Following the latest business news, including releases regarding company earnings, may provide finance MBA degree seekers a better understanding of how organizations' internal operations.
For example, Boeing Company recently reported its earnings from the fourth quarter of 2010, which were lower than analysts had expected, according to Reuters. Profit for the airplane manufacturer dropped 8 percent to $1.16 billion, while revenue fell 8 percent to $16.55 billion.
According to the Associated Press, Boeing's financial problems are the result of several factors. Among them is a scheduling delay in the production of the company's 787 aircraft, which is now three years late. This year alone, delivery of the freighter has been pushed back from February to July at the earliest.
"While we are disappointed by this most recent delay, we remain big believers in the 787, which will be a game-changing aircraft," Zane Rowe, chief financial officer of Boeing told Reuters.
In 2011, Boeing plans to deliver 485 to 500 airplanes, including 25 to 40 of the 787s and revamped 747s.
Also hampering Boeing's earning potential are a rise in pensions and a tightening of spending by the Pentagon, the Associated Press reported. this is crucial as the company earns half of its revenue from defense and space-related work.