Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and said lowered production due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months had cost it at least $1 billion so far.
The return of the Boeing Co 737 MAX to service in the wake of two deadly crashes will be paced by global regulators and customers, the planemaker’s top executive said on Wednesday.
Ford Motor Co said on Wednesday it will invest $500 million in U.S. electric vehicle startup Rivian Automotive LLC, joining Amazon.com Inc in backing the potential rival to Silicon Valley’s Tesla Inc.
U.S. stocks pulled back slightly on Wednesday after a record-setting rally in the prior session, as investors digested a batch of mixed earnings reports.
Boeing removed 210 aircraft from its order backlog to reflect concerns about customer credit quality and took an impairment at its Boeing Capital financing unit on Thursday.
Developer Related Companies said on Tuesday one of its affiliates has agreed to buy the global headquarters of AT&T’s WarnerMedia in Manhattan for about $2.2 billion, in one of the city’s most expensive commercial real estate deals.
Ford Motor said on Wednesday it was investing $500 million in U.S. electric pickup truck startup Rivian Automotive LLC, becoming the latest deep pocket investor in the firm, which is seen as a potential rival to Silicon Valley’s Tesla Inc .
U.S. stocks opened little changed on Wednesday after a record-setting rally in the previous session, weighed down by mixed results from industrial bellwethers Boeing and Caterpillar.
Oil and gas producer Occidental Petroleum Corp on Wednesday made a $57 billion bid for Anadarko Petroleum Corp, topping Chevron Corp’s $50 billion offer and setting up the first hostile takeover battle for a major oil company in years.
Caterpillar Inc spooked investors for a second straight quarter on Wednesday with a 4 percent drop in Asia-Pacific construction equipment sales that pointed to more weakness in China, its key growth market.
Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and announced $1 billion in increased costs due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months.
Wall Street was set to open flat on Wednesday after a record-setting rally in the previous session, as investors assessed quarterly reports from industrial bellwethers Boeing and Caterpillar.
From snack companies to carmakers, a wide range of brands is trying to reach one of the hottest demographic groups around: esports fans.
AT&T Inc’s quarterly revenue fell short of Wall Street estimates on Wednesday after it lost more than half a million pay-TV subscribers and its main wireless business reported lower-than-expected sales.
Domino’s Pizza Inc’s first-quarter profit beat Wall Street estimates on Wednesday, as it booked more revenue and royalties from franchisees across the globe.
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