Berkshire Hathaway Inc.' s annual meeting kicked off Saturday with Warren Buffett offering reassurance that the U.S. economy will recover steadily from the coronavirus pandemic. Speaking onstage at an empty arena in downtown Omaha, Neb., Mr. Buffett said the range of possibilities from the pandemic was wide, but it had significantly narrowed in recent weeks.
Berkshire Hathaway Inc.' s annual meeting kicked off Saturday with Warren Buffett offering reassurance that the U.S. economy will recover steadily from the coronavirus pandemic. Speaking onstage at an empty arena in downtown Omaha, Neb., Mr. Buffett said the range of possibilities from the pandemic was wide, but it had significantly narrowed in recent weeks.
Berkshire Hathaway Inc.' s annual meeting is set to kick off Saturday with Warren Buffett followers eager to hear what the world's most famous investor has to say about the state of the U.S. economy during the coronavirus pandemic. Typically, thousands of people flock to Omaha each year for the Berkshire meeting, filling a downtown arena and many of the city's hotels. These Berkshire shareholders come to buy products from the host of companies held in the conglomerate-- from Geico...
The world's biggest aerospace companies outlined survival plans that include thousands of job cuts and raising fresh funds as their airline customers reeled from the coronavirus pandemic and the near-collapse of global passenger air travel. Boeing Co. (BA), rival Airbus SE (EADSF) and their engine supplier General Electric Co. (GE) on Wednesday detailed their initial responses to the crisis that has engulfed the industry after travel restrictions and fear of flying grounded more than...
Companies in aerospace and transportation industries reported results dragged down by travel bans and restrictions related to the Covid-19 pandemic. Boeing Co. (BA) plans to cut jetliner production and 10% of its workforce in response to the airline industry's coronavirus-driven crisis but said it has sufficient funding options to adapt. Boeing (BA) reported a first-quarter loss of$ 641 million compared with a profit of $2.15 billion a year earlier.
General Electric Co. (GE) said it was cutting $2 billion in costs to offset falling sales and profits, as the company's aviation business was hit hard by the virtual halt to air travel because of the coronavirus pandemic. The conglomerate's first-quarter revenue fell 8% and it posted operating losses in several of its business units, but the unit that manufactures and maintains jet engines was hardest hit. Profits fell 40% in the aviation unit in the first quarter and the company...
Caterpillar (CAT), Harley, 3 M among U.S. companies idling factories, trying to preserve their cash. This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal. Major U.S. manufacturers said some closed plants may never reopen and new product introductions could be delayed, after the coronavirus pandemic slashed demand for everything from motorcycles to industrial paint.
Major U.S. manufacturers said some closed plants may never reopen and new product introductions could be delayed, after the coronavirus pandemic slashed demand for everything from motorcycles to industrial paint. Caterpillar Inc. (CAT) said Tuesday that revenue fell by a fifth in the first quarter from a year earlier. Harley-
Davidson Inc. (HOG) said retail sales of its motorcycles slumped around the world in the quarter. 3 M Co. said it would furlough workers and idle some factory lines...
This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal. General Electric Co. (GE) for decades was the ultimate conglomerate, selling everything from microwave ovens to movies to mortgages. But after a series of financial and operational setbacks, it shed businesses and bet much of its future on the aviation industry.
General Electric Co. (GE) for decades was the ultimate conglomerate, selling everything from microwave ovens to movies to mortgages. But after a series of financial and operational setbacks, it shed businesses and bet much of its future on the aviation industry. Now that the coronavirus pandemic has crippled airlines, GE finds its turnaround efforts have stalled and its future is shrouded by uncertainty.
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