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5 Issues It Is Best To Know Earlier Than The Inventory Market Opens On March 8, 2021 • MV TELEGRAPH

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Shell, HSBC join exit train out of Russia, rouble collapses

Energy giant Shell, global bank HSBC and the world's biggest aircraft leasing firm AerCap join the exit train, along with BP, out of Russia.

Western firms head for the exit in Russia as sanctions tighten

Energy giant BP, global bank HSBC and the world’s biggest aircraft leasing firm AerCap joined a growing list of Western firms looking to exit Russia on Monday, as Western sanctions tightened the screws on Moscow over its invasion of Ukraine.

Western firms head for the exit in Russia as sanctions tighten

Western firms head for the exit in Russia as sanctions tighten

Russia's economy reels as Western firms leave as sanctions intensify

The rouble plunged as much as 30% to an all-time low as firms such as BP and HSBC exit Russia and its banks are shut out from Swift

Western Companies Head For the Exit in Russia as Sanctions Tighten

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

GE burns more cash than expected amid drag from jet engine unit

GE burns more cash than expected amid drag from jet engine unit By Ryan Beene Bloomberg,Updated April 27, 2021, 8:23 a.m. Email to a Friend Jet engines are seen on the factory floor of the General Electric Co. Aviation assembly plant in Lafayette, Indiana.Luke Sharrett/Bloomberg (Bloomberg) -- General Electric Co. burned more cash than analysts expected in the first quarter, crimping Chief Executive Officer Larry Culp’s turnaround push after recent signs of financial improvement. Cash use by the industrial divisions totaled $845 million in the first quarter, GE said in a statement Tuesday as it reported financial results. That was worse than the burn of $663.9 million predicted by Wall Street. Adjusted earnings of 3 cents a share topped the 1.4-cent average of analyst estimates compiled by Bloomberg.

GE burns more cash than expected as jet-engine unit drags

GE Slips as Aviation Woes Show Much Remains on Culp's To-Do List

GE Slips as Aviation Woes Show Much Remains on Culp’s To-Do List Bloomberg 1 hr ago Ryan Beene (Bloomberg) -- General Electric Co. shareholders are getting a reality check from the company’s first-quarter results, a mixed showing that underscored the work ahead for Chief Executive Officer Larry Culp and his turnaround push. Sales fell 12% to $17.1 billion, dragged down by the troubled jet-engine unit, GE said Tuesday. That trailed the $17.6 billion expected by Wall Street. Orders fell in aviation and two other manufacturing units and GE’s steady financial forecast made for a “negative contrast” with conglomerates that have raised their outlook, said John Inch, an analyst at Gordon Haskett.

GE slips as aviation woes show much remains on Culp's to-do list