Boeing (BA) on Wednesday reported results that beat Wall Street expectations after a tumultuous first quarter.
Boeing reported a first quarter core loss per share of $1.13, narrower than the $1.72 estimated, on revenue of $16.57 billion, which was above forecasts of $16.25 billion but an 8% decline from a year ago.
"Our first quarter results reflect the immediate actions we've taken to slow down 737 production to drive improvements in quality," Boeing president and CEO Dave Calhoun said in a statement. "We will take the time necessary to strengthen our quality and safety management systems and this work will position us for a stronger and more stable future."Early in 2024, Boeing suffered a high-profile door plug blowout.
BRUSSELS — The European Union announced on Wednesday an investigation into whether China is using unfair methods to deprive companies in Europe of access to its market for medical devices ranging from hypodermic needles to high-tech scanners. The probe launched by the European Commission — the EU’s executive branch as well as its trade and competition watchdog — is the latest attempt to help companies gain the kind of access to China’s vast markets that Chinese firms enjoy in Europe.
Venezuelan opposition candidate Edmundo Gonzalez said on Wednesday he is committed to carrying out a transition that will allow exiled people to return to the country and political prisoners to be freed. Gonzalez was named on Friday by the Unitary Platform opposition coalition as its candidate in the July 28 presidential election after primary winner Maria Corina Machado was banned from office and her alternate was unable to register.
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