Bombardier Inc. has given up trying to compete in the commercial aerospace market by selling its remaining stake in the 100-150 seat A220 program to its joint venture partner Airbus SE. The $1.5 billion full-year net loss that Airbus announced, alongside that deal, is a painful reminder of why Bombardier’s own large jet ambitions always looked doomed. In theory, building ...

How cheap would you like your natural gas today? Is zero low enough? OK, how about we pay you to take it off our hands? That’s what’s happening in the middle of the US shale patch at the moment — and it’s a symptom of a glut that could reshape energy markets across the world in the coming years. Gas ...

It’s never good when a CEO has to kick off his company’s year-end earnings report, as Kraft Heinz Co.’s did by saying: “While our 2019 results were disappointing …” Disappointing is putting it mildly, though. Try miserable. To recap: It was one year ago this month that the packaged-food manufacturer suffered a $15.4 billion writedown because of damage — largely ...