Friday 8 February 2019

Daily Investor Update: Boeing records $2.31 billion reach-forward losses on tanker program over 3 years

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Boeing records $2.31 billion reach-forward losses on tanker program over 3 years

Boeing said on Friday it had recorded reach-forward losses of $2.31 billion related to the U.S. Air Force KC-46A tanker program over 2016, 2017 and 2018.

Persisting trade worries send Wall Street lower

The benchmark S&P 500 index fell for a third straight day on Friday as skepticism over the United States and China reaching a trade deal before a looming deadline added to concerns over slowing global growth.

National Enquirer owner defends reporting on Amazon's Bezos

The owner of U.S. tabloid newspaper the National Enquirer pushed back on Friday against accusations of "extortion and blackmail" from Amazon.com Inc Chief Executive Jeff Bezos, saying its reporting on an extramarital relationship involving the world's richest man was lawful and it would investigate his claims.

World stocks poised for weekly loss; dollar firms again

World stocks fell for a third straight day on Friday on pessimism about global economic growth and trade tensions, putting them on track for their first weekly drop this year, while the U.S. dollar was on track for its biggest weekly gain since August.

Amazon reconsiders New York headquarters over local opposition: Washington Post

Amazon.com Inc is reconsidering locating part of its new headquarters in New York because of local opposition, the Washington Post reported on Friday, citing two people familiar with the retailer's thinking.

U.S. prosecutors weigh if American Media violated immunity deal: Bloomberg

U.S. prosecutors are reviewing whether National Enquirer parent company American Media Inc violated an earlier agreement granting it legal immunity in exchange for cooperation given the tabloid's handling of a story about Amazon.com Inc Chief Executive Jeff Bezos, Bloomberg News reported on Friday.

Ryanair CEO's new share option scheme targets doubling profit in 5 years

Ryanair's Chief Executive Michael O'Leary could earn almost 100 million euros ($113 million) if he doubles either the profitability or share price of the carrier within five years, under a new share option scheme announced on Friday.

GM Canada's Oshawa production stops due to Lear strike

Production at General Motors' Oshawa assembly plant in Canada came to a stop at about 12:30 p.m. EST (1730 GMT) on Friday, a spokesman said, after the U.S. automaker exhausted its supply of seats from Lear Corp, where workers are striking.

Trump official slams cartels as U.S. lawmakers push anti-OPEC bill

A senior administration official said on Friday that U.S. national security depends on affordable energy, and slammed cartels when asked if President Donald Trump would support a bill targeting the OPEC production group's oil supply cuts.

GM Canada says Oshawa production stopped due to supplier strike

Production at General Motors' plant in Oshawa, Ontario, stopped at approximately 12:30 p.m. EST on Friday, a spokesman said, after the U.S. automaker exhausted its on-hand supply of seats from Lear Corp, where workers are striking.

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