Boeing Co
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Industrials : Aerospace & Defense | Large Cap Value
Company profile

The Boeing Company is an aerospace firm. The Company operates in four segments: Commercial Airplanes (BCA); Defense, Space & Security (BDS); Global Services (BGS), and Boeing Capital (BCC). BCA segment develops, produces and markets commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility. BGS segment provides services to commercial and defense customers worldwide. BCC's segment portfolio consists of equipment under operating leases, finance leases, notes and other receivables and assets held for sale.

Closing Price
$180.81
Day's Change
0.49 (0.27%)
Bid
--
Ask
--
B/A Size
--
Day's High
187.79
Day's Low
180.43
Volume
(Light)
Volume:
41,792,299

10-day average volume:
57,421,069
41,792,299

Microsoft to close its physical stores, take $450 million charge

9:13 am ET June 26, 2020 (MarketWatch)
Print

Microsoft Corp. (MSFT) said Friday it will close all of its physical store locations, as part of the software and cloud giant's new approach to retail. The company expects to record a charge of $450 million, or 5 cents a share, during the current fiscal fourth quarter, for asset write offs and impairments. The new approach comes after the company had closed its Microsoft Store locations in late March as a result of the COVID-19 pandemic. The company said its retail employees will continue to work at corporate facilities and remotely. "Our sales have grown online as our product portfolio has evolved to largely digital offerings, and our talented team has proven success serving customers beyond any physical location," said Corporate Vice President David Porter. "The evolution of our workforce ensured we could continue to serve customers of all sizes when they needed us most, working remotely these last months." Microsoft's stock, which slipped 0.3% in premarket trading, has rallied 27.0% year to date through Thursday, while the Dow Jones Industrial Average has lost 9.8%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 26, 2020 09:13 ET (13:13 GMT)

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