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Ryanair Caught In Parts Scandal? Unauthorized Components Reportedly Found In Engines
Friday, December 1, 2023 - 12:37pm | 693Ryanair Holdings Plc (NASDAQ: RYAAY) reportedly discovered unauthorized parts in two aircraft engines, joining other significant airlines in dealing with the issue of components distributed with counterfeit certification documents. During routine maintenance checks in Texas and Brazil...
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Sky's The Limit: Boeing To Ramp Up PAC-3 Seeker Output With Major Factory Expansion
Tuesday, November 14, 2023 - 9:42am | 295Boeing Co (NYSE: BA) is planning a 35,000-square-foot expansion of its Huntsville factory that produces the Patriot Advanced Capability-3 (PAC-3) seeker. The expansion is expected to increase Boeing's annual PAC-3 seeker production by more than 30%. Seeker provides guidance data...
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Penalty Warranted For Southwest Airlines' Flight Fiasco, Amazon Leverages Generative AI for Holiday Ad Boost, McDonald's Q3 Earnings: Today's Top Stories
Monday, October 30, 2023 - 10:07am | 2205Benzinga 'Penalty Is Warranted' - DoT Notifies Southwest Airlines Over Holiday Flight Fiasco Southwest Airlines Co. (NYSE: LUV) has received a warning from the U.S. Department of Transportation that it may face a fine due to significant operational disruptions last December that...
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'Penalty Is Warranted' - DoT Notifies Southwest Airlines Over Holiday Flight Fiasco
Monday, October 30, 2023 - 9:51am | 263Southwest Airlines Co. (NYSE: LUV) has received a warning from the U.S. Department of Transportation that it may face a fine due to significant operational disruptions last December that caused widespread flight cancellations and passenger distress. This disruption and subsequent...
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Study In Contrasts: Robust Economic Data, Including GDP, Can't Stop Slide On Wall Street
Thursday, October 26, 2023 - 2:07pm | 2249(Thursday market open) Economic vigor contrasts early Thursday with a retreating stock market. The first government estimate for third-quarter Gross Domestic Product (GDP) outpaced most estimates and orders for durable goods remained robust, but Wall Street lost more ground in...
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Leisure Demand Propels Southwest Q3 Revenue, Although Challenges Spark Capacity Adjustments In 2024 Plan
Thursday, October 26, 2023 - 12:33pm | 439Southwest Airlines Co (NYSE: LUV) reported a third-quarter FY23 operating revenue increase of 4.9% year-over-year to $6.525 billion, missing the consensus of $6.56 billion. The airline stated that the revenue strength was driven by solid leisure demand throughout the quarter and by...
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ManpowerGroup Bears The Brunt Of Macro Woes Amid Weakness In Europe, Analyst Says Tough To Recommend This Name
Friday, October 20, 2023 - 3:14pm | 420BMO Capital Markets analyst Jeffrey M. Silber reiterates the Market Perform rating on ManpowerGroup (NYSE: MAN), lowering the price target to $79 from $88. The company reported third-quarter FY23 results where revenues from services declined 2.6% year-on-year to $4.676 billion,...
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Why Workforce Solutions Company ManpowerGroup's Shares Are Trading Lower Today
Thursday, October 19, 2023 - 12:05pm | 390ManpowerGroup (NYSE: MAN) shares are trading lower after the company reported third-quarter FY23 results. Revenues from services declined 2.6% year-on-year to $4.676 billion, missing the analyst consensus of $4.70 billion. Revenues fell 5% at constant currency. Challenging...
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Why Manufacturing Company Lindsay's Shares Are Rocketing Today
Thursday, October 19, 2023 - 11:15am | 419Lindsay Corp's (NYSE: LNN) shares are trading higher by over 23% after it reported Q4 FY23 results. Lindsay, a global manufacturer and distributor of irrigation and infrastructure equipment and technology, reported revenue of $167.1 million, surpassing the consensus of $157.8 million...
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Back for Another Round: Rate Hike Fears Grow After Strong Retail Sales Sends Yields Spinning Higher
Tuesday, October 17, 2023 - 2:38pm | 2425(Tuesday market open) Early earnings results continued to impress but major indexes flagged in premarket trading Tuesday as Treasury yields swung higher after unexpectedly strong September U.S. Retail Sales raised concerns about another possible rate hike. Earnings from Goldman...
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Lockheed Martin's Q3 Results Beat Expectations, Reaffirms FY23 Outlook
Tuesday, October 17, 2023 - 9:29am | 502Lockheed Martin Corp (NYSE: LMT) reported third-quarter FY23 net sales growth of 1.8% year-over-year to $16.88 billion, above the consensus of $16.73 billion. Adjusted EPS of $6.77 (-1.5% Y/Y) topped the consensus of $6.67. The gross margin contracted 65 bps to 12.13%. The...
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Monday's Market Minute: This Week's Focus: Earnings & Consumer Spending
Monday, October 16, 2023 - 12:46pm | 500The focus for investors and traders will shift from inflation after the higher-than-expected figures last week to earnings and consumer spending habits. We have the Empire State Manufacturing Index data and the Fed’s Patrick Harker speaking Monday, then on Tuesday we have Retails Sales,...
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How GlobalFoundries, Unsung Hero of Tech, Powers AI and Electronic Innovations
Monday, October 2, 2023 - 10:24am | 503Established in 2009, GlobalFoundries Inc (NASDAQ: GFS) has made significant strides in the semiconductor industry. Strategic decisions, technological innovations, and global expansions mark the company's evolution. It has become a silent force, with its chips being integral...
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Why Seelos Therapeutics Shares Are Trading Lower By 31%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Thursday, September 21, 2023 - 1:16pm | 1329Gainers MSP Recovery, Inc. (NASDAQ: LIFW) shares climbed 81.5% to $0.2793 after jumping 64% on Wednesday. Near Intelligence, Inc. (NASDAQ: NIR) gained 52.5% to $0.3188. Near Intelligence said it is a trusted partner of leading global commercial real estate companies seeking high-quality real...
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Lennox Simplifies Portfolio - Offloads European Commercial HVAC And Refrigeration Businesses
Thursday, September 21, 2023 - 11:34am | 331Lennox International, Inc. (NYSE: LII) inked a pact to sell its European commercial HVAC and refrigeration businesses, headquartered in Lyon, France, to funds managed by Syntagma Capital. The financial terms of the transaction were not disclosed. "The agreement to sell the European...