Pivot to Medical Poses Security Challenges for Manufacturers

As some manufacturers pivot to making in-demand medical supplies, devices and equipment, they face new cyber security challenges. Hackers stand ready to exploit any vulnerability. To succeed in the medical sector, manufacturers need to look closely at risks, adopt additional best practices and consider working with a trusted advisor already working in medical arena.

Boeing Burns Through More Than $4 Billion in Cash While Posting 1Q Loss

Boeing Co. reported a $641 million first-quarter loss as the 737 Max aircraft remained grounded and the novel coronavirus (COVID-19) slashed demand for the company’s aircraft. The Chicago-based company also said it burned through $4.3 billion during the quarter. Boeing's deliveries of commercial aircraft during the quarter...

Ford Motor Says Second-Quarter Loss Will Exceed First-Quarter Deficit

Ford Motor Co. said that its second-quarter loss will widen to more than $5 billion before interest and taxes as the automaker seeks to recover from the novel coronavirus (COVID-19). The Dearborn, Mich.-based automaker posted a first-quarter deficit of $632 million before interest and taxes. The company reported a net loss of $1.99 billion, or 50 cents a share. That compares with a first-quarter 2019 profit of $1.15 billion, or 29 cents a share.

Boeing Raises $25 Billion in Debt Sale, Won't Seek U.S. Aid

Boeing Co. sold $25 billion in corporate bonds after initially planning to sell $10 billion to $15 billion, Reuters reported. The company said in a statement that "we do not plan to seek additional funding through the capital markets or the U.S. government options at this time," according to the news service. Boeing added: "We will continue to assess our liquidity position as the health crisis and our dynamic business environment evolve.” Boeing's sale was the sixth-largest...

Caterpillar Profit Falls on Lower Demand for Heavy Equipment

Caterpillar Inc., the maker of mining trucks and other heavy equipment, posted a lower first-quarter profit after demand fell off as the global economy was hit by COVID-19. About 75 percent of Caterpillar factories remained open during the coronavirus outbreak. Some plants that had been closed have reopened.

Nissan to Retrench, Will Focus on U.S., China, Japan

Nissan Motor Co. intends to pull back from regions, including Europe, to concentrate on the U.S., China and Japan, Reuters reported, citing people familiar with the plan. Nissan is scheduled to announce details of an "operational performance plan" on May 28. "Nissan aims to restore dealer ties and refresh lineups to regain pricing power and...