GE projects hit coronavirus in the first quarter, backs full-year goals

General Energy Co. GE 0.51% He said the coronavirus epidemic would reduce the company’s first quarter free cash flow by $ 300 million to $ 500 million, but he backed his year-round goal for closely monitored metrics. The company still expects to generate a positive cash flow between $ 2 billion and $ 4 billion […]

Boeing offers more support for MAX suppliers

Boeing Co. is planning to provide more support to suppliers for its 737 MAX aircraft program to prepare them to restart production, and to deter some from seeking more Airbus SE businesses. Boeing suspended MAX production in January after building more than 400 aircraft it could not deliver. Regulators landed the plane in March last […]

Warren Buffett shares in Berkshire Hathaway have the best performance since 2009

Warren Buffett sought to reassure investors about the long-term future of Berkshire Hathaway Inc. after a disappointing year for conglomerate performance. Mr. Buffett, 89, president and CEO of Berkshire, is recognized for his long-term success as a stock market investor and negotiator. But in recent years, the performance of Berkshire shares has failed to beat […]

Mexico is investigating former President Enrique Peña Nieto, according to senior official

MEXICO CITY – Mexican law enforcement officers are investigating former President Enrique Peña Nieto as part of the highest profile corruption case in years, said a senior Mexican judicial official. The investigation into the former leader is part of a large case against Emilio Lozoya, the former head of state oil company Petróleos Mexicanos. Mr. […]

Trump administration considers stopping GE Venture engine deliveries to China

The Trump administration is considering a proposal to stop deliveries of jet engines co-produced by General Electric Co. for a new plane that is being developed in China, a possible escalation of protective trade measures that could have a major impact on the main US manufacturer. The administration may refuse to issue a license that […]

Within the future of Berkshire Hathaway without Warren Buffett

When Warren Buffett turns 90 in August, it would be natural for Berkshire Hathaway shareholders to celebrate their success and worry about the future of the extraordinary company he built. In his 55 years at the helm as CEO, president and chief investment officer, Buffett turned a troubled textile manufacturer into a conglomerate of $ […]

Exor in talks to sell reinsurer for about $ 9 billion

Exor EXO -1,60% NV, the holding company of the Italian Agnelli family, said Sunday that it is in advanced talks to sell the reinsurance company PartnerRe Ltd. to French insurer Covéa Coopérations. The agreement could value PartnerRe at approximately $ 9 billion, according to a person familiar with the negotiations. Exor and Covéa confirmed that […]

3M will cut more jobs amid the drop in manufacturing in the US UU.

3 millions Co. MMM -5.72% recorded lower revenues in major US markets. UU. and established plans for new layoffs, the last manufacturer to exhibit signs of tension at a time of weakness for the industrial economy. 3M sells its wide range of products in a wide range of the economy, including consumers, offices, manufacturers and […]