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Dour Earnings Loom Over Wall St. as a Slowing Economy Bites
Posted inBanking and Financial Institutions Company Reports Corporations Federal Reserve System Recession and Depression Standard & Poor's 500-Stock Index Stocks and Bonds United States Economy

Dour Earnings Loom Over Wall St. as a Slowing Economy Bites

The outlook for corporate profits has swiftly deteriorated, with inflation still fast and a banking scare prompting some investor caution.
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Posted by By Joe Rennison
Airbus to Double Production in China as It Moves Ahead With New Orders
Posted inChina Company Reports Europe European Union Factories and Manufacturing Faury, Guillaume International Relations Macron, Emmanuel (1977- ) von der Leyen, Ursula

Airbus to Double Production in China as It Moves Ahead With New Orders

The French plane maker’s deal comes despite pressure on Europe from the Biden administration to isolate Beijing.
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Posted by By Liz Alderman
UBS Chiefs See Risks Ahead in Credit Suisse Takeover
Posted inBanking and Financial Institutions Company Reports Credit Suisse Group AG Kelleher, Colm Swiss Financial Market Supervisory Authority UBS AG

UBS Chiefs See Risks Ahead in Credit Suisse Takeover

The Swiss bank tells shareholders “so many questions remain unanswered.”
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Posted by By Michael J. de la Merced
Richard Branson’s Virgin Orbit Files for Bankruptcy
Posted inBankruptcies Branson, Richard Company Reports Cornwall (England) Great Britain Layoffs and Job Reductions Rocket Science and Propulsion Satellites Virgin Orbit

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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Posted by By Kevin Granville

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