LONDON (Reuters) – Rolls-Royce (RR.L) requires more money and more inspections to fix problems with Trent 1000 engines on Boeing (BA.
See Original Article

General Electric restated its 2016 and 2017 earnings results Friday. The industrial conglomerate reduced its 2016 earnings by 13 cents and its 2017 earnings by 17 cents, according to the company's filing. GE also reduced its revenue by $220 million for 2016 and $2.2 billion for 2017. For all earnings
See Original Article

Michael Cohen, the longtime personal lawyer to President Donald Trump who arranged a nondisclosure payment to porn actress Stormy Daniels, also helped a top Republican donor negotiate a payment to a former Playboy Playmate. The fundraiser, Elliott Broidy, agreed in late 2017 to pay $1.6 million
See Original Article

The financial information reviewed by Bloomberg News revealed huge profits, a pristine balance sheet and world-beating production costs. The figures also show the Saudi Finance Ministry, rather than investors, as the main beneficiary from oil's rise above $70 a barrel, and it would reap an even greater
See Original Article

In addition to the cut to 2017 earnings from the new accounting standards, GE also said the effects of the U.S. tax overhaul would trim 14 cents with another small bite coming from a change in its inventory measurement. In total, GE lost 99 cents a share in adjusted continuing profit, down from the
See Original Article