Recent Posts

Boeing warns it may halt 737 Max output

Bloomberg Boeing warned it will consider slowing or even temporarily halting production of 737 Max, the company’s most important jetliner, if a global flying ban drags on longer than anticipated. The planemaker’s best estimate is that it will submit software updates and paperwork for the Max by September to the US Federal Aviation Administration (FAA), followed weeks later by approval ...

Read More »

Advent to buy UK defense firm Cobham in $5bn deal

Bloomberg US buyout firm Advent International Corp agreed to acquire UK defense and aerospace company Cobham Plc for about 4 billion pounds ($5 billion), as cash-flush private-equity firms seek targets in Britain. Cobham shareholders will receive 165 pence a share in cash, a 34 percent premium to the closing price, the companies said. The stock traded 35 percent higher at ...

Read More »

Chipotle stock rises on strong earnings

Bloomberg Chipotle Mexican Grill Inc jumped after second-quarter earnings showed the burrito chain’s investment in digital ordering, delivery and advertising is paying off. Same-store sales, a key gauge of success for restaurants, rose 10 percent, compared with the 8.4 percent projected by analysts surveyed by Consensus Metrix. That’s the 10th straight quarter in positive territory and shows the company is ...

Read More »
Send this to a friend