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Anti-stall system active before Ethiopian 737 MAX crash: sources

March 29, 2019 by  
Filed under News

An anti-stall system at the center of a probe into the crash of a Boeing 737 MAX jetliner in Indonesia five months ago was also at play when an identical aircraft crashed in Ethiopia earlier this month, three people briefed on the matter said.


Source: Reuters Business News

TUI sticks with Boeing 737 MAX orders despite profit hit

March 29, 2019 by  
Filed under News

TUI remains committed to its Boeing 737 MAX orders despite two fatal crashes that have led to the grounding of the plane worldwide and caused the Anglo-German tour operator to issue a profit warning on Friday.


Source: Reuters Business News

Lyft shares soar on Nasdaq debut, setting stage for Uber

March 29, 2019 by  
Filed under News

Lyft Inc’s shares opened up more than 20 percent in their market debut on Friday, giving the ride hailing startup a market value of more than $27 billion, amid strong investor demand that bodes well for larger rival Uber Technologies Inc.


Source: Reuters Business News

Versum opens books, begins to warm to rival suitor Merck KGaA

March 29, 2019 by  
Filed under News

Versum Materials Inc has opened its books to suitor Merck KGaA, saying the German group’s unsolicited $5.9 billion offer might be sweetened and could edge out an agreed merger with Entegris.


Source: Reuters Business News

WTO says U.S. failed to halt state tax subsidy for Boeing

March 28, 2019 by  
Filed under News

The World Trade Organization said on Thursday the United States had ignored its request to halt a subsidized tax break for Boeing in its main planemaking state of Washington as a 15-year-old transatlantic trade row edges toward tit-for-tat sanctions.


Source: Reuters Business News

Benchmark yields higher, stocks mixed with eye on trade, growth outlook

March 28, 2019 by  
Filed under News

Benchmark U.S. and European bond yields moved higher on Thursday after prolonged slides, while world share markets were mixed with an eye on U.S.-China trade talks and economic growth.


Source: Reuters Business News

U.S. economy shifts into low gear as fiscal boost wanes

March 28, 2019 by  
Filed under News

The U.S. economy slowed more than initially thought in the fourth quarter, keeping growth in 2018 below the Trump administration’s 3 percent target, and corporate profits fell by the most in a year after a one-off boost from lower taxes.


Source: Reuters Business News

Exclusive: J. Crew turns again to debt restructuring lawyers – sources

March 28, 2019 by  
Filed under News

J. Crew Group Inc has tapped restructuring lawyers for the second time in as many years to explore options for reworking its debt, as the U.S. clothing chain struggles with falling sales and a dwindling cash pile, people familiar with the matter said on Thursday.


Source: Reuters Business News

Wall Street treads water as growth worries weigh; trade in focus

March 28, 2019 by  
Filed under News

Wall Street’s main indexes swung between gains and losses on Thursday, as optimism fueled by progress in U.S.-China trade talks was clouded by fears of an economic slowdown after a cut in fourth-quarter GDP growth.


Source: Reuters Business News

Boeing unveils 737 MAX software fix after fatal crashes

March 27, 2019 by  
Filed under News

Boeing Co said on Wednesday it had reprogrammed software on its 737 MAX passenger jet to prevent erroneous data from triggering an anti-stall system that is under mounting scrutiny following two deadly nose-down crashes in the past five months.


Source: Reuters Business News

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