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The aerospace giant is contracted to deliver two converted 747-8 jumbo jets by the end of 2024, but has been forced to switch suppliers for some of the interior work on the planes......»»

U.S. private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy. Fred Katayama reports.....»»

Southwest Airlines said the pandemic that tanked air travel demand in the last few weeks of March caused a $94 million net loss during the first quarter. As Fred Katayama reports, it also issued a bleak outlook for April and May.......»»

Delta Air Lines lost $534 million in the latest quarter. As Fred Katayama reports, the carrier sees revenue in the current quarter plummeting 90%......»»

Shake Shack said Monday it will return the small business loan it got from the U.S. government, making it the first major company to hand back money provided to help businesses ride out the healthcare crisis. Fred Katayama reports......»»

French automaker Renault is ditching its main passenger car business in China following poor sales at the loss-making venture with Dongfeng Motor Group. Ciara Lee reports.....»»

General Electric said Monday its aviation business making jet engines will cut its U.S. workforce by about 10%. Fred Katayama reports......»»

Semiconductor maker Broadcom (NASDAQ: AVGO) has Netflix in its sights for a new lawsuit, saying the streaming entertainment giant has infringed on eight of its patents, which in the process led to a decline in Broadcom’s business. Variety reports th.....»»

ViacomCBS posted a loss in its first quarterly report since the two companies merged late last year. As Fred Katayama reports, adjusted earnings dropped and widely missed analysts' estimates......»»

U.S. Secretary of State Mike Pompeo urged governors of U.S. states to adopt a "cautious mindset" when doing business with China. Fred Katayama reports......»»

A 40-day union strike and weakness in China hurt GM's bottom line in the latest quarter, and the auto maker forecast flat profit for this year. Fred Katayama reports......»»

Net Loss Improves to ($0.6) Million as All Three Business Units Deliver Prof.....»»

Merck buys ArQule for $2.7 billion; Synthorex sells itself to Sanofi for $2.5 billion, and UnitedHealth buys Diplomat Pharmacy. Fred Katayama reports......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

J.C. Penney slashed its quarterly loss by boosting its margins and reducing ad spending. As Fred Katayama reports, the struggling retailer is trying to lure new shoppers by testing store layouts and adding new services and experiences......»»

U.S. economic growth slowed less than expected in the third quarter. Resilient consumer spending offset declining business investment. As Fred Katayama reports, that allayed fears of a recession......»»

U.S. manufacturing activity shrank for the first time in three years in August. As Fred Katayama reports, new orders and hiring declined as trade tensions weighed on business confidence......»»

U.S. manufacturing activity shrank for the first time in three years in August. As Fred Katayama reports, new orders and hiring declined as trade tensions weighed on business confidence......»»

STAMFORD, Conn., Aug. 23, 2019 (GLOBE NEWSWIRE) -- Patriot National Bancorp, Inc. ("Patriot," "Bancorp" or the "Company") (NASDAQ:PNBK), the parent company of Patriot Bank, N.A......»»

Madison Square Garden Co. reported Tuesday a wider fiscal fourth-quarter loss and revenue that fell more than expected, amid weakness in its MSG Sports business. The stock was still i.....»»