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Southwest shares touch lows unseen since early October on Thursday, fourth-quarter earnings fall short of estimates due to rising 737 MAX costs

January 24, 2020 10:01 am
Southwest Airlines Co’s (LUV) fourth-quarter earnings, reported on Thursday, missed Wall Street estimates on rising Boeing 737 MAX costs. The company also warned that flight cancellations would likely be extended beyond June. Shares of Southwest Airlines closed higher for the fifth time in the past ten trading sessions in New York on Thursday. It has […] Read more

General Motors shares fall for a second straight session on Wednesday, GM Cruise reveals “Cruise Origin”, a driverless prototype electric vehicle

January 23, 2020 10:11 am
Cruise, General Motors Co’s (GM) self-driving vehicle division, revealed earlier this week a prototype electric vehicle with no steering wheel or pedals, named “Cruise Origin” and developed in cooperation with Honda Motor Co Ltd. General Motors shares closed lower for a second consecutive trading session in New York on Wednesday. The stock edged down 0.23% […] Read more

Boeing shares fall for a third straight session on Wednesday, company explores ducted fan propulsion tech for light aircraft

January 23, 2020 8:29 am
According to an announcement by Boeing Co (BA) on Wednesday, it has agreed with Israel’s Tactical Robotics to explore opportunities to develop a ducted fan propulsion technology, which could be potentially used for piloted and autonomous light aircraft. However, financial terms of the agreement remained undisclosed. Boeing shares closed lower for a third consecutive trading […] Read more