Sunday, 26 May 2024

Boeing Rules Out Government Aid After Raising $25 Bln In Bond Offering

Body of elderly man found in vacant lot in Osoyoos, B.C.; police, coroners service investigating

Police in Osoyoos, B.C., say they are investigating after a body was found in a vacant lot.

The discovery happened Thursday, April 30 at approximately 10 a.m., at the end of Cottonwood Drive.

Boeing says will not seek further funds from U.S. govt

(Reuters) – Boeing Co (BA.N) has no plans to seek additional funding through the capital markets or from the U.S. government at this time, the planemaker said in a statement on Thursday.

The company raised $25 billion in a bond offering on Thursday in a bid to shore up its finances during the coronavirus-induced travel downturn.

Airdrie mother dies alone in Calgary nursing home after contracting COVID-19

A woman is hoping clearer messaging from the Alberta government will save another family from heartbreak after her mother died from the novel coronavirus alone in a Calgary long-term care facility.

“She was a very happy person,” Brittany Patrick said in a interview from Winnipeg. “She loved to shop and she loved talking with her friends and family.”

Boeing says will not seek further funds from U.S. govt

April 30 (Reuters) – Boeing Co has no plans to seek additional funding through the capital markets or from the U.S. government at this time, the planemaker said in a statement on Thursday.

The company raised $25 billion in a bond offering on Thursday in a bid to shore up its finances during the coronavirus-induced travel downturn. (Reporting by Aishwarya Nair in Bengaluru)

National Fuel Gas Slips To Loss In Q2

National Fuel Gas Co. (NFG) reported that GAAP net loss for the second quarter of its 2020 fiscal year was $106.1 million or $1.23 per share, compared to net income of $90.6 million, or $1.04 per share, in the prior year. The latest-quarter results included a $129.3 million after-tax impairment of oil and gas properties and a $56.8 million deferred tax valuation allowance.

Adjusted operating results were $84.2 million or $0.97 per share, compared to $92.9 million or $1.07 per share, in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.97 per share for the quarter. Analysts’ estimates typically exclude special items.

Operating revenues declined to $491.10 million from $552.54 million in the prior year. Analysts expected revenue of $600.75 million for the quarter.

National Fuel revised ts fiscal 2020 earnings guidance to reflect revised commodity price assumptions for the balance of the fiscal year, and the results of the fiscal second quarter.

The company now projects that annual earnings, excluding items impacting comparability, will be within the range of $2.75 to $2.95 per share, or $2.85 per share at the midpoint of the range. Analysts expect annual earnings of $2.90 per share.

In addition, the company lowered its consolidated capital expenditure guidance to a range of $680 to $740 million, a $30 million decrease from the midpoint of the Company’s prior guidance range.

Hub Group Q1 Profit Down

Hub Group Inc. (HUBG) reported first quarter 2020 net income of $13.2 million or $0.40 per share, down from $23.9 million, or $0.71 per share for the first quarter 2019.

The latest-quarter results included in net income was $2.5 million, or $0.07 per share, of severance expense ($1.6 million), consulting expense ($0.7 million) and donation expense ($0.2 million).

Operating income for the quarter was $19.8 million versus $35.6 million for first quarter 2019. Operating income included $3.3 million of expenses for severance, consulting and donations.

Capital expenditures for the remainder of fiscal year 2020 are expected to range from $50 million to $80 million, and primarily consist of investments in tractors, trailers and containers to support growth in our business, as well as IT hardware and software.

Revenue for the first quarter of 2020 decreased by 10% to $839 million compared with $933 million for first quarter 2019.

Lloydminster mayor unsure when city will be included in coronavirus reopening plan

The Border City’s COVID-19 cluster has grown a little larger.

Saskatchewan Health Authority (SHA) announced two more cases in Lloydminster, adding to the outbreak that was announced by the province on April 29.

Eskimos choose depth on their offensive line with their 2020 first round pick

The Edmonton Eskimos held the fourth overall selection during Thursday’s CFL Canadian College Draft and selected offensive lineman Tomas Jack-Kurdyla from the University of Buffalo.

WestJet, Air Line Pilots Association sign agreement to save 1,000 jobs

WestJet announced Thursday it has reached an agreement with the Air Line Pilots Association (ALPA) to save more than 1,000 pilot jobs.

On April 15, the airline had said that 1,700 pilots across WestJet, WestJet Encore and Swoop would be laid off due to the COVID-19 crisis.

Eldorado Gold Q1 Loss Narrows

Eldorado Gold Corp. (ELD.TO,EGO) reported that its first-quarter net loss attributable to shareholders of the company narrowed to $4.9 million or $0.03 per share from $27.0 million, or $0.17 loss per share in the prior year.

Adjusted net earnings attributable to shareholders was $12.5 million, or $0.08 per share compared to adjusted net loss of $21.1 million, or $0.13 per share in the prior year.

Metal sales for the quarter rose to $204.66 million from $80.02 million in the prior year.

Boeing Rules Out Government Aid After Raising $25 Bln In Bond Offering

Boeing Co.(BA) said it will not seek additional funding through the capital markets or the U.S. government options after successfully raising $25 billion in a bond offering Thursday.

The bond offering includes seven tranches with maturities that range from three to 40 years, the company said.

“We’re pleased with the response to our bond offering today, which is one of several steps we’re taking to keep liquidity flowing through our business and the 17,000 companies in our industry’s supply chain,” Boeing said in a statement.

In mid-April, major US airlines agreed to general terms with the U.S. Treasury regarding their participation in the Payroll Support Program that would prevent layoffs in the airline industry hit by the COVID-19 pandemic.

President Donald Trump last month signed the $2 trillion coronavirus economic stimulus bill that reportedly includes $25 billion in direct aid to passenger airlines.

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