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Under60 Daily | 29 October 2020

Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, curated by hand to exclude the clutter and ensure you get up to speed in under a minute.



[Earnings] Ford exceeds market expectations for its third-quarter earnings. Additionally, Ford's new Bronco redesign has netted the company with 190,000 reservations indicating strong earnings for the company when the vehicle launches later next year.

Over60: CNBC

[M&A] Dunkin' Brands Group Inc. is exploring a sale to Inspire Brands Inc., the parent company of restaurant chains such as Arby's, Buffalo Wild Wings and Jimmy John's.

Over60: WSJ, USAToday

[Aerospace] Supersonic aircraft manufacturer Hermeus has raised $16 million in its series A funding round led by Canaan Partners, among others. The company is seeking to build a commercial aircraft capable of hitting speeds of Mach 5. Rival supersonic startup Boom Aerospace's plane is expected to top out at Mach 2.2.

Over60: Techcrunch

[Earnings] Private equity firm, The Carlyle Group, announced healthy profits of $295.5 million for the third quarter, up from $92.2 million a year earlier.

Over60: WSJ, Reuters

[Aerospace] Airbus, the world's largest plane manufacturer, posted a positive free cash flow of €600 ($705) million as it began delivering more plans. The company posted a net loss of €767 ($894) million for the third quarter due to a growing number of completed planes that remain undelivered.

Over60: WSJ, Reuters



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