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.