Day: May 7, 2020

Bombardier Reports First Quarter 2020 Financial Results and Measures Taken in Response to COVID-19 Pandemic

Consolidated revenues of $3.7 billion, increasing by 5% year-over-year; consolidated adjusted EBIT(1) of $60 million, down 65% year-over-year, $156 million of reported EBIT; free cash flow usage(1) of $1.6 billion; operating cash flow usage of $1.5 billion Cash on hand of $2.1 billion, including a $386 million equity injection in Transportation in the quarter by Caisse de […]

Global Markets Mixed on Thursday

Global markets were mixed Thursday, with Asian indexes struggling despite good economic news from China. Japan’s Nikkei index closed 0.2 percent higher, while the TSEC 50 in Taipei finished 0.6 percent higher.  The indexes in Hong Kong, Shanghai and Sydney were all in negative territory, with investors apparently unmoved by Beijing’s announcement that exports rose […]

El Salvador Begins More Restrictive Lockdown Thursday

El Salvador begins a more restrictive lockdown Thursday to curtail the spread of the coronavirus, with an emphasis on the densely populated capital region of San Salvador. In a national address late Tuesday, President Nayib Bukele said residents will only be permitted to shop for groceries twice a week. He said citizens will not be […]

TeraRecon Announces Emergency Lung AI Suite and Intuition Upgrade

DURHAM, N.C., May 07, 2020 (GLOBE NEWSWIRE) — Advanced visualization and artificial intelligence leader TeraRecon today announced the release of two new lung density analysis solutions for the assessment and necessary follow-up care of COVID-19 patients.  These solutions, the Lung Density Analysis II (LDA-II) workflow for Intuition and the Emergency Lung AI Suite, provide two […]

Philips to convene Extraordinary General Meeting of Shareholders

May 7, 2020 Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) today announced that it will convene an Extraordinary General Meeting of Shareholders (EGM) and publish the agenda with explanatory note shortly. The sole purpose of the EGM is submit to Philips’ shareholders the revised proposal, as announced on April 20, 2020, to […]