Edition:
India

Ankit Ajmera

Deere signals recovery as U.S. farmers to benefit from relief program

22 May 2020

Deere & Co on Friday topped quarterly sales and profit estimates and forecast a smaller-than-expected fall in farm equipment sales for the year, signaling a recovery in demand for its harvesters and tractors.

Airlines say ticket cancellations slowing; business models may change

20 May 2020

Top U.S. airlines and Air Canada on Tuesday reported slower ticket cancellations and an improvement in bookings on some routes, though executives said overall demand remained weak and changes to travel rules may force new business models.

Boeing sees zero orders again in April, MAX cancellations mount

12 May 2020

Boeing Co recorded zero orders for the second time this year in April and customers canceled another 108 orders for its grounded 737 MAX plane compounding its worst start to a year since 1962.

Boeing sees zero orders again in April, MAX cancellations mount

12 May 2020

May 12 Boeing Co recorded zero orders for the second time this year in April and customers canceled another 108 orders for its grounded 737 MAX plane compounding its worst start to a year since 1962.

Marriott profit misses as bookings, revenue per room plunge

12 May 2020

U.S. hotel operator Marriott missed already lowered estimates for first-quarter profit by a huge margin on Monday, as bookings plunged due to the coronavirus-led lockdowns that kept a quarter of its hotels closed.

Spirit AeroSystems says coronavirus worsened its cash flow outlook

06 May 2020

Aircraft parts maker Spirit AeroSystems Holdings Inc said on Wednesday that its cash flow outlook for the year had worsened as top customers Boeing Co and Airbus SE cut production due to the COVID-19 pandemic.

UPDATE 1-Spirit AeroSystems says coronavirus worsened its cash flow outlook

06 May 2020

May 6 Aircraft parts maker Spirit AeroSystems Holdings Inc said on Wednesday that its cash flow outlook for the year had worsened as top customers Boeing Co and Airbus SE cut production due to the COVID-19 pandemic.

Auto parts maker BorgWarner on track to close Delphi buyout this year

06 May 2020

Auto parts maker BorgWarner said on Wednesday it had resolved a dispute with UK-based smaller rival Delphi Technologies and was on track to acquire it by the second half of 2020.

Boeing to shrink workforce, raise cash as coronavirus slams jet industry

30 Apr 2020

Boeing Co said on Wednesday it would cut its 160,000-person workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as it prepares for a years-long industry recovery from the coronavirus pandemic that drove its second consecutive quarterly loss. | Video

Harley boosts cash reserves as coronavirus hits demand

28 Apr 2020

Harley-Davidson Inc slashed its dividend and halted share buybacks on Tuesday to boost its cash reserves as global lockdowns due to the coronavirus pandemic hit motorcycle demand in the first quarter.

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