Sectors News Results

  • Covid-19 Vaccine, Election Results Boost Riskiest Borrowers

    The U.S. election and good early results for a Covid-19 vaccine have given a double-boost to America's least-loved borrowers. Borrowing costs have tumbled for a host of junk-rated companies such as American Airlines Group Inc., Macy's Inc. and Occidental Petroleum Corp. since the end of October, although the threat of a new wave of lockdowns in the near term has brought a small reversal in the past two days. The yield on the ICE BofA U.S.

  • Pandemic Drives More Boeing Job Cuts

    Boeing Co. (BA) said it is reviewing jet production levels and plans to shed another 7,000 jobs by the end of next year in response to the mounting toll on the global airline industry from a fresh global surge in coronavirus cases. The plans came as the U.S. aerospace giant on Wednesday reported a third-quarter loss of $466 million and said it is focused on preserving cash ahead of the expected return to service of the 737 MAX as soon as next month, ending a protracted world-wide grounding...

  • Raytheon Shrinks to Fit Jet Downturn

    Raytheon Technologies Corp. (RTX), the biggest aerospace supplier by sales, said it is cutting 20,000 jobs this year as it adjusts to the shrinking airline industry and the sharp drop in jetliner orders and deliveries. The company, which supplies engines, aircraft seats and other parts to airlines and plane makers, said the cuts include a 20% reduction in its commercial arm. It is also reducing its office and factory space by as much as a quarter in response to pandemic-driven changes in...

  • Stocks Slide on Coronavirus Uptick, Fading Stimulus Hopes

    The Dow Jones Industrial Average dropped 650 points Monday as coronavirus cases surged, adding to worries about the economic outlook after Congress and the White House failed to agree on a much-anticipated fiscal stimulus deal. Major indexes opened lower, and declines accelerated into the afternoon. In the Dow-- which suffered its steepest one-day point and percentage drop since Sept. 3-- 29 of 30 stocks fell on the day.

  • Alphabet, Netflix, Tesla: Stocks That Defined the Week

    The Justice Department filed its long-anticipated antitrust lawsuit against Google Tuesday, targeting the tech giant's flagship search engine and related advertising business. A partnership with Apple is at the heart of the case, potentially threatening a lucrative revenue stream for both companies. Microsoft, the target of the last major tech antitrust campaign in 1998, now stands to benefit the most from the DOJ's newest lawsuit.

  • Boeing Delivered 11 Aircraft in September, but Won No New Orders

    Boeing Co. (BA) said Tuesday that it didn't win any new orders in September and delivered only 11 aircraft, weighed by the continued grounding of the MAX, weak demand for its wide-body planes and production problems affecting its 787 Dreamliner. Boeing (BA) and rival Airbus SE are cutting production and jobs in response to the slump in air travel, and face a glut of undelivered planes, reversing the picture a year ago when airlines clamored for jets that were behind schedule.

  • Facebook, Regeneron, Southwest: Stocks That Defined the Week

    Scrutiny of Silicon Valley is mounting in Washington. A Democratic-led House panel released a report Tuesday that said America's biggest technology companies leveraged their dominance to stamp out competition and stifle innovation. The report capped a 16- month inquiry into the market power of Facebook (FB), Google, Amazon and Apple.

  • Pelosi Ties Airlines Aid to Broader Stimulus Bill

    WASHINGTON-- House Speaker Nancy Pelosi signaled Thursday she wouldn't support a stand-alone airline relief bill without a broader coronavirus aid package, the latest twist in late efforts to pass more economic relief before the election. Pelosi and Treasury Secretary Steven Mnuchin were expected to talk Thursday about potential aid for airlines, which have been pummeled by the coronavirus pandemic. "There is not going to be any stand-alone bill unless there is a bigger bill...

  • Airlines Make Final Plea for Aid to Avoid Job Losses -- 2nd Update

    Top executives at major airlines including American Airlines Group Inc. (AAL), Southwest Airlines Co. (LUV) and United Airlines Holdings Inc. (UAL) met Thursday with White House chief of staff Mark Meadows as the companies and their employees make a final push for more job-saving government aid. Airlines agreed not to furlough or lay off employees through the end of September in exchange for $25 billion as part of a broad pandemic-relief package this past spring. They hoped the funds would see...

  • Airlines Make Final Plea for Aid to Avoid Job Losses -- Update

    Top executives at major airlines including American Airlines Group Inc. (AAL), Southwest Airlines Co. (LUV) and United Airlines Holdings Inc. (UAL) met Thursday with White House chief of staff Mark Meadows as the companies and their employees make a final push for more job-saving government aid. Airlines agreed not to furlough or lay off employees through the end of September in exchange for $25 billion as part of a broad pandemic relief package last spring. They hoped the funds would see them...

Search News

Filter Results

Publication Date
Topic
Provider

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.