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Airlines keep calm and carry on after Boeing jet groundings

Wed, 03/13/2019 - 02:40
Groundings of brand-new Boeing 737 MAX 8 jets have sent shockwaves through global aviation after a crash in Ethiopia, but many airlines are managing to keep to schedule with other jets while economic woes mean some may be grateful for a pause.
Categories: Financial Media

Asian shares drift lower, sterling awaits its fate

Wed, 03/13/2019 - 02:17
Asian share markets were mostly in the red on Wednesday as a risk-off mood gripped investors, while a frazzled pound awaited its fate ahead of yet another make-or-break parliamentary vote on Brexit.
Categories: Financial Media

Ties between Boeing and Trump run deep

Wed, 03/13/2019 - 01:54
When Donald Trump spoke with Boeing CEO Dennis Muilenburg on Tuesday to get assurances about the safety of the 737 MAX plane that crashed in Ethiopia, he wasn't talking to a stranger.
Categories: Financial Media

Talk to 'Green New Deal' backers, BP CEO tells oil industry

Wed, 03/13/2019 - 01:29
The oil industry should engage with proponents of the "Green New Deal," a Democratic initiative seeking to radically reduce U.S. dependence on fossil fuels, BP Chief Executive Officer Bob Dudley said on Tuesday.
Categories: Financial Media

U.S. Congress invites pharmacy benefit managers to third drug pricing hearing

Wed, 03/13/2019 - 01:29
The U.S. Senate Finance Committee has invited executives from five pharmacy benefit managers to testify on April 3 on the rising costs of prescription medicines, in Congress's latest effort to question industry officials directly over an issue voters consistently cite as a top concern.
Categories: Financial Media

South American nations evaluating shutting airspace to Boeing 737 MAX: Telam news agency

Wed, 03/13/2019 - 01:17
Argentina and other South American nations are evaluating closing their airspace to Boeing 737 MAX airplanes following two fatal crashes in five months involving that type of plane, Argentina's state-run news agency Telam reported on Tuesday.
Categories: Financial Media

Fiji suspends Boeing 737 MAX flights

Wed, 03/13/2019 - 00:35
Fiji Airways and the Civil Aviation Authority of Fiji on Wednesday temporarily grounded the carrier's two Boeing Co 737 MAX planes, following two fatal crashes involving the aircraft in Indonesia and Ethiopia.
Categories: Financial Media

UK needs to meet Facebook, Google competition with new rules: report

Wed, 03/13/2019 - 00:09
Britain needs to overhaul its competition rules to tackle the dominance of tech giants like Facebook, Google and Amazon, and increase consumer choice, a government review said on Wednesday.
Categories: Financial Media

Uber hires more IPO underwriters as it prepares to go public: sources

Tue, 03/12/2019 - 23:57
Ride-hailing startup Uber Technologies Inc has hired a string of investment banks to its syndicate of initial public offering underwriters, as it ramps up preparations for a stock market debut, people familiar with the matter said on Tuesday.
Categories: Financial Media

U.S. will not ground Boeing 737 MAX planes after Ethiopia crash

Tue, 03/12/2019 - 23:35
The U.S. aviation regulator said on Tuesday it would not ground Boeing Co 737 MAX planes after a crash in Ethiopia which killed 157 people, bucking a trend of countries around the world that have suspended the aircraft's operations.
Categories: Financial Media

Canada sees no reason to ground Boeing 737 MAX 8, ready to act if need be

Tue, 03/12/2019 - 23:35
Canada has no plans to ground Boeing Co 737 MAX 8 aircraft but is ready to "act immediately" to suspend flights if new information emerges indicating there is a problem, Transport Minister Marc Garneau said on Tuesday.
Categories: Financial Media

U.S. lawmakers at T-Mobile, Sprint hearing spar over stay at Trump hotel

Tue, 03/12/2019 - 23:29
U.S. lawmakers questioning the chief executives of T-Mobile US Inc and Sprint Corp over their planned merger sparred with each other on Tuesday over T-Mobile's executives staying at President Donald Trump's hotel where they spent $195,000 while in Washington.
Categories: Financial Media

New Zealand suspends Boeing 737 MAX flights

Tue, 03/12/2019 - 23:28
New Zealand's aviation regulator on Wednesday suspended Boeing Co 737 MAX aircraft from flying to or from the country, following fatal crashes involving the U.S. planemaker's model in Indonesia and Ethiopia.
Categories: Financial Media

DoubleLine's Jeffrey Gundlach calls Modern Monetary Theory a 'crackpot' idea

Tue, 03/12/2019 - 23:28
Jeffrey Gundlach, the chief executive of DoubleLine Capital and Wall Street's Bond King, called the increasingly popular Modern Monetary Theory backed by progressives a "crackpot" idea.
Categories: Financial Media

Bermuda prohibits Boeing 737 MAX from its airspace

Tue, 03/12/2019 - 23:22
Bermuda has prohibited Boeing's 737 MAX 8 and 737 MAX 9 aircraft from its airspace until further notice following Sunday's deadly plane crash in Ethiopia, the British overseas territory's aviation authority said on Tuesday.
Categories: Financial Media

Rite Aid shakes up top management, to cut about 400 U.S. jobs

Tue, 03/12/2019 - 23:19
Rite Aid Corp said on Tuesday its chief executive officer would exit as part of a revamp of its leadership, and that it would slash about 400 corporate positions.
Categories: Financial Media

Mexico backs Disney-Fox deal, orders sale of Fox Sports channels

Tue, 03/12/2019 - 23:16
Mexico's Federal Telecommunications Institute (IFT) said on Tuesday it had approved the Walt Disney Co's purchase of Twenty-First Century Fox Inc's film and television assets, subject to certain conditions, including the sale of Fox Sports channels.
Categories: Financial Media

Bayer Roundup cancer trial goes to jury after closing arguments

Tue, 03/12/2019 - 22:50
A trial in which a California man alleged his use of Bayer AG's glyphosate-based Roundup weed killer caused his cancer went to a federal U.S. jury after lawyers for both sides delivered their closing arguments on Tuesday.
Categories: Financial Media

U.S. FAA will not order immediate grounding of Boeing 737 MAX

Tue, 03/12/2019 - 22:35
The Federal Aviation Administration said on Tuesday it will not ground the Boeing 737 MAX that has been involved in two fatal crashes since October despite a growing number of countries ordering the planes to stop flying.
Categories: Financial Media

Elon Musk's defense of his Tesla tweet will get SEC response

Tue, 03/12/2019 - 21:02
The top U.S. securities regulator received permission from a federal judge on Tuesday to respond to Tesla Inc Chief Executive Elon Musk's arguments that his Twitter post about the electric vehicle maker’s production volume did not violate his recent fraud settlement.
Categories: Financial Media

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