Recent Posts

Boeing $5.5 billion tab for 787 eclipses rare cash flow gain

Bloomberg Boeing Co dropped as the planemaker recorded $5.5 billion in total costs for the 787 Dreamliner, wiping away any near-term profit for the marquee wide-body jet. The charges also overshadowed some rare good news. The aviation titan surprised Wall Street by generating cash for the first time since early 2019: $494 million in free cash flow in the fourth ...

Read More »

UK’s Joules falls 41% on profit warning

  Bloomberg Joules Group Plc shares plummeted after the British retailer joined a growing list of companies to warn that supply chain issues and Covid infections are hurting earnings. The stock dropped 41% in early trading in London Tuesday, the most on record. The company has faced stock delays, rising freight costs and fewer customers visits to stores due to ...

Read More »

One year after coup, US to slap new sanctions on Myanmar

  Bloomberg The US issued fresh sanctions against people and entities linked to Myanmar’s military that seized control of the government a year ago, with President Joe Biden warning “further costs” will be imposed as long the junta doesn’t hold elections. Seven people including Myanmar government officials and businessmen as well as a private logistics company and an army-run procurement ...

Read More »
Send this to a friend