Today’s top business headlines: - House passes $15 minimum wage bill - Trump to look at Pentagon contract with Amazon - Back-to-school sales tax holiday - Toys ''R'' Us is making a comeback in the US
The company said Thursday that it will record a $5 billion after-tax charge in the second quarter, citing potential concessions to customers for disruptions and delivery delays. It's the fullest account from Boeing to date of the cost of grounding its best-selling jet.Boeing halted deliveries of its Max jets in March following two deadly crashes in less than six months. That costs Boeing significant revenue, because most of the cost of a plane is paid at the time it's delivered.
Investors will be on high alert for additional developments in the Straight of Hormuz, the crucial channel used to transport oil from the Persian Gulf.3. Microsoft's beat: Microsoft's cloud division is sending the company to new heights.Revenue for the quarter ending in June beat projections by nearly $1 billion, according to results released on Thursday.
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