Posts with tag: robotics
Boeing estimates a $3.5 billion loss due to the IAM strike, workforce reductions, and changes in its defense business. Quarterly revenue is expected to be $15.2 billion with a GAAP loss per share of $5.46. The company laid off hundreds of workers and reduced its headcount by 10%. Despite near-term challenges, Boeing is taking steps to stabilize its business, including a successful capital raise to improve its balance sheet.
Published on: January 24, 2025, 10:01 AM UTC
Boeing (BA) pre-announces a Q4 operating cash flow loss of $3.5 billion and revenue of $15.2 billion. The company projects a GAAP loss per share of $5.46 and pre-tax charges of $1.7 billion in its defense and space business.
Published on: January 24, 2025, 09:01 AM UTC
Italian banking giant Monte Paschi di Siena SpA offers to acquire rival Mediobanca SpA in a €13.3 billion all-share deal, marking the latest twist in a series of takeover attempts involving Italy's banking industry.
Published on: January 24, 2025, 09:01 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
Oil heads for first weekly decline of 2023 as Trump weighs trade wars and asks OPEC to lower prices
Published on: January 24, 2025, 07:01 AM UTC
Singapore's central bank has loosened its monetary policy settings for the first time in nearly five years due to expectations of abating price pressures and slowing growth momentum. The bank reduced the slope of its policy band, indicating confidence in the disinflation path despite risks from trade frictions. Core inflation is forecast to average 1%-2% this year, down from the previous estimate of 1.5%-2.5%. The Singapore dollar weakened slightly against the dollar following the policy decision.
Published on: January 24, 2025, 03:01 AM UTC
Boeing projects greater-than-expected Q4 loss amid strike impacts and defense unit charges.
Published on: January 23, 2025, 10:00 PM UTC
Electric vehicle creator Rivian unveils plans for advanced hands-free and eyes-off driver assistance systems by 2026.
Published on: January 23, 2025, 10:00 PM UTC
Trump demands lower interest rates, hints at clash with Fed Chair Powell
Published on: January 23, 2025, 08:02 PM UTC
President Trump rolled back a Biden administration executive order aimed at lowering prescription drug prices, including an initiative to make more generic drugs available to Medicare patients for just $2 a prescription.
Published on: January 23, 2025, 08:02 PM UTC