• Reuters

    Avolon CEO says greener airlines should pay less to lease planes

    Airlines with the best environmental scores should pay less for leasing aircraft than more polluting competitors, the head of one of the world's top leasing companies said on Monday. The radical proposal from Dublin-based Avolon comes as aviation firms face mounting scrutiny over climate policies not only from environmental groups but also investment funds that monitor Environmental, Social and Governance (ESG) performance. Avolon, one of the top three aircraft lessors, claims to have one of the industry's youngest and most efficient fleets.

  • Netflix Q4 Earnings Preview: Time for Investors to Worry About NFLX Stock?
    Zacks

    Netflix Q4 Earnings Preview: Time for Investors to Worry About NFLX Stock?

    Netflix is set to report its Q4 fiscal 2019 earnings results after the closing bell on Tuesday, January 21. The streaming TV giant's stock price has climbed over the last several months but Wall Street is worried about Netflix's growing competition...

  • Netflix Is Up To Bat This Q4 Earnings Season
    Zacks

    Netflix Is Up To Bat This Q4 Earnings Season

    Subscriber growth is going to be a crucial metric toNFLX's December quarter report is released

  • Boeing Closes In on $10 Billion Loan From Citi-Led Group
    Bloomberg

    Boeing Closes In on $10 Billion Loan From Citi-Led Group

    (Bloomberg) -- Boeing Co. is close to securing a $10 billion loan, bolstering the plane maker’s finances in the midst of a crisis that’s seen its 737 Max jetliners grounded after two crashes, according to people familiar with the matter.The financing could still be increased if demand from investors exceeds the target size, the people said. Commitments are due by the end of this week, said the people, who asked not to be named because the details aren’t public. The loan will have a maturity of two years and will include a delayed-draw structure, in which the borrower can access the funds at a later date, they said.Citigroup Inc. is leading the discussions with lenders, Bloomberg News reported a week ago. CNBC reported earlier on Monday on the deal size.Officials at Boeing and Citigroup declined to comment on the transaction.Pricing on the loan will be based on Boeing’s credit rating -- which is presently at A3 by Moody’s Investors Service. The ratings agency has placed the manufacturer’s senior unsecured debt on review for downgrade, saying it could face a “costly and protracted” recovery and “heightened operational and financial risk.”Fresh funding would help the U.S. plane maker contend with growing financial strain as it reimburses customers, keeps suppliers afloat and maintains about 400 newly built Max that it can’t deliver until global regulators clear the jet to fly. A production halt taking hold this month on the Max, which has been grounded since March, is a sign that its emergence from the crisis will be lengthy.Read more: Boeing Loses Jet-Delivery Crown to Airbus in Record DefeatThe new financing comes on top of $9.5 billion in revolving credit facilities signed last October, which at the time doubled the size of the company’s existing credit lines. Investment-grade companies typically leave their revolvers undrawn to serve as a form of back-up liquidity.The long-term grounding of the Max cost the company its title as the world’s largest plane maker, after the number of jetliners it delivered in 2019 dropped to less than half of Airbus SE’s tally.(Adds details on earlier credit facility from 7th paragraph)\--With assistance from Siddharth Philip and Lisa Lee.To contact the reporter on this story: Jacqueline Poh in London at jpoh39@bloomberg.netTo contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, ;Kenneth Wong at kwong11@bloomberg.net, Chris Vellacott, Anthony PalazzoFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Embraer studies turboprop to be developed through Boeing venture
    Reuters

    Embraer studies turboprop to be developed through Boeing venture

    Brazilian planemaker Embraer is in the advanced stages of studying the launch of a new turboprop aircraft to be developed through a venture it is planning with Boeing, subject to necessary approvals, a top executive said on Monday. The aircraft would be in the same size range or even larger than the 70-seat ATR-72, a Franco-Italian aircraft that currently dominates the market, Embraer Commercial Aviation Chief Executive John Slattery told Reuters. "It sits in our target market, which we have always been clear is below 150 seats, and will have natural adjacency to the E2 offering," he said, referring to Embraer's family of 80-120-seat regional jets.

  • Reuters

    Guyana opposition candidate pledges to keep Exxon contract intact

    Exxon Mobil's oil contract with Guyana would be exempt from a review of the South American nation's deals if the opposition wins the March 2 election, the party's top candidate said. While his People's Progressive Party (PPP) has criticized President David Granger's 2016 deal with Exxon as too generous, Irfaan Ali called the company - whose 1 million barrel cargo of Guyana's first-ever crude production set sail on Monday - a "pioneer" in an interview over the weekend. The PPP's platform pledged to "immediately engage the oil and gas companies in better contract administration/re-negotiation." Other companies exploring off Guyana's coast include Britain's Tullow Oil, Spain's Repsol SA and France's Total.

  • Will IBM (IBM) Beat Estimates Again in Its Next Earnings Report?
    Zacks

    Will IBM (IBM) Beat Estimates Again in Its Next Earnings Report?

    IBM (IBM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Moody's

    Aernnova Aerospace Corporation S.A. -- Moody's assigns B1 ratings to Aernnova; outlook stable

    Moody's Investors Service, ("Moody's") has today assigned a B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR) to Aernnova Aerospace Corporation S.A. (Aernnova). Debt instruments will be issued by Aernnova Aerospace, S.A.U. and guaranteed by Aernnova.

  • 52-Week Company Lows
    GuruFocus.com

    52-Week Company Lows

    Details the 52-week lows for the following companies: Exxon Mobil, Boeing, DuPont de Nemours, Simon Property Group, Franklin Resources and Spirit Aerosystems Holdings Continue reading...

  • AerCap CEO warns against panic discounts for Boeing 737 MAX jets
    Reuters

    AerCap CEO warns against panic discounts for Boeing 737 MAX jets

    Owners of Boeing's grounded 737 MAX jet must keep cool heads and avoid offering panic discounts on sale or lease prices to avoid undermining its long-term value, the head of one of the world's largest aircraft lessors Aercap said on Monday. "Discipline and keeping a cool head is vital because if people panic and lease the airplane or sell the airplane at knock-down rates for an extended period of time, it will be harder for the residual value of that asset to recover," Aercap's Aengus Kelly told the Airline Economics aviation finance conference in Dublin. Aercap has 100 Boeing 737 MAX jets on order.

  • Fourth Quarter Earnings Reports in Week Ahead
    Zacks

    Fourth Quarter Earnings Reports in Week Ahead

    Fourth Quarter Earnings Reports in Week Ahead

  • On MLK Day, a Busy Week Expected
    Zacks

    On MLK Day, a Busy Week Expected

    Q4 earnings season, the World Economic Forum in Davos and President Trump's impeachment trial all get underway beginning tomorrow.

  • The Zacks Analyst Blog Highlights: Procter & Gamble, Hill-Rom, Valero Energy and LPL Financial
    Zacks

    The Zacks Analyst Blog Highlights: Procter & Gamble, Hill-Rom, Valero Energy and LPL Financial

    The Zacks Analyst Blog Highlights: Procter & Gamble, Hill-Rom, Valero Energy and LPL Financial

  • Zacks Investment Ideas feature highlights: Tesla, Boeing, Virgin Galactic, Northrop Grumman and Amazon
    Zacks

    Zacks Investment Ideas feature highlights: Tesla, Boeing, Virgin Galactic, Northrop Grumman and Amazon

    Zacks Investment Ideas feature highlights: Tesla, Boeing, Virgin Galactic, Northrop Grumman and Amazon

  • Netflix, Johnson & Johnson, Procter & Gamble and Intel are part of Zacks Earnings Preview
    Zacks

    Netflix, Johnson & Johnson, Procter & Gamble and Intel are part of Zacks Earnings Preview

    Netflix, Johnson & Johnson, Procter & Gamble and Intel are part of Zacks Earnings Preview

  • Reuters

    GLOBAL MARKETS -Stocks stay near record highs; focus turns to central banks, earnings

    World stocks traded just below record highs on Monday, pausing ahead of this week's central bank meetings, economic data and earnings, while oil prices rose to their highest in over a week after blockades began shutting down two Libyan oilfields. European equity markets were lower, while U.S. stock futures dipped , with the Martin Luther King Jr. holiday in the United States meaning subdued trading activity. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.25% on Monday after rising to its highest since June 2018.

  • Here's How Whirlpool (WHR) Looks Just Ahead of Q4 Earnings
    Zacks

    Here's How Whirlpool (WHR) Looks Just Ahead of Q4 Earnings

    Whirlpool's (WHR) fourth-quarter 2019 results are likely to reflect the impacts of softness in Latin America and EMEA. However, cost-containment efforts and margin expansion in North America bode well.

  • Apple Welcomes Julia Louis-Dreyfus to TV+ Streaming Projects
    Zacks

    Apple Welcomes Julia Louis-Dreyfus to TV+ Streaming Projects

    The collaboration with Louis-Dreyfus is likely to provide an impetus to Apple's (AAPL) original content expansion strategy to penetrate the increasingly crowded streaming space.

  • Sprouts Farmers Lags Industry Mark: Will Strategies Aid?
    Zacks

    Sprouts Farmers Lags Industry Mark: Will Strategies Aid?

    Sprouts Farmers (SFM) is witnessing higher expenses that are affecting the bottom line. However, initiatives like Fresh Item Management Technology and cost containment might aid performance.

  • Disney (DIS) Drops Fox From Brand Name, Renames Business
    Zacks

    Disney (DIS) Drops Fox From Brand Name, Renames Business

    Disney's (DIS) 20th Century Fox film studio will, henceforth, be known as 20th Century Studios and Fox Searchlight Pictures will become Searchlight Pictures.

  • Can Abbott (ABT) Q4 Earnings Ride on Growth in All Lines?
    Zacks

    Can Abbott (ABT) Q4 Earnings Ride on Growth in All Lines?

    Abbott's (ABT) imminent quarterly results are expected to reflect a solid performance by the Established Pharmaceuticals Division (EPD) business alike the last reported quarter.