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China's indebted HNA group names chairman's son as president: Caixin

October 19, 2019 by  
Filed under News

China’s indebted HNA Group has appointed its chairman’s son as president as part of business restructuring at the finance-to-aviation conglomerate, Chinese financial magazine Caixin reported on its website on Saturday.


Source: Reuters Business News

Exclusive: Huawei in early talks with U.S. firms to license 5G platform – Huawei executive

October 19, 2019 by  
Filed under News

Blacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some U.S. telecoms companies about licensing its 5G network technology to them, a Huawei executive told Reuters on Friday.


Source: Reuters Business News

U.S. oil major Chevron says hopeful about maintaining Venezuela presence

October 19, 2019 by  
Filed under News

U.S. oil major Chevron Corp said late on Friday it is optimistic about maintaining a presence in Venezuela even amid U.S. sanctions on the country and state oil company PDVSA as part of Washington’s effort to oust President Nicolas Maduro.


Source: Reuters Business News

Boeing 737 MAX test pilot grappled with simulator flaws, too

October 18, 2019 by  
Filed under News

In newly released instant messages from 2016, a top Boeing Co 737 MAX test pilot tells a colleague that the jet’s MCAS flight control system – the same one linked to two fatal crashes – was “running rampant in the (simulator) on me.”


Source: Reuters Business News

Boeing pilots' messages on 737 MAX safety raise new questions

October 18, 2019 by  
Filed under News

A Boeing Co senior pilot said he might have unintentionally misled regulators, in a series of internal messages from 2016 that became public Friday, plunging the world’s largest airplane maker into a fresh crisis.


Source: Reuters Business News

Pentagon says decision on full-rate F-35 jet production possibly delayed until 2021

October 18, 2019 by  
Filed under News

The Pentagon’s decision to move into a full-rate production contract for the F-35 jet, made by Lockheed Martin , could be delayed until 2021 because of issues integrating the jet with its testing and training simulators, an official said on Friday.


Source: Reuters Business News

Tesla's Nuerburgring run revs up debate over speed records

October 18, 2019 by  
Filed under News

Tesla Inc’s attempts to humble Porsche with a new lap record on Germany’s legendary Nordschleife racetrack have reignited a controversy about the value of lap times, as the circuit steps in to quash claims of cheating.


Source: Reuters Business News

Johnson & Johnson to recall some baby powder as FDA finds traces of asbestos

October 18, 2019 by  
Filed under News

Johnson & Johnson said on Friday it is recalling around 33,000 bottles of baby powder in the United States after U.S. health regulators found trace amounts of asbestos in samples taken from a bottle purchased online.


Source: Reuters Business News

FDA alerts consumers of J&J baby powder recall, says it stands by tests

October 18, 2019 by  
Filed under News

The U.S. Food & Drug Administration said on Friday that it found that a sample from one lot of Johnson & Johnson’s baby powder contained chrysotile fibers, a type of asbestos, confirming test results the company disclosed earlier on Friday.


Source: Reuters Business News

Wall Street weighed by Boeing, J&J, bleak China data

October 18, 2019 by  
Filed under News

Wall Street fell on Friday as negative headlines about Johnson & Johnson and Boeing and bleak economic data from China soured investor risk appetite, offsetting generally positive corporate earnings.


Source: Reuters Business News

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