In a statement, General Electric Co said, it has extended the employment agreement of its Chief Executive Officer Lawrence Culp up to August 31, 2024. In a regulatory filing dated August 18, GE said, its board had also approved a… Read More ›
cash flow
Passenger airlines industry could lose up to $113 billion revenues in 2020 because of Coronavirus: IATA
On Monday, in a statement the Airports Council International (ACI) Asia-Pacific stated, airport passenger traffic in the Asia-Pacific region is likely to shrink by 24% due to China’s coronavirus, thus causing a loss of $3 billion in airport revenues. Cancellation… Read More ›
Rolls Royce to further streamline business, save $536 million by 2020
Rolls Royce’s aeronautical engine business, its biggest cash cow, is facing severe issues resulting in the grounding of planes. On Thursday, British engineering firm Rolls-Royce disclosed it would be cutting 4,600 jobs primarily from the UK as part of a… Read More ›
French antitrust probe could materially impact Electrolux’s financial statements
In the multi-year investigation, anitrust authorities in France have alleged that Electrolux along with other large white goods home appliance makers have collaborated to fix prices of their appliances. On Wednesday, Electrolux stated antitrust authorities in France are set to… Read More ›
Cash flow rather than volume could be GM’s next mantra
General Motor’s decision to sell its Opel brand signifies its CEO’s vision to focus on the company’s Return on Investment rather than sales volume as a measure of GM’s success. For General Motors, putting its European operations up for sale… Read More ›
manageria.biz 