May 11 Canadian plane and train maker Bombardier
Inc reported a smaller quarterly loss and said its
Executive Chairman Pierre Beaudoin would step down.
Bombardier said Beaudoin will continue to serve as
Net loss narrowed to $31 million, or 2 cents per share, in
the first quarter ended March 31, from $138 million, or 7 cents
per share, a year earlier.
Montreal-headquartered Bombardier, which is in the midst of
a five-year turnaround plan to improve results, reported an 8.6
percent fall in revenue to $3.58 billion.
(Reporting by Arathy S Nair in Bengaluru; Editing by Shounak