Boeing supplier Spirit Aero flags $31 million hit from 737 fuselage defect

Spirit AeroSystems Holdings Inc said on Wednesday it expects a $31 million hit to full-year gross profit from disruptions and rework related to affected 737 MAX fuselages.

newspaper

03-05-2023

Kraft Heinz lifs profit outlook on price hikes, steady demand

Kraft Heinz raised its full-year profit forecast on Wednesday, as price hikes and resilient demand help the Jell-O maker cushion the blow from higher commodity costs.

newspaper

03-05-2023

Dollar dips as job openings fall, Fed meeting in focus

The dollar fell Tuesday after data showed that U.S. job openings fell in March, a day before the Federal Reserve is expected to hike interest rates by an additional 25 basis points.

newspaper

02-05-2023

Revlon emerges from bankruptcy after lender takeover

(Reuters) -Revlon Inc said on Tuesday that it has emerged from bankruptcy after cutting more than $2.7 billion in debt and handing control of the beauty products company to its lenders.

newspaper

02-05-2023

As lithium miners gear up for first-quarter earnings, investors focus on tumbling prices

U.S. lithium miners Albemarle and Livent are expected to report a rise in quarterly profit this week, but investor focus will likely be on how they plan to navigate the slide in prices for the metal used in electric-vehicle batteries.

newspaper

02-05-2023

White House says Toyota 'fully committed' to electrifying auto fleet

White House senior adviser John Podesta said Toyota Motor Corp is "fully committed" to electric vehicles after he met recently with senior company officials.

newspaper

02-05-2023