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Boeing reports Q4 results, hit by $3.5 billion cash flow loss due to labor issues and defense charges; eyes new future after stabilizing business
Published on: January 24, 2025, 08:02 AM UTC
Monte dei Paschi di Siena launches €13.3 billion all-share buyout offer for Mediobanca
Published on: January 24, 2025, 08:00 AM UTC
Saudi Arabia aims to become self-sufficient in poultry production, doubling output over the past decade. The country seeks to reduce imports by investing in domestic production and partnerships with global poultry producers.
Published on: January 24, 2025, 07:02 AM UTC
Kia Corp. reports 2024 operating profit of $8.85 billion, up 10.2% from Q4 2023. Revenue and operating profit targets set for 2025.
Published on: January 24, 2025, 07:02 AM UTC
China's consumer goods trade-in stimulus scheme boosted 2024 consumption growth by over 1 percentage point. China plans to further expand the scheme and unveil more consumption-boosting measures this year.
Published on: January 24, 2025, 07:01 AM UTC
Ericsson reports Q4 revenue and profit rise on North American growth
Published on: January 24, 2025, 07:00 AM UTC
The Bank of Japan raised interest rates on Friday, reflecting growing optimism that wages will continue rising and keep inflation at the 2% target.
Published on: January 24, 2025, 06:02 AM UTC
Published on: January 24, 2025, 06:02 AM UTC
Boeing (BA) reports preliminary Q4 results, estimates $3.5B operating cash flow loss due to IAM work stoppage, workforce reductions, and defense business changes. Revenue of $15.2B vs. $16.76B estimates; GAAP loss per share of $5.46 vs. estimated $1.32 loss. Pre-tax charges of $1.7B expected in defense and space business.
Published on: January 24, 2025, 06:01 AM UTC
South Korean automaker Kia Corp. reported an operating profit of 12.67 trillion won ($8.85 billion) for 2024, with its fourth quarter performance up 10.2% from the previous year. Its revenue target for 2025 is 112.5 trillion won, while its operating profit target is 12.4 trillion won.
Published on: January 24, 2025, 06:00 AM UTC