Hints and tips:
...It spent more than $43bn on share repurchases between 2013 and 2019, according to data from S&P Global Market Intelligence. It was able to pay for that by cost savings on its aircraft programme....
...Shares in Boeing gained 1.7 per cent after the aircraft manufacturer announced that chief executive Dave Calhoun would step down at the end of the year....
...It was also good that chief executive Dave Calhoun focused solely on safety issues, leaving the numbers to the CFO....
...Treasuries rallied and the S&P 500 fell 1.6 per cent. [MUSIC PLAYING] The European Union is locked in a battle with Hungary’s prime minister, Viktor Orbán....
...By midweek, United Airlines and Alaska Airlines had discovered loose parts on other Max 9 jets, indicating that the issue forcing flight 1282’s emergency landing wasn’t simply a freak one-off....
...Dave Calhoun, Boeing’s chief executive, is stepping down....
...Economic data: S&P Global publishes its manufacturing and services purchasing managers’ indices for the US....
...Pay to CEO David Calhoun increased 6.6 per cent in 2022 to $22.5mn for last year, the company said....
...Pledges by senior managers, including chief executive Dave Calhoun, to improve quality and engineering processes have fallen short....
...Senior executives across a host of S&P 500 companies gave optimistic updates on the labour market in recent quarterly earnings reports....
...Boeing chief executive David Calhoun, for example, told analysts that “we’ve had no trouble hiring people”, and said pressures through its supply chain had “really ease[d] up”....
...“We still would like to deliver planes to China,” said David Calhoun, Boeing chief executive....
...The FT looked at quarterly reports from the most recent earnings season and found that senior executives at S&P 500 companies kind of like the employment environment they’re in....
...The National Transportation Safety Board later found that the cacophony of alerts from the 737’s old-fashioned system overwhelmed the pilots and contributed to the crashes....
...The Chicago-based company said this month that the majority of the more than one hundred 787s already produced will not be delivered this year — contrary to assurances made by chief executive David Calhoun...
...“If it goes on for too long, I pay a price,” Dave Calhoun, Boeing’s chief executive, told a conference last month....
...Its full-year net loss of $11.9bn on $58.2bn in revenue, a drop of 24 per cent compared with 2019, plummeted past 2019’s $636m loss....
...S&P Global Ratings said the company’s 2020 cash outflow is expected to range between $19bn and $20bn, up from a previous forecast of $12bn....
...Analysts with S&P Global on Wednesday had downgraded Boeing to triple-B minus, the lowest rating in investment grade territory, and warned that the company’s “earnings and cash flow are now likely to be...
...Boeing’s stock fell 1.5 per cent, even as the S&P 500 rose more than 1 per cent....
...David Calhoun, Boeing chief executive, said in a May 12 interview that a big US carrier would “most likely” file for bankruptcy this year....
...Deliveries of 380 were down by more than half on 2018’s 806, and the lowest since 2008....
...But S&P warned last week that a second downgrade could be coming and that it was reviewing the A-minus rating it gave Boeing just last month....
...Despite the ructions in the markets, speakers on Moral Money’s panel from AllianceBernstein, DWS, Glenmede, Goldman Sachs and S&P Global were unanimous in predicting that ESG strategies would continue to...
...Next week is set to be one of the busiest of this earnings season, with 145 companies in the S&P 500 scheduled to report results and the bulk of them crossing on Wednesday and Thursday....
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