Bolts appeared missing from Alaska Air plane
In this photo released by the National Transportation Safety Board, investigator-in-charge John Lovell examines the fuselage plug area of Alaska Airlines Flight 1282 in Portland, Oregon, on Jan. 7, 2024. National Transportation Safety Board via AP Bolts appeared to have been missing from a door plug that blew out midair on Boeing 737 Max 9 […]
Spirit AeroSystems to start addressing ‘human factors’ in Boeing 737 production
Shares of Spirit AeroSystems Holdings Inc. seesawed to a gain Tuesday, after the aircraft-components maker reported a surprise fourth-quarter profit, but Chief Executive Pat Shanahan focused his comments on steps taken after the Jan. 5 incident on a Boeing 737 Max 9. Shanahan said since the incident, the focus of the company SPR, +5.20% has […]
GE Healthcare beats fourth-quarter earnings estimates to offset profit guidance
GE HealthCare Technologies Inc.’s stock rose 1.9% early Tuesday, after the company posted better-than-expected profit and revenue for the fourth quarter, offsetting soft profit guidance for 2024. GE HealthCare GEHC, -0.68%, which was spun out of General Electric Co. GE, +0.86% in January of 2023 and houses its medical device business, posted net income of […]
Eli Lilly (LLY) earnings Q4 2023
Eli Lilly logo is shown on one of the company’s offices in San Diego, California, U.S., September 17, 2020. Mike Blake | Reuters Eli Lilly on Tuesday reported fourth-quarter revenue and adjusted earnings that topped expectations on the strong launch of its new weight loss drug, Zepbound, and higher prices for its blockbuster diabetes drug, Mounjaro. […]
Novartis to bolster its oncology portfolio with acquisition of MorphoSys
Novartis AG on Monday announced it has agreed to buy German biopharmaceutical company MorphoSys AG for 2.7 billion euros ($2.9 billion). Under the deal, Switzerland-based Novartis would acquire pelabresib, a potential treatment for myelofibrosis, and the anti-tumor drug tulmimetostat. “With the planned acquisition of MorphoSys, we aim to further strengthen our leading pipeline and portfolio […]
Super Micro board member buys over $1 million in stock after 600% yearly surge
Super Micro Computer Inc. shares have surged more than 600% over the past year, but one board member just sent a signal of confidence by buying up stock. Fred Chan, who’s spent just over three years on the storage and server company’s board, scooped up 2,000 Super Micro shares SMCI, +14.44% Thursday at $568 apiece, […]
McDonald’s and Starbucks blame Israel-Hamas war for slower sales
People dit at McDonald’s outdoor seating after going out on a Saturday night along Rothschild Street on June 11, 2022 in Tel Aviv, Israel. Alexi Rosenfeld | Getty Images McDonald’s and Starbucks, two of the biggest U.S. restaurant companies, both said the Israel-Hamas war hurt their sales at the end of last year. Shares of […]
Bond-market selloff driven by ‘higher for longer’ fears leads to two-day losses
Another batch of strong U.S. economic data coupled with weekend remarks from Federal Reserve Chairman Jerome Powell shook financial markets on Monday, sending long-term Treasurys to their biggest two-day losses since at least 2022.Investors and traders aggressively sold off 2-year notes BX:TMUBMUSD02Y through 30-year bonds BX:TMUBMUSD30Y, pushing their corresponding yields higher by 10 basis points […]
Mortgage rates back over 7%, as stronger economic data rolls in
This photo taken on Aug. 22, 2023 shows an advertisement in front of a real estate for sales in Millbrae, California, the United States. The sales of previously owned homes in the United States dropped 2.2 percent in July from June to a seasonally adjusted, annualized rate of 4.07 million units, the National Association of […]
Elanco’s stock heads for 18-month high as company sells aqua business for $1.3 billion
Elanco Animal Health Inc.’s stock was headed for an 18-month high on Monday after the company said it has agreed to sell its aqua business to Merck Animal Health for $1.3 billion in cash, in a move aimed at helping the company focus on promising pipeline products. Greenfield, Ind.-based Elanco ELAN, +5.87%, which makes products […]
