Reuters Before the Bell: Boeing's 737 production cut hits its shares and those of suppliers

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Monday, April 8, 2019

Boeing's 737 production cut hits its shares and those of suppliers

Boeing's decision to cut production of its 737 aircraft hit the shares of its suppliers on Monday, while its own shares were lower in U.S. pre-market trading.

China Aircraft Leasing suspends orders for 100 Boeing 737 MAXs: report

China Aircraft Leasing Group Holdings has put its order for 100 Boeing 737 MAX jets on hold, until it is assured of the aircraft's safety, South China Morning Post reported on Monday, citing a company statement.

Merck KGaA wins Versum's support for sweetened $6.5 billion offer

Merck KGaA won the support of Versum Materials Inc's board with a sweetened $6.5 billion takeover proposal, topping an agreed merger with rival Entegris.

SoftBank-backed Grab seeks another $2 billion funding in expansion drive

Grab is looking to raise another $2 billion this year to ramp up expansion, its CEO Anthony Tan told Reuters, only weeks after announcing more than $4.5 billion of funding in what has become Southeast Asia's largest round of private financing.

Exclusive: Mexico's Walmart pressures suppliers on pricing, forcing some to ditch Amazon

Walmart's Mexico unit has penalized food companies supplying groceries to rival Amazon, pressure that has forced some to pull their products from the world's largest online retailer, four people familiar with the matter said.

Pinterest sets IPO price range between $15-$17 per share

Image sharing website Pinterest Inc set a price range of $15 to $17 per share for its initial public offering of 75 million shares, as per a filing http://bit.ly/2OZLmYU with the U.S. Securities and Exchange Commission on Monday.

Sweet seats and candy canes: Inside Fiat Chrysler's Toledo turnaround

Lots of workplaces have a hot seat. At the Jeep assembly plant in Toledo, Ohio, there is a "sweet seat."

London judge dismisses jury in landmark Barclays Qatar case

A London jury has been discharged in a landmark fraud trial of four former Barclays executives accused of paying Qatar undisclosed fees to help rescue the bank at the height of the credit crisis in 2008.

Oil climbs to five-month high on OPEC cuts, U.S. sanctions and Libya fighting

Oil prices rose to their highest level since November 2018 on Monday, driven by OPEC supply cuts, U.S. sanctions against Iran and Venezuela and fighting in Libya as well as strong U.S. jobs data.

Ashley piles pressure on Debenhams ahead of lender deadline

Sports Direct boss Mike Ashley embarked on a last-ditch battle to take control of Debenhams on Monday, accusing board members of dishonesty while offering to fund a rescue plan in return for the CEO's job.

Reuters Before the Bell: Boeing's 737 production cut hits its shares and those of suppliers

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