Corporate Finance Cash Flow

  • GM EXPECTS IMPROVED MARGINS ON HIGHER REVENUES IN 2017 VS 2016 AND TO GENERATE AROUND $6 BLN IN FREE CASH FLOW.

  • For 2017, the company is targeting consolidated earnings before interest and taxes before special items in the range of $530 million to $630 million. Bombardier also expects significant improvement in its free cash flow usage for 2017, with a targeted range of $750 million to $1.0 billion, for a year-over-year rise of more than $400 million at the mid-point.

  • SYDNEY, Nov 24- Rio Tinto Chief Executive Jean-Sébastien Jacques said on Thursday that the fallout from its discovery of payments in Guinea has been "very challenging," in his first public appearance since the scandal erupted. Speaking at Rio's annual investment day seminar, Jacques also committed the world's no.2 miner to boosting free cash flow by $5 billion...

  • SYDNEY, Nov 24- Rio Tinto Chief Executive Jean-Sébastien Jacques said on Thursday that issues raised by the disclosure of payments in Guinea in 2011 were "very challenging", in his first public appearance since the scandal erupted. At the briefing, he outlined plans for the the world no.2 miner to boost free cash flow by $5 billion over the next five years by...

  • BRAZIL'S PETROBRAS POSTS THIRD-QUARTER FREE CASH FLOW OF 16.448 BLN REAIS, VS FCF OF 10.790 BLN REAIS IN SECOND QUARTER.

  • Oct 31- Constellation Brands Inc, owner of Corona and Modelo beer, said on Monday it would buy Obregon Brewery from Grupo Modelo, a subsidiary of Anheuser Busch InBev SA NV, for $600 million. The company, which submitted the proposal to the U.S. Department of Justice, also raised its 2017 free cash flow forecast to $575 million- $675 million, from the previous forecast...

  • Oct 27- Husky Energy Inc, Canada's No. 3 integrated oil company, reported a bigger-than-expected quarterly loss as weak crude oil prices continued to eat into profits. The Calgary, Alberta- based company said cash flow from operations shrank to C $484 million, in the quarter, from C $674 million a year ago. However, Husky recorded nearly C $1.5 billion in gains related...

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  • "Solid operating performance across our commercial and defense and space businesses in the third quarter again generated strong cash flow for Boeing," Chief Executive Officer Dennis Muilenburg said. Operating cash flow rose 12 percent to $3.2 billion and Boeing affirmed its target of $10 billion or more this year. Boeing shares fell as much as 1.7 percent to...

  • DENVER, Sept 19- Barrick Gold expects to be able to reach its target of reducing debt by $2 billion by year-end even without selling any assets, company President Kelvin Dushnisky said on Monday. "We are confident we will get to our $2 billion mark with or without an asset sale... presuming gold prices continue to cooperate," Dushnisky said in an interview on the...

  • DENVER, Sept 19- Barrick Gold expects to be able to reach its target of reducing debt by $2 billion by year-end even without selling any assets, company President Kelvin Dushnisky said on Monday.

  • NEW YORK, Sept 16- United Technologies Corp's chief executive officer said on Friday the company would deliver 150 Pratt& Whitney engines this year, missing its target of 200 and putting "pressure on cash flow." United Technologies shares fell about 1.8 percent after CEO Greg Hayes spoke about the issue at an investor conference hosted by Morgan Stanley.

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  • Toronto- based Barrick said it would work with Cisco to first develop a flagship digital operation at its Cortez gold mine in Nevada, embedding technology in various parts of the operation to deliver better, faster and safer mining. "Harnessing the potential of digital technology will unlock value across our business, helping us grow our free cash flow per share,"...

  • The market's cash kings

    CNBC's Dominic Chu reports on the record amounts of cash being hoarded by some of America's biggest companies. The "Fast Money" traders weigh in.

  • MELBOURNE, Aug 16- BHP Billiton reported a record $6.4 billion annual loss on Tuesday, hammered by a bad bet on shale, a dam disaster in Brazil and a commodities slump, but said it expects its free cash flow to more than double this year. "While commodity prices are expected to remain low and volatile in the short to medium term, we are confident in the long-term outlook...

  • The electric carmaker disclosed $1.1-billion in third quarter cash requirements in payments and planned expenditures.

  • BOMBARDIER CFO SAID WILL' MORE OR LESS' BREAK EVEN ON CASH FLOW FOR REMAINDER OF YEAR.

  • The Canadian company's free cash flow usage dropped to $490 million in the quarter from $808 million a year earlier. Bombardier, which has secured $1 billion investment for the program from the Quebec government, is in talks with Canada's federal government for further investment. However, Brazil's Embraer SA, whose E-Jets compete with CSeries aircraft, has...

  • Bombardier said free cash flow usage dropped to $490 million from $808 million. Bombardier reported a net loss of $490 million, or 24 cents per share, for the quarter ended June 30 compared with a profit of $125 million, or 6 cents per share, a year earlier. Excluding items, the company reported a loss of 6 cents, bigger than the 5 cents analysts on average had expected,...