Bloomberg reported that Bombardier cash-flow forecasts are dismal. The aircraft manufacturer announced plans to cut 5,000 jobs and sell its turboprop and training businesses.
A plummeting of Bombardier’s stock caused doubts as to CEO Alain Bellemare’s ability achieve a successful turnaround of the debt-laden company, according to Bloomberg.
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Business continues to hold steady or even improve in equipment finance, as the Top 25 Private Independents reported $7,504.5 million in new business volume for 2018, topping a record-setting 2017 with a growth of 17.2% year-over-year. Four companies achieved volume... read more
Although ASC 842 and IFRS 16 were released several years ago, many lessees will only first notice how the changes affect financial reporting in the first reporting period for 2019. Many lessees will not be subject to the new standards... read more