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Southwest cuts Boeing jet deliveries after first quarterly loss in nine years

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Southwest cuts Boeing jet deliveries after first quarterly loss in nine years

(Reuters) – Southwest Airlines Co (LUV.N) said on Tuesday it has agreed with Boeing Co (BA.N) to sharply cut its 737 MAX delivery schedule through 2021 and is reviewing its order book as the coronavirus pandemic caused its first quarterly loss in nine years …
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Scandal-hit Luckin Coffee raided by Chinese regulators over $310m accounting probe

The US Public Company Accounting Oversight Board (PCAOB) is also investing the company along with the China Securities Regulatory Commission.
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Georgia's Waffle Houses among restaurants to reopen first in the state despite criticism

Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Waffle House, known for both its fluffy waffles and its dedication to remaining open during natural disasters, is unsurprisingly one of the first chains to reopen for limited …
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European Commission eases accounting rules for banks to facilitate lending to businesses

Additional flexibility will now be permitted to banks when applying IFRS 9, the accounting standard on credit loss and risk calculations. By. Bérengère
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Mortgage chaos threatens to worsen once repayments are due

By Joe Light, Bloomberg. The mortgage market has been disrupted by millions of borrowers postponing payments because of coronavirus. But lenders and veterans of the 2008 financial crisis warn the real chaos won’t start until the pandemic passes.
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