Airlines fear long grounding of Boeing 737 MAX jets after Ethiopian crash
The grounding of Boeing’s 737 MAX jets after the crash in Ethiopia has had no immediate financial impact on airlines using the planes, but it will get painful for the industry the longer they do not fly, companies and analysts said on Friday.
Source: Reuters Business News
Factbox: What we know about Boeing 737 MAX crash and what comes next
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.
Source: Reuters Business News
Investor group calls on Lyft to scrap dual-class share structure plan: FT
A group of investors has called on Lyft Inc’s board to scrap a proposed dual-class share structure, as the ride hailing company pitches its initial public offering to investors next week, the Financial Times reported on Saturday.
Source: Reuters Business News
Exclusive: Indian antitrust watchdog raids Glencore business, others over pulse prices – sources
India’s antitrust watchdog raided units of global commodities trader Glencore and two other firms in Mumbai on Saturday in an inquiry into alleged collusion on the price of pulses, four sources with knowledge of the raids told Reuters.
Source: Reuters Business News
No new natural gas hookups in New York's Westchester County, Con Ed says
New York energy company Consolidated Edison Inc said on Friday it still plans to impose a moratorium on new natural gas service in parts of Westchester County after March 15 despite a $250 million plan by the state to reduce energy usage.
Source: Reuters Business News
Apple infringed three Qualcomm patents, jury finds
Mobile phone chip supplier Qualcomm Inc on Friday won a legal victory against iPhone maker Apple Inc, with a jury in federal court in San Diego finding that Apple owes Qualcomm about $31 million for infringing three of its patents.
Source: Reuters Business News
Shocked aviation world awaits Boeing black box probe in France
Investigators in France on Friday examined the black boxes of a Boeing 737 MAX that crashed in Ethiopia as the global airline industry waited to see if the cause was similar to a disaster in Indonesia months before.
Source: Reuters Business News
Ethiopian Airlines CEO sees 'clear similarities' between crashed 737 MAX jets: Xinhua
The crashed Boeing Co 737 MAX jets in Ethiopia and Indonesia appear to have a common connection, Ethiopian Airlines Group Chief Executive Officer Tewolde Gebremariam told China’s state news agency Xinhua on Friday.
Source: Reuters Business News
Apple says Spotify wants benefits of a free app without being free
Apple Inc on Thursday responded to Spotify Technology SA’s complaint with EU antitrust regulators, saying the audio streaming service “wants all the benefits of a free app without being free”.
Source: Reuters Business News
Volkswagen may face U.S. SEC lawsuit over failure to disclose emissions cheating
Volkswagen AG said the U.S. Securities and Exchange Commission may sue the German automaker over its failure to disclose its diesel emissions scandal to investors.
Source: Reuters Business News