Boeing Posts Full-Year Loss Amid 737 MAX Setbacks

Costs from the 737 MAX crisis sent the aerospace giant to its worst financial performance in two decades, although shares rose in early trading.

 
British Airways Suspends China Flights

British Airways became the first global airline to cancel service with mainland China as the number of people there infected by the new coronavirus surpassed that of SARS nearly two decades ago. American Airlines also said it will suspend Shanghai and Beijing flights from Los Angeles.

 
Goldman Sachs Talks to Its Critics in Effort to Make Friends

Goldman Sachs Group set higher financial targets in an effort to turn a skeptical shareholder base into believers in Chief Executive David Solomon's turnaround plan.

 
Renault's New Boss Faces Uphill Drive

Renault's boss has one big advantage in his tough new job: After a profit warning and the media spectacle of Carlos Ghosn's detention and flight, investors have low expectations. They still might not be low enough.

 
Mastercard's Profit More Than Doubles

Earnings jumped from a year ago when the credit-card company logged more than $750 million in litigation charges.

 
GE Finds Its Footing and Posts Strong Cash Flow

General Electric reported strong cash flow from its industrial operations in the fourth quarter and gave an upbeat outlook for 2020, as the conglomerate reverses losses in its power business and its aviation division continues to support the rest of the company.

 
MoviePass Parent Files for Bankruptcy

Helios & Matheson Analytics Inc., as well as its MoviePass business and another subsidiary, filed chapter 7 petitions in the U.S. Bankruptcy Court for the Southern District of New York, according to a securities filing from the company.

 
AT&T's Results Dragged Down by TV Business

The company's pay-television business continued to hemorrhage customers in the latest quarter, adding to pressure as the company readies its own entrant into the increasingly crowded video streaming market.

 
McDonald's Gains Sales Globally, but U.S. Guest Counts Fall

Global same-store sales last year were the highest in more than a decade, but guest counts to restaurants in the U.S., McDonald's biggest market, fell from a year earlier.

 
Stanley Black & Decker to Buy Boeing Supplier; Deal Has a MAX Contingency

Consolidated Aerospace agreed to be acquired by Stanley Black & Decker for as much as $1.5 billion, but part of the purchase price will be held back pending a regulatory green light for the Boeing 737 MAX to return to service.

(END) Dow Jones Newswires

January 29, 2020 11:15 ET (16:15 GMT)

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