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PARIS/HONG KONG (Reuters) – Airbus cut its full-year delivery goal for commercial jets on Wednesday, as the planemaker struggles with production delays at a newly expanded German plant. Europe’s largest aerospace group expects to deliver “around 860” airliners in 2019 instead of the 880-890 previously targeted, the company said as it posted 1.6 billion euros ($1.78 billion) in adjusted operating income for the third quarter. The revised delivery numbers and outlook “reflect the underlying actions to secure a more efficient delivery flow in the next years”, Chief Executive Guillaume Faury said in the company statement. …read more […]

Sony Corp on Wednesday said quarterly operating profit jumped 16% on robust image sensor sales, its strongest-ever result for the second quarter, and it raised its full-year earnings outlook. Sony raised its annual profit forecast to 840 billion yen from an earlier estimate of 810 billion yen. Apple, for instance, added a third lens to the iPhone 11 Pro model, matching the three-camera setup on flagship models for rivals like Samsung Electronics Co Ltd and Huawei Technologies Co Ltd [HWT.UL]. …read more […]

(Bloomberg) — Five months ago, PG&E Corp. Chief Executive Bill Johnson walked into a room full of California lawmakers and told them he was the man who would fix the state’s largest utility.Johnson was 15 days on the job, and PG&E had just been found to have caused California’s Camp Fire, which killed 86 people, leveled an entire town and landed the company in the biggest utility bankruptcy in U.S. history. “Let’s not do it again,” he said.This week, PG&E proved its problems are far from fixed. The company’s equipment is being probed as the potential cause of at least …read more […]

(Bloomberg) — Soho China Ltd. is considering selling a majority of its commercial property holdings in deals that may fetch as much as $8 billion, according to people familiar with the situation.At least eight office towers in Beijing and Shanghai are being discussed as part of the planned sales, said the people, who asked not to be named because the discussions are private.An initial batch of projects worth as much as $3 billion is being shopped to potential buyers, the people said. Sovereign wealth funds and private equity groups are among those being approached, one of the people said. Talks …read more […]

Q4 2019 Sanmina Corp Earnings Call …read more […]