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Credit Suisse, Johnson & Johnson, Micron Technology: Stocks That Defined the Week
Credit Suisse Group AG A fire sale of stocks by a large U.S. investor burned Credit Suisse and Nomura Holdings Inc. The global investment banks said Monday that they could incur substantial losses after Bill Hwang’s firm Archegos Capital Management and its banks began liquidating huge positions in blue-chip companies. Large banks served as prime …
Elon Musk’s SpaceX Readies First Astronaut Launch by Private Firm
With the scheduled launch of two NASA astronauts into orbit Wednesday, SpaceX aims to propel the U.S. into a historic new era of commercially led space exploration. No company has flown commercially developed hardware carrying humans and rendezvoused with the international space station. If successful, it would be a resounding achievement for Space Exploration Technologies …
Boeing to Suspend 737 MAX Production in January
Boeing Co. BA -4.29% will suspend production of its 737 MAX jetliner, according to people briefed on the matter, escalating the crisis confronting the aerospace giant and raising the prospect of job cuts and furloughs across the global aerospace industry. The company is expected to halt production in January, according to one of the people. …
United Technologies Raises Profit Outlook
United Technologies Corp. raised its profit outlook for the year as it recorded higher quarterly earnings and revenue driven largely by its 2018 acquisition of airplane-parts maker Rockwell Collins Inc. For the full year, the Farmington, Conn., aerospace company now expects adjusted per-share earnings to be between $8.05 and $8.15, up from its previous outlook …
