Spirit Aero CFO resigns on accounting irregularity, shares fall 7%
Spirit AeroSystems on Thursday said its chief financial officer had resigned after the company identified some accounting irregularities, adding to the woes of the aero-parts maker as it grapples with the 737 MAX crisis.
Turnaround costs push Deutsche Bank to $6 billion loss
Deutsche Bank plunged to a bigger than expected loss of 5.7 billion euros ($6.3 billion) last year, its fifth in a row, as the cost of its latest turnaround attempt hit earnings.
Coke, Fuze tea demand drive Coca-Cola’s quarterly revenue beat
Coca-Cola Co’s quarterly revenue beat market expectations on Thursday, driven by the beverage maker’s signature soda, Fuze teas and coffees in North America and emerging markets.
Oil falls 2% on spread of China virus
Oil prices fell on Thursday on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting.
Spirit Aero to restart production of 737 MAX parts
Spirit AeroSystems said on Thursday it would gradually restart production of parts for Boeing Co’s 737 MAX jets and deliver 216 shipsets in 2020.
Jaguar-Land Rover parent warns of hit to profit from China virus outbreak
The coronavirus outbreak in China could hit profits at luxury car brands Jaguar and Land Rover, parent Tata Motors said on Thursday, the latest company to warn of an impact from the epidemic that has killed 170 people and forced businesses to suspend …
Futures fall as China epidemic raises growth concerns
U.S. stock index futures tumbled on Thursday, as the deadly coronavirus epidemic fanned concerns of a further slowdown in economic growth in China, with a mixed batch of corporate earnings from U.S. technology firms also weighing on sentiment.
Verizon subscriber addition beats estimates on Disney+ boost
Verizon Communications Inc on Thursday added more monthly mobile phone subscribers than expected as it benefited from including the Disney+ streaming service with some of its plans.
Renault-Nissan can overhaul alliance without ownership change, chairman says
Renault and Nissan can improve their alliance without altering their ownership structure, the chairman of the Franco-Japanese partnership said on Thursday, rolling back a previous push towards a full-blown merger that rankled Nissan.
Stocks down, safe havens up on China virus worries
Stocks across the world tumbled on Thursday as the death toll from a virus spreading in China reached 170, forcing airlines to cut flights and stores to close as the potential economic hit from the outbreak came into focus.
