My Writings. My Thoughts.
Monday January 8, 2024
// January 8th, 2024 // Comments Off on Monday January 8, 2024 // Daily News
Boeing shares tumble after panel blows out midflight, FAA grounds dozens of 737 Maxes
KEY POINTS
- Boeing shares tumbled Monday morning.
- The Federal Aviation Administration grounded dozens of Boeing Max 737 9 planes after a door plug blew out midair during an Alaska Airlines flight.
- Friday’s accident occurred just as Boeing has been trying to ramp up output of the Max and brings fresh scrutiny of Boeing’s quality assurances.
Thursday January 4, 2024
// January 4th, 2024 // Comments Off on Thursday January 4, 2024 // Daily News
Walgreens stock plunges after drugstore chain slashes quarterly dividend nearly in Half
KEY POINTS
- Shares of Walgreens fell after the company reported fiscal first-quarter adjusted earnings and revenue that topped expectations, but cut its quarterly dividend nearly in half.
- The retail pharmacy giant slashed its dividend to 25 cents per share from 48 cents per share to “strengthen its long-term balance sheet and cash position,” according to CEO Tim Wentworth.
- Walgreens reiterated its fiscal 2024 adjusted earnings guidance of $3.20 to $3.50 per share.