The French plane maker’s deal comes despite pressure on Europe from the Biden administration to isolate Beijing.
Category: Company Reports
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Richard Branson’s Virgin Orbit Files for Bankruptcy
The satellite launch company, founded by Richard Branson, announced sweeping cuts last week as it struggled to recover from a high-profile rocket failure in January.
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General Motors Reports 18% Rise in Quarterly Sales
The New York Times – Business:G.M. cited improvements in component supplies and robust demand even in the face of higher interest rates.
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Tesla Sales Jumped in the First Quarter
The New York Times – Business:The electric car company’s decision to slash prices appears to have paid off in reviving demand.
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Virgin Orbit’s Failed Launch Is a Blow to the Company
The New York Times – Business:Richard Branson’s satellite launch company, which hasn’t recovered since a January mishap in Britain, has laid off nearly all its employees.
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Huawei, Pummeled by U.S. Sanctions, Reports Plunge in Profit
The New York Times – Business:The company blamed the profit decline on pandemic lockdowns and an increase in research and development to counter restrictions on access to U.S. technology.
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How the S&P 500 is Dominated By Apple and Microsoft
The New York Times – Business:Investors in the S&P 500 are highly dependent on the fate of Microsoft, Apple and other big technology stocks. A rally in March showed how this can mask turmoil in the rest of the market.
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People Bought Crocs During the Pandemic. They Haven’t Stopped.
The New York Times – Fashion & Style:While other brands that thrived with customers in quarantine have dropped off, sales of the easily slipped-on clogs are up nearly 200 percent since 2019.
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WeWork Reaches a Debt Restructuring Deal With SoftBank
The New York Times – Business:The agreement will reduce the unprofitable office space company’s debt, giving it more financial breathing room.
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An Indian tech company’s stock falls after it reveals a link to Silicon Valley Bank.
The New York Times – Business:Nazara Technologies, a mobile gaming company, said two of its subsidiaries had together more than $7.7 million in balances at the failed bank.
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Saudi Aramco Reports Record Profit as Fossil Fuels Remain ‘Essential’
The New York Times – Business:Saudi Arabia’s national oil company earned $161 billion last year, a nearly 50 percent jump over 2021, and said demand for oil would continue.