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KQED Nightly Business Report July 14, 2024

The dow was dragged lower in part because of boeing, which reported a massive loss for the Second Quarter. It also warned about something that no shareholder wants to hearabout, that itay have to halt production of its 737 max if the grounng of the jet liner drags on much longer. That pushed the stock 3lower in todays trade. Phil lebeau is on the story for us tonight. Reporter with the 737 max grounded for months, boeing ceo Dennis Muilenburg says his company could shut down the max Assembly Line if the current plan for recertifying the plane this fall is pushed back even further. If any of the timeline assumptions change significantly from start of the Fourth Quarter return to service, then we will have to evaluate alternatives, and those alternatives could inclu ....

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BBCNEWS Business Briefing July 14, 2024

We start with facebook it may be facing growing pressure from regulators over the way it runs its business but that doesnt seem to be putting off users or advertisers. The worlds Biggest Social Network got a big like from investors on wednesday after a strong set of results with shares jumping in after hours trade. Lets show you the details. Facebook made revenues ofjust under 16. 9 billion in the three months tojune 400 million more than expected. Thats up 28 on this time last year. The number of people using its Services Including instagram, whatsapp and messenger at least once a month hit a new record of 2. 41 billion people up 8 per cent on this time last year. Those numbers come despite the storm of controversy around the company. On wedesday the federal trade commission confirmed that facebook has accepted a record 5 billion fine for privacy violations invol ....

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BBCNEWS Afternoon Live July 14, 2024

As councils step up visits to the elderly and doctors warn of the risk of heatstroke. Meanwhile, rail passengers are told to stay at home, with the risk of rail tracks buckling. Sarah is at our Weather Centre. It is officially the highest temperature in july on it is officially the highest temperature injuly on record but there is a chance today we could beat the all Time Temperature record which is set at 38. 5 celsius. The heat is rising and so is the humidity, it is not going to cool down ina humidity, it is not going to cool down in a hurry. I will bring you all the details in about half an hour. Englands cricketers are slowly repairing some of the damage from yesterdays collapsed. They have a rather Unlikely Hero to thank so have a rather Unlikely Hero to thank ....

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BBCNEWS Asia Business Report July 14, 2024

Mps have backed a measure that would block the next Prime Minister suspending parliament in order to force through a no deal brexit. Bowen profit warning the biggest aircraft maker reveals the impact of the 737 max grounding s. Moon landing innovations 50 years on, the Space Technology that changed the way we live. Good morning asia, hello well, it is a friday, almost the weekend. Glad you could join us for this exciting addition. Boeing has warned that it will take a 4. 9 billion charge in the Second Quarter due to the disruption due to the grounding of the 737 max jet after two lovely crashes which together killed 346 people. Two deadly crashes. Delivery delays will cost when it reports results next week. It will be spent compensating customers. Boeing also raised how much it thinks it will cost to produce the aircra ....

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BBCNEWS Business Briefing July 14, 2024

There is only one tech giant that is valued at more than a trillion dollars. Its not amazon or apple but microsoft. And it has just proved again why it is the worlds most valuable publicly traded company. Injust three months, this giant brought in almost 34 billion in revenue. About the same amount as the value of cypruss entire economy. And unlike a number of the tech giants, this company is actually making money. Lots of it. In fact, 13 billion of profits. How . Office software and Cloud Computing are proving to be the big money spinners for microsoft. The likes of microsoft 365 and the azure business in particular. Whats powering all of this . An unexpected rise in the number of new desktops and notebooks being sold around the world. Theyre up by almost 5 . Why . Companies are trying to replace old machines still running on windows 7 before support for the software expires next year. Theres also the fear that this could be a m ....

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