Recent Posts

Boeing shares dive on SEC accounting probe talk

New York / AFP US aerospace giant Boeing’s shares dived amid speculation that regulators are investigating its accounting for its 787 and 747 aircraft. In midday trade, shares in the Dow member were down about 10 percent at $104.44. The Securities and Exchange Commission (SEC) has opened a probe on Boeing’s profitability forecasts for the long-haul 787 and 747 jetliners, ...

Read More »

Woeful Wal-Mart gets lift as Mexican unit stays bullish on 2016

Mexico / Bloomberg Wal-Mart de Mexico SAB, a bright spot for its struggling US-based parent company, will benefit this year as a weak peso spurs an increase in remittances while inflation remains in check, Chief Financial Officer Pedro Farah said. Latin America’s biggest retailer also plans to invest more in e-commerce and sell non-core businesses such as its Suburbia apparel ...

Read More »

Lufthansa keeps A320neo inside Germany until Pratt engine fixed

Berlin / Bloomberg Deutsche Lufthansa AG, the sole airline so far to take delivery of Airbus Group SE’s new A320neo model, will limit the plane to domestic German routes until glitches with the engine cooling system are resolved in coming weeks. Lufthansa has flown its first A320neo between Frankfurt, Hamburg and Munich since receiving the aircraft in January, and the ...

Read More »
Send this to a friend