Goldman Sachs cashes in on stock market turmoil as bank posts $4.7B profit
Goldman Sachs has caused stock market disruption from President Donald Trump’s looming tariffs in its record-breaking haul in the first three months, but CEO David Solomon warned of “material risks” to the economy if there is a world trade war. The Wall Street giant on Monday was the latest major bank to announce strong revenues, […]
Boeing acquiring supplier Spirit AeroSystems for $4.7B
Boeing said Monday it plans to buy Spirit AeroSystems, a supplier it spun off from a subsidiary decades ago, in an all-stock deal for $4.7 billion. Boeing has outsourced some manufacturing processes to Spirit for years, but the move gives the company increased oversight and control over its manufacturing process amid ongoing scrutiny from federal […]
Boeing agrees to buy Spirit AeroSystems for $4.7B to address safety concerns
A briefing was held in Renton, Washington, on Tuesday in which details of the supplier’s “deficiencies” were outlined. Boeing on Monday announced a deal to acquire Spirit AeroSystems for $4.7 billion, aiming to address and resolve recent safety concerns. Boeing said in a news release that it will pay $37.25 a share to acquire Spirit […]