Boeing may raise more debt to curb loses from 737 MAX

Boeing Co.BA, -0.69%  is considering plans to raise more debt to bolster finances strained by the grounding of its 737 MAX, according to people familiar with the matter.

The aerospace giant isn’t running out of cash. Boeing had about $20 billion in available funds at the end of the September quarter, according to the company’s financial statements. But costs associated with the MAX crisis are rising.

Boeing faces compensation claims from airlines and families of the 346 victims of two MAX crashes over the past 15 months. This month, Boeing halted production of the plane, lowering some costs but pushing back the likely date at which payments for finished planes would resume.

Analysts expect Boeing to raise as much as $5 billion in additional debt to help cover expenditures that could top $15 billion in the first half of this year. In addition to spending on maintenance for the MAX’s stalled production facilities and finished planes, the company plans to close its $4 billion acquisition of an 80% stake in the Brazilian plane maker Embraer SA ’s commercial airliner business. Boeing also has to repay some existing debt and fund shareholder dividends.

An expanded version of this story appears on WSJ.com

Bolton says he will testify in impeachment trial if subpoenaed

John Bolton, the former White House national security adviser, said in a statement Monday that he is willing to testify in President Donald Trump’s Senate impeachment trial if he is subpoenaed. "I have concluded that, if the Senate issues a subpoena for my testimony, I am prepared to testify," he said on his website. Trump ousted Bolton in September, saying he had strongly disagreed with his suggestions.

John Bolton: I will testify in impeachment trial if subpoenaed

Former Trump National Security Adviser John Bolton said in a statement Monday he is willing to testify in a Senate impeachment trial if subpoenaed.

Quirky products at CES 2020

While the latest edition of CES, the biggest tech show in the world, officially opens its doors only on Tuesday (Jan 7), journalists got the chance to get a preview of some of the cool new tech to be presented at the CES Unveiled event on Sunday (Jan 5) night.

From a wearable device for pet dogs to help owners understand their emotions, to a personalised lipstick shade creator – here are some of the quirky and fun gadgets to expect this year.

Stay tuned to The Straits Times for more CES coverage this week.

January 6 – Alberta College of Massage Therapy

Alberta College of Massage Therapy joins us on Talk To The Experts this weekend!

Stock Alert: Shares Of Dynatrace, Inc. (DT) Touch New Highs

Shares of recent IPO Dynatrace, Inc. (DT) touched a new high of $28.55 today. The company, which provides a platform for running an enterprise cloud, made an August debut on the NYSE.

Last month, the company said it was signed up by UK Pub operator Mitchells & Butlers (LSE: MAB) to drive better digital experience and business results for key metrics like table bookings and order-at-table revenue. Mitchells & Butlers said by using Dynatrace, its order-at-table mobile application had a 20% higher order value than customers ordering from the bar.

Early December, Dynatrace announced Autonomous Cloud Enablement (ACE) Practice to speed up the journey to Autonomous Cloud operations. Software companies are required to provide a continuous delivery pipeline to ship new versions of software faster and more frequently, while adhering to high quality bars. The Autonomous Cloud, which is the transformation of IT from manual operations to autonomous, NoOps cloud operations – helps software providers achieve continuous software delivery pipelines and automated operations.

Late October, Dynatrace posted strong second quarter results, highlighted by 37% year-over-year growth in subscription and services revenue, which comprises 98% of its revenue mix. Overall revenue grew 27% to $129.4 million from last year, while adjusted eps of 6 cents topped the consensus estimate by 2 cents.

For the full year the company sees revenues of $533 million to $535 million, and adjusted eps of 23 cents to 24 cents. Analysts are modeling $534.2 million in revenues and 24 cents EPS.

One dead in head-on crash near Guelph: Wellington County OPP

Wellington County OPP say one person is dead following a two-vehicle collision east of Guelph Sunday evening.

Emergency crews were called to a head-on crash in the Town of Erin on Trafalgar Road, north of Highway 124 at around 6:30 p.m.

Police said a southbound SUV struck a northbound car.

Venezuela’s political crisis is worsening — What’s happening and what’s to come

Allies of Venezuelan President Nicolás Maduro attempted to orchestrate a takeover of the opposition-controlled congress Sunday as opposition leader Juan Guaidó was blocked by security forces from presiding over the start of the legislative year.

Here’s a look at what happened and where things stand following what has been condemned internationally as an attempted coup against the country’s last democratic institution.

WHAT HAPPENED?