Wireless and fixed-network equipment maker Nokia reported fourth-quarter profits Thursday in line with analyst expectations and said it will resume paying a dividend and launch a share-buyback program because of its improved ...
Feb 3, 2022
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Boeing reported a hefty fourth-quarter loss Wednesday as mounting costs connected to the widebody 787's woes more than offset a boost from the comeback of the 737 MAX after a lengthy grounding.
Jan 26, 2022
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Virgin Atlantic, one of many airlines hit hard by coronavirus fallout, has won a further financial boost from shareholders as it prepares to resume passenger flights.
Mar 15, 2021
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Staff at a factory in northwest England run by engines maker Rolls-Royce on Friday began a three-week strike over the possible relocation of operations to Singapore, the British aerospace giant confirmed.
Nov 6, 2020
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British aerospace giant Rolls-Royce, facing plunging demand as the coronavirus pandemic sparks an air transport crisis, launched plans Thursday to shore up its finances by up to £5.0 billion ($6.4 billion, 5.5 billion euros).
Oct 1, 2020
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Virgin Atlantic's 1.2 billion-pound ($1.6 billion) restructuring plan was approved Wednesday by the High Court in London, allowing the international airline to continue rebuilding its operations after the devastation caused ...
Sep 2, 2020
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British aerospace giant Rolls-Royce on Thursday logged a vast net loss for the first half of 2020 as the coronavirus outbreak grounded aircraft worldwide and sparked a crisis in air transport.
Aug 27, 2020
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Britain's High Court on Wednesday cleared a £1.2-billion rescue of struggling airline Virgin Atlantic, part-owned by British tycoon Richard Branson and which has been hit badly by the coronavirus pandemic.
Aug 25, 2020
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Administrators for scandal-hit payments firm Wirecard said on Tuesday that the insolvent company would lay off more than half its remaining German staff.
Aug 25, 2020
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The former CEO of German payment service provider Wirecard has been arrested, accused of inflating the company's balance sheet in an accounting scandal that centers on a missing sum of 1.9 billion euros ($2.1 billion), prosecutors ...
Jun 23, 2020
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