Pandemic Drives More Boeing Job Cuts
The aerospace giant is reviewing jet production levels and plans to shed another 7,000 jobs by the end of next year in response to the mounting toll on the global airline industry from a fresh global surge in coronavirus cases.
GE's Cost Cuts Offset Troubles in Aviation Unit
The conglomerate reported another quarter of shrinking revenue due to the trouble aviation industry, but posted a smaller loss and generated cash from its industrial operations.
Sony Gets Lift From Stay-at-Home Demand Ahead of PlayStation 5 Launch
Sony raised its forecast for its full-year operating profit by nearly $800 million, capping a strong run of results by Japanese electronics makers benefiting from China's revived economy and pandemic technology trends.
Blackstone Earnings Tick Higher as Tech Lifts Portfolio
The firm posted slightly higher net earnings for the third quarter as its focus on tech-related investments helped its private-equity portfolio rise above broader markets.
UPS Posts Strong Gains as Package Volumes Swell
United Parcel Service said revenue rose nearly 16% in the third quarter as its business continues to be boosted by the influx of packages moving domestically and internationally during the pandemic.
Deutsche Bank Swings to Profit, Lowers Bad-Loan Provisions
The lender returned to a third-quarter profit, beating expectations as it benefited from a strong performance in investment banking and a faster-than-anticipated recovery in its home market.
Six Flags Shares Fall After Swinging to 3Q Loss
Shares of Six Flags Entertainment fell sharply in premarket trading after the theme-park operator swung to a third-quarter loss as revenue slid almost 80%, a continuation of the Covid-19 pandemic's toll on the tourism industry.
Vista's Robert Smith Plays Down Co-Founder Brian Sheth's Potential Exit
Vista Equity Partners has reorganized in recent months to reduce its dependence on any one person or strategy, CEO Robert Smith has told investors.
Scopely, a Mobile Gaming Company, Collects $340 Million in New Fundraising
Valued at $3.3 billion following its Series E fundraising, Scopely is riding a wave of videogaming (and cash-raising) during the pandemic.
Heineken to Buy Strongbow Cider Brand
Heineken will buy cider brand Strongbow from Asahi in Australia, after the Japanese firm put up those assets for sale to meet regulatory requirements.
(END) Dow Jones Newswires