Airbus Sticks to Plane Delivery Goal, Ramps Up A350 Production

Airbus posted higher revenue and profit for the first quarter, backed its goal to deliver more planes this year than in 2023 and decided to increase production of its A350 wide-body jets, extending its lead over beleaguered rival Boeing. 


 
Toyota Makes $1.4 Billion EV Investment in Indiana Facility

The latest financing effort follows an additional $1.3 billion investment at its flagship Kentucky facility. 


 
Mining Giants Weigh $39 Billion Megadeal

Mining giant BHP has offered to buy longtime rival Anglo American in a deal that could reshape the global industry. 


 
Southwest to Exit Four Airports as Boeing's Problems Ripple Through Industry

Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes. 


 
Caterpillar Stock Falls After Earnings. Here's Why.

Caterpillar reports adjusted first-quarter earnings of $5.60 a share. Wall Street expected profit of $5.14. 


 
S&P Cuts Boeing's Ratings Outlook to Negative

A purchase of Spirit AeroSystems would "introduce additional potential headwinds for Boeing on its path to cash flow and leverage recovery," the agency said. 


 
Bristol Myers Squibb shares fall amid sluggish sales of some newer drugs

Bristol Myers Squibb shares fell early Thursday after the company reported better-than-expected first-quarter results but said it would cut about 2,200 jobs this year. 


 
Hertz to sell 10,000 more EVs than planned, and stock suffers record plunge

Hertz's stock resumed its selloff on Thursday, after the rental car company reported a much wider-than-expected first-quarter loss, and significantly expanded its plan to sell off its electric vehicles. 


 
Comcast Earnings Top Estimates on a Rise in Peacock Subscribers. The Stock Tumbles.

Comcast says Peacock revenue in the first quarter increased 54% to $1.1 billion, while paid subscribers jumped 55% to 34 million. 


 
GE Vernova Stock Falls After Earnings Beat. That Makes Sense.

GE Vernova stock is down after the company reported better-than-expected first-quarter results. The reaction to Thursday's earnings came on Tuesday.


(END) Dow Jones Newswires

04-25-24 1315ET