Boeing Burns Through $4 Billion of Cash and Scales Back 737 MAX Production

The aircraft maker has cut production to fix quality problems after door-panel blowout. 


 
Amazon Introduces Custom AI Capabilities in Race Against Cloud Rivals

The company's cloud-computing unit hasn't made as big a splash as its rivals in AI, betting instead that businesses want to use a variety of AI models. 


 
Biogen Stock Rises After Earnings, Jump in Sales of Alzheimer's Drug

Sales of the Alzheimer's treatment nearly triple relative to the fourth quarter of 2023. 


 
Elon Musk Needs Cheaper Teslas to Pay for Everything Else He Wants

Tesla's plan for a more affordable model that might revive growth and cash flows has been accelerated at the expense of ambition. 


 
Michelin Backs Targets After Weaker Demand Hurts Sales

Sales for the French tire manufacturer fell to EUR6.64 billion from EUR6.96 billion in the first quarter of last year. 


 
AT&T's stock rallies after a big subscriber boost and a beat on free cash flow

AT&T delivered a sharp boost in free cash flow for the first quarter, while delivering a beat on that closely watched metric. 


 
Moncler Sales Beat Forecasts Amid Solid Demand in China

The Italian luxury-fashion company said revenue for the Moncler brand grew 26% in Asia. 


 
Prada Posts Higher Revenue Despite Luxury Slowdown

Prada reported an increase in revenue for the first three months of the year, despite what it called a more challenging market environment as the luxury sector grapples with slowdown in sales growth. 


 
Hasbro Pops on Strong Earnings. The Reason: 'Turnaround Efforts.'

Hasbro easily beats quarterly estimates for earnings and sales. 


 
Humana stock reverses lower as earnings outlook to remain unclear for months

Humana's stock turned lower Wednesday, after the health insurer reported a quarterly profit that beat expectations by a wide margin and boosted its outlook for Medicare Advantage membership growth, but said uncertainty over the earnings outlook will continue.


(END) Dow Jones Newswires

04-24-24 1315ET