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Boeing reports loss as pandemic, Air Force One problems weigh on it Updated April 28, 2021, 1 hour ago Email to a Friend Boeing reports loss as pandemic, Air Force One problems weigh on it Boeing reported a wider than expected first-quarter loss on Wednesday and took another charge on its program to build two new Air Force One presidential planes after firing a contractor it hired to help perform the work. The company did not provide a timetable for fixing the latest problem with its 737 Max jet, an electrical issue that has forced airlines to park more than 100 of the planes. The combination of self-inflicted damage and a coronavirus pandemic that has depressed demand for new planes pushed Boeing to its sixth straight quarterly loss. However, CEO David Calhoun said the company is at an âinflection point,â with an increase in vaccinations against COVID-19 raising hopes for a rapid recovery in air travel that could translate to aircraft orders. Boeing lost ....
Toshiba, Hitachi Bids Show Japan Inc. Listed Subsidiaries Are in Play Bids from Western venture capital investors for age-old Japanese names are only likely to increase. Apr 09, 2021 | 08:30 AM EDT With Bain Capital first in line to buy a unit of Hitachi (HTHIF) , and CVC Capital Partners launching a bid to take Toshiba (TOSBF) private, it s clear Western venture capitalists are finally making inroads in deals involving Japan Inc. Toshiba is considering a US$20 billion offer from CVC to delist it and turn it into a private company. Toshiba s current CEO, former banker Nobuaki Kurumatani, joined the Japanese conglomerate in 2018 from CVC, which is based in Luxembourg. Taking the company private would lift some of the pressure that Toshiba currently faces from hedge funds that hold its stock. ....
Olympus could help Samsung take its mobile cameras to the next level on April 9, 2021, 14:33 Bottom line: Samsung could be the latest smartphone maker to partner with an established photography company on an upcoming flagship. If true, the Korean electronics maker would become the latest in a growing list of smartphone makers that have teamed up with camera brands. Tech leaker Yogesh shared in a recent series of tweets that Samsung and Olympus have held talks about a possible partnership. It’s unclear how far along they are in the discussions or which devices might get Olympus-branded gear, but a special edition Galaxy Fold and the Galaxy S22 Ultra were mentioned by name as plausible candidates. ....
Hitachi in talks with Bain to sell metals unit for over 800 bln yen - Nikkei Reuters 2 hrs ago TOKYO, April 8 (Reuters) - Japanese industrial conglomerate Hitachi Ltd picked a group led by Bain Capital as the preferential bidder for its metals unit in a deal likely to top 800 billion yen ($7.3 billion), Nikkei reported on Thursday. Bain, Japan Industrial Partners and Japan Industrial Solutions are considering buying a 53% stake in Hitachi Metals , the financial daily said. Hitachi Metals recently announced it was buying U.S. software company GlobalLogic for $9.6 billion. But in recent years it has also been divesting domestic hardware assets, including chemical and imaging businesses, aiming to pivot to services instead. ....