Warren Buffett’s Berkshire Hathaway Inc. BRK.A, -0.58% BRK.B, -0.48% redeemed more than a quarter of its stake in Wells Fargo & Co. WFC, + 1.11% and about 61% of its position in JPMorgan Chase JPM, + 0.03%, while taking on a new position at Barrick Gold Corp. GOLD, -0.55%, according …
Read More »Southwest shares rise after slipping to less-than-expected loss as passenger revenue exceeds
Shares of Southwest Airlines Co. LUV, -0.95% It rose 1.5% in premarket operations on Thursday, after the airline suffered a large loss that was narrower than expected, as the drop in passenger demand was not as bad as feared . The company said reserves decreased during July. Net loss was …
Read More »Airlines face continuing uncertainty about Covid-19. Wall Street is of two minds.
Text size Two analysts covering Southwest Airlines took two different tacks on the action, with one analyst raising the target price and the other lowering the equivalent of Hold. However, in the era of the coronavirus pandemic, Southwest has been one of the toughest airline stocks. Ethan Miller / Getty …
Read More »Key Boeing supplier gets more bad news about 737 MAX
Text size Photograph by David Ryder / Getty Images Spirit AeroSystems said Monday night that Boeing asked it to produce fewer 737 MAX bodies, a story that not only jeopardizes the supplier’s financial health, but also means that the drama about the plane on the ground is far from over …
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