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I guess it’s about time to shut down this blog, Top Finance Blog. It’s been a nice run of 11 years and initially I had a lot of fun and made some nice money, but those days are gone and it’s time to move on.
Since I never had many return visitors or subscribers and had only one comment in the last 5 months, I doubt anyone will actually read this. But that’s okay because I’m turning off comments in any case, so I’ll probably never know if anyone ever cared about most of the content here in the last few years or so.
However, if there were things here that interested you, here’s a bit of information for you. Many of the articles here will be repurpose elsewhere. They’ll either go to my accountant’s blog, who I write for, or my relatively local blog, Syracuse Wiki, where
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Shares of Coca-Cola Co. rose 1.6% in premarket trading Tuesday, after the beverage giant reported first-quarter profit and revenue that beat expectations, as pantry loading earlier in the quarter helped offset substantial declines in its away-from-home channels given the COVID-19 pandemic. Net income rose to $2.78 billion, or 64 cents a share, from $1.68 billion, or 39 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to 51 cents, above the FactSet consensus of 44 cents. Revenue fell 1% to $8.60 billion but topped the FactSet consensus of $8.30 billion. Unit case growth volume grew 3% through the end of February, but ended up down 1% for the quarter as with “solid” growth in North America more than offset by weakness in Asia/Pacific. Sparking drinks case volume fell 2%; water, enhanced water and
Boeing has completed its first Covid-19 transport mission, using a 737-700 aircraft from its corporate fleet to bring personal protective equipment from China to the United States.
Working in partnership with First Robotics founder, Dean Kamen, the company transported 540,000 medical-grade face masks that will be delivered to healthcare professionals battling Covid-19 in New Hampshire.
Kamen, who has a longstanding relationship with Boeing through First Robotics, is also a founder of DEKA Research & Development Corporation.
He worked with DEKA to secure the face masks from manufacturers in China and turned to Boeing to facilitate their transport.
DEKA is the importer of record for the delivery and provided the masks to New Hampshire for distribution to healthcare professionals in the state.
“Another life-saving delivery of PPE has arrived in New Hampshire,” said governor Chris Sununu.
“Thanks to Dean Kamen for facilitating this deal, and to Boeing for donating the cost
Govt increases loss coverage for micro loan defaults to 75% from 50% earlier
“It will incentivise lending institutions to give credit as their losses from defaults on loans will be protected to the extent of 75%,” said Anil Gupta, head of financial sector ratings at ICRA. The CGFMU scheme, announced in April 2016, covers micro loans up to Rs 10 lakh extended under the Pradhan Mantri Mudra Yojana.
Indian Banks Association may approve 90-day moratorium for all NBFCs
NBFCs and housing finance companies had shot off an urgent SOS to the RBI claiming that they will run out of cash by May-June if they don’t get the benefit of the moratorium on repayments applicable to other borrowers. NBFCs have claimed that while they would have nil cash by June, housing finance cos will have only 4.5% cash reserves