Boeing CFO says cash flow to be hit by production delays

Boeing's CFO said cash flow will be worse than the company had expected even back in January as the troubled plane maker focuses on quality after a spate of incidents. 


 
Luxury Stocks Hit by Kering Warning

Shares in European luxury stocks fell after Kering warned of weaker first-quarter revenue due to a steep sales drop at Gucci, raising concerns about demand in Asia-Pacific. 


 
Nvidia Is Now Competing Mostly With Itself-and AI Fatigue

New superchips will help the company keep its competitive lead, though worries about AI's traction will linger. 


 
Nikola's Rollout of Hydrogen Trucks Is Hitting Supply-Chain Hurdles

The company says supplier deliveries have been slow, pushing the manufacturer to spend more on airfreight. 


 
Intel Gets $8.5 Billion Award For U.S. Chip-Plant Construction

The government grant is the largest yet to come from the $53 billion Chips Act. 


 
Tencent's Results Disappoint Amid Slowing Chinese Economy, But Outlook Is Brighter

Tencent Holdings reported worse-than-expected results in the fourth quarter as the Chinese technology giant navigated a slowing economy. 


 
Samsung Shares Rally After Reports of Nvidia Seeking Next-Generation Chip Supply

Samsung Electronics shares rallied after reports of Nvidia looking to buy high bandwidth memory chips from the South Korean company. 


 
Prudential Earnings Top Forecasts as New Business Jumps

Prudential's adjusted operating profit rose in 2023, with the insurer's focus on Asian and African markets helping generate a 45% gain in new business earnings. 


 
Lonza to Boost Biologics Sales With Manufacturing Facility Buy

Lonza agreed to buy a manufacturing facility in the U.S. from Roche for around $1.2 billion in cash as it seeks to grow its biologics division. 


 
JetBlue to Cut Routes After Weaker Performance

JetBlue will exit certain cities and end some flight routes in a bid to prioritize better-performing routes with limited aircraft on hand.


(END) Dow Jones Newswires

03-20-24 0715ET