Business & Finance News
Spirit AeroSystems on Thursday said its chief financial officer had resigned after the company identified some accounting irregularities, adding to the woes of the aero-parts maker as it grapples with the 737 MAX crisis.
Deutsche Bank plunged to a bigger than expected loss of 5.7 billion euros ($6.3 billion) last year, its fifth in a row, as the cost of its latest turnaround attempt hit earnings.
U.S. stock index futures pared some losses on Thursday after data showed domestic economy rose at a 2.1% annualized rate in the fourth quarter, in line with expectations.
Coca-Cola Co’s quarterly revenue beat market expectations on Thursday, driven by the beverage maker’s signature soda, Fuze teas and coffees in North America and emerging markets.
Oil prices fell on Thursday on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting.
The coronavirus outbreak in China could hit profits at luxury car brands Jaguar and Land Rover, parent Tata Motors said on Thursday, the latest company to warn of an impact from the epidemic that has killed 170 people and forced businesses to suspend operations.
U.S. stock index futures tumbled on Thursday, as the deadly coronavirus epidemic fanned concerns of a further slowdown in economic growth in China, with a mixed batch of corporate earnings from U.S. technology firms also weighing on sentiment.
Spirit AeroSystems said on Thursday it would gradually restart production of parts for Boeing Co’s 737 MAX jets and deliver 216 shipsets in 2020.
Stocks across the world tumbled on Thursday as the death toll from a virus spreading in China reached 170, forcing airlines to cut flights and stores to close as the potential economic hit from the outbreak came into focus.
Verizon Communications Inc on Thursday added more monthly mobile phone subscribers than expected as it benefited from including Disney+ streaming service with some of its plans.
Coca-Cola Co on Thursday reported better-than-expected quarterly sales driven by demand for its sparkling soft drinks, teas and coffees in North America and emerging markets.
Renault and Nissan can improve their alliance without altering ownership, the chairman of the Franco-Japanese partnership said on Thursday, rolling back from a previous push toward a full-blown merger that had rankled Nissan.
NBCUniversal was fined 14.3 million euros ($15.86 million) by the European Union on Thursday for illegally restricting sales of merchandise linked to films such as “Minions”, as the bloc cracks down on practices blocking cross-border online trade.
Oil prices fell on Thursday on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting.
The alliance between France’s Renault SA and Japan’s Nissan Motor Co remains strong, but its members share a sense of urgency, the alliance’s chairman said on Thursday.
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