall Street expectations.
Business News
Daimler profits halve on diesel and restructuring charges
Daimler warned its earnings halved in 2019 and it faced further charges of up to 1.5 billion euros ($1.7 billion)related to diesel pollution, in the latest blow to the German luxury carmaker.
Business News
S&P 500 aims for record open on IBM support, fading China virus fears
U.S. stock index futures pointed to fresh highs for the S&P 500 on Wednesday, as investors took heart from China’s efforts to contain a deadly virus outbreak, while strong results from IBM and Netflix boosted earnings optimism.