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Transport Canada sending team to assist with proposed software changes for 737 MAX

Tue, 03/19/2019 - 15:42
Transport Canada said on Tuesday it would send a team to assist the U.S. Federal Aviation Administration in evaluating proposed design changes to update the software on Boeing's now grounded 737 MAX jet.
Categories: Financial Media

General Motors to invest $2.7 billion in Brazil's Sao Paulo state, maintain 15,000 jobs

Tue, 03/19/2019 - 15:37
General Motors said on Tuesday it would invest 10 billion reais ($2.65 billion) in two of its Brazilian plants located in the state of Sao Paulo.
Categories: Financial Media

Global shares at five-month high, sterling rides Brexit twists

Tue, 03/19/2019 - 15:21
Stock markets across the world rose on Tuesday for a seventh session, the longest winning streak of the year, while sterling wobbled against the U.S. dollar on expectations European Union officials would allow Britain a delay on Brexit negotiations.
Categories: Financial Media

EU to study Boeing software updates before allowing flights to resume

Tue, 03/19/2019 - 14:58
The European Union will not allow models of the Boeing aircraft that crashed in Ethiopia to fly in its skies until it has received sufficient guarantees from the U.S. planemaker, the head of the bloc's aviation safety agency said.
Categories: Financial Media

U.S. factory orders barely rise; shipments fall further

Tue, 03/19/2019 - 14:52
New orders for U.S.-made goods rose less than expected in January and shipments fell for a fourth straight month, offering more evidence of a slowdown in manufacturing activity.
Categories: Financial Media

Jet Airways crisis worsens as Indian government steps in, pilots threaten strike

Tue, 03/19/2019 - 14:13
A crisis at India's Jet Airways deepened on Tuesday as an increasingly worried Indian government called for an emergency meeting, angry passengers demanded refunds and pilots threatened to go on strike over unpaid salaries.
Categories: Financial Media

Hackers hit aluminum maker Hydro, knock some plants offline

Tue, 03/19/2019 - 14:13
Norsk Hydro, one of the world's largest producers of aluminum, battled on Tuesday to contain a cyber attack which hit parts of its production, sending its shares lower and aluminum prices higher.
Categories: Financial Media

Murdoch's new Fox debuts on Nasdaq, names ex-Speaker Paul Ryan to board

Tue, 03/19/2019 - 13:41
Fox Corp debuted on the Nasdaq on Tuesday, marking a new phase for billionaire Rupert Murdoch's media business after the $71 billion sale of Twenty-First Century Fox Inc's film and television assets to Walt Disney Co.
Categories: Financial Media

Aluminum producer Hydro hit by cyber attack, shuts some plants

Tue, 03/19/2019 - 12:42
Norsk Hydro, one of the world's largest producers of aluminum, was battling on Tuesday to contain a cyber attack which hit parts of its production, sending its shares lower and aluminum prices higher.
Categories: Financial Media

Norway says Norsk Hydro has been exposed to LockerGoga ransomware attack

Tue, 03/19/2019 - 12:41
Aluminum producer Norsk Hydro has been exposed to a LockerGoga ransomware attack, a spokesman for the Norwegian National Security Authority, in charge of cyber security, told Reuters on Tuesday.
Categories: Financial Media

Hackers demanded ransom money from Norsk Hydro to stop cyber attack: NRK

Tue, 03/19/2019 - 12:12
Hackers demanded ransom money from Norsk Hydro to stop an ongoing cyber attack on its IT systems, public broadcaster NRK reported on its website, citing a message sent by the Norwegian National Centre for Cybersecurity.
Categories: Financial Media

Fiat Chrysler revs up as Peugeot points to merger potential

Tue, 03/19/2019 - 12:05
Fiat Chrysler shares jumped on Tuesday to the top of Europe's STOXX 600 after the president of Peugeot family holding company FFP told French daily Les Echos he would support a new deal and suggested Fiat Chrysler was among the options.
Categories: Financial Media

Exclusive: Advent and Blackstone among bidders for WPP market research arm Kantar - sources

Tue, 03/19/2019 - 12:04
A series of buyout funds including U.S. firms Advent and Blackstone are in talks with advertising group WPP to explore bids for a majority stake in its data analytics unit Kantar, four sources familiar with the matter told Reuters.
Categories: Financial Media

People want higher taxes on rich, better welfare: 21-country OECD survey

Tue, 03/19/2019 - 11:55
A strong majority of people in wealthy countries want to tax the rich more and there is broad support for building up the welfare state in most countries, a survey conducted for the OECD showed on Tuesday.
Categories: Financial Media

Stock futures higher as Fed kicks off policy meeting

Tue, 03/19/2019 - 11:42
U.S. stock futures rose slightly on Tuesday as investors anticipated a more accommodative policy stance from the U.S. Federal Reserve in a two-day policy meeting this week.
Categories: Financial Media

Ethiopian crash crew's voices could unlock high-stakes Boeing inquiry

Tue, 03/19/2019 - 11:22
The investigation into the final minutes of Ethiopian Airlines Flight 302 turned on Tuesday to the secrets in the cockpit voice recorder as Boeing and a shaken global aviation industry hung on the outcome.
Categories: Financial Media

Factbox: What we know about Boeing 737 MAX crash and what comes next

Tue, 03/19/2019 - 11:21
More than 300 Boeing 737 MAX 8 and MAX 9 passenger jets around the world have been taken out of service following two fatal crashes over the past five months in Ethiopia and Indonesia that killed almost 350 people in all.
Categories: Financial Media

Jet Airways now operating only 41 aircraft, could reduce further: regulator

Tue, 03/19/2019 - 11:18
India's aviation regulator said on Tuesday that Jet Airways is currently operating only 41 aircraft, just a third of its original fleet, as the debt-laden carrier struggles to finalize a rescue deal with lenders and its major shareholder Etihad Airways.
Categories: Financial Media

Merkel: Won't take stand on possible Deutsche Bank/Commerzbank merger

Tue, 03/19/2019 - 11:17
German Chancellor Angela Merkel said on Tuesday only Deutsche Bank and Commerzbank could decide whether they wanted to merge, making clear she would not take a stand.
Categories: Financial Media

German economic advisor opposed to Deutsche, Ccommerzbank merger

Tue, 03/19/2019 - 11:15
An economic advisor to the German government, Isabel Schnabel, said on Tuesday she strongly advised against a possible merger of Deutsche Bank and Commerzbank.
Categories: Financial Media

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