News Highlights: Top Company News of the Day
Boeing Gets Boost With Long-Awaited 737 MAX Deal From British Airways Owner
The plane maker won a key order for 737 MAX aircraft from IAG,
in a boost after losing a series of sales from longtime customers
to rival Airbus.
Fintech Giant Klarna Looks for New Funds at Lower Valuation
The SoftBank-backed buy-now-pay-later startup, valued last year
at $46 billion, could see its valuation fall by one-third in a
tough environment for technology companies.
EDF Cuts Output Estimates, Takes Profit Hit
EDF said it expects an earnings hit of around EUR18.5 billion
this year after t lowered its nuclear output estimates due to
inspections for stress corrosion at some of its reactors.
EasyJet Sees Jump in Bookings as Loss Narrows
easyJet said bookings in the past 10 weeks were 6% above the
same period in 2019 and that it remained confident in its plans for
the summer, as the airline cut its first-half adjusted loss to
Generali First Quarter Beats Hopes Despite Russia Hit
Generali posted above-forecast net profit and gross premiums in
the first quarter despite EUR136 million of writedowns on its
Russian investments that dragged the group's bottom line down.
Singapore Airlines En Route to Pre-Covid Levels But Faces Cost Headwinds
Singapore Airlines Ltd.'s brightening passenger demand outlook
seems like it will be enough to offset rising fuel costs, but the
carrier still faces near-term headwinds from its cargo business and
potentially lower ticket pricing.
Analysis: Macau Takes Practical Turn on Casinos, but Visitor Challenges Remain
Macau's proposed changes to its casino rules are positive for
the city's big-league gambling companies, but in the short term
Covid-19 restrictions and an overreliance on visitors from China
will continue to weigh on operations, analysts say.
Elon Musk's Pursuit of Twitter Leads to Legal Questions
The Tesla chief has paused his bid for the social-media company,
citing fake accounts, but Twitter can ask a judge to make him
Tesla Autopilot's Role in Deadly Vehicle Crash Is Probed by Safety Regulators
U.S. auto-safety regulators have opened a special crash
investigation into a fatal wreck involving a Tesla vehicle that has
left three people dead.
Target, Walmart Earnings Selloff Puts Retailers' Inflation Pains on Display
Higher costs on fuel, products and wages prompt some companies
to rethink how and when to raise prices further
(END) Dow Jones Newswires
May 19, 2022 07:15 ET (11:15 GMT)
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